PM Proposes 2-Month Extension of Thai Chuay Thai Plus

Khaosod•Economy•1d ago

Reader Briefing

Prime Minister Anutin Charnvirakul has instructed the Ministry of Finance to consider a two-month extension of the Thai Chuay Thai Plus project to mitigate economic risks.

•Prime Minister Anutin Charnvirakul ordered the Ministry of Finance to evaluate extending the Thai Chuay Thai Plus project by approximately 2 months.
•The Ministry of Commerce is preparing trade negotiation data for a high-level discussion between Thai and US leaders on September 17 or 18.
•The 10th round of Thai-EU FTA negotiations will take place in Phuket from September 28 to October 3.
•The Ministry of Commerce is updating the Manufacturing Production Index (MPI) in collaboration with the Ministry of Industry.

Overview

•Prime Minister Anutin Charnvirakul wants a support measure for the next 2 months due to geopolitical risks, strait closures, and rising oil prices.
•Prime Minister Anutin Charnvirakul assigned Ekniti Nitithanprapas to consider the feasibility and funding sources for extending the Thai Chuay Thai Plus project.
•Thai and US leaders are scheduled to hold high-level discussions on September 17 or 18.
•The Ministry of Commerce submitted data to the US regarding transshipment inspections, stating Thai producers have an actual production capacity of 75-90%.
•The 10th round of Thai-EU FTA negotiations will be held in Phuket between September 28 and October 3.
•Prime Minister Anutin Charnvirakul will chair a meeting on September 18 to summarize negotiation frameworks and consider remedial measures for affected sectors via the FTA Fund.
•Supajee Suthamphan denied claims that the appointment of 4 Ministry of Commerce inspectors favored men over women, noting several women hold key director-general and deputy permanent secretary roles.

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Key Entities

Person

Anutin Charnvirakul(อนุทิน ชาญวีรกูล)ℹ️

Prime Minister and Minister of Interior.

Supajee Suthamphan(ศุภจี สุธรรมพันธุ์)

Deputy Prime Minister and Minister of Commerce.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาส)ℹ️

Deputy Prime Minister and Minister of Finance.

Organization

Ministry of Commerce(กระทรวงพาณิชย์)ℹ️

The ministry responsible for trade negotiations with the US and EU and overseeing the FTA Fund.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry tasked with considering the extension and funding of the Thai Chuay Thai Plus project.

Ministry of Interior(กระทรวงมหาดไทย)ℹ️

The ministry where Anutin Charnvirakul serves as Minister.

Ministry of Industry(กระทรวงอุตสาหกรรม)ℹ️

The ministry collaborating with the Ministry of Commerce to update the MPI.

European Union(สหภาพยุโรป)ℹ️

A trade partner currently in the 10th round of FTA negotiations with Thailand.

Place

USA(สหรัฐฯ)ℹ️

A trade partner with which Thailand is negotiating trade conditions and discussing transshipment issues.

Phuket(ภูเก็ต)ℹ️

The location for the 10th round of Thai-EU FTA negotiations.

Philippines(ฟิลิปปินส์)ℹ️

The location of the ASEAN economic ministers meeting.

New York City(นครนิวยอร์ก)ℹ️

The location where the Prime Minister will conduct missions.

United Kingdom(สหราชอาณาจักร)ℹ️

A negotiating party that Supajee Suthamphan will discuss with in the Philippines.

Policy

Thai Chuay Thai Plus(ไทยช่วยไทย พลัส)

A project proposed for a 2-month extension to support the economy against geopolitical and energy risks.

Thai-EU FTA(FTA ไทย-สหภาพยุโรป)

A free trade agreement currently being negotiated between Thailand and the European Union.