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'Supachai' Adjusts Trade for Global Volatility, Pushing Thailand as Ally to All

'Supachai' Adjusts Trade for Global Volatility, Pushing Thailand as Ally to All

Thansettakij•Economy•1d ago

Reader Briefing

Thailand aims to be an 'Ally to All' by diversifying trade, enhancing FTAs, and strengthening financial capabilities to navigate global economic shifts.

  • •A seminar was held on February 16, 2026, to analyze the global economy based on the UNCTAD Trade and Development Report 2025 and set Thailand's trade strategy.
  • •Minister of Commerce Supachai Suthamphan highlighted the need for a proactive and flexible trade strategy due to geopolitical tensions and supply chain restructuring.
  • •Thailand will adopt an 'Ally to All' approach, emphasizing market diversification, optimizing Free Trade Agreements (FTAs), and building financial resilience.
  • •The strategy focuses on shifting exports to high-value, innovative, and standard-compliant products, promoting "Sell With" and "Sell Through" trade concepts.

Overview

  • •On February 16, 2026, the International Institute for Trade and Development (Public Organization) organized an international academic seminar.
  • •The seminar aimed to analyze global economic directions from the Trade and Development Report 2025 (TDR 2025) and set Thailand's trade strategy.
  • •Minister of Commerce Supachai Suthamphan stated that Thailand needs a proactive and flexible trade strategy due to global uncertainties.
  • •Thailand will diversify export markets and expand cooperation with potential partners in new regions, while maintaining balanced relations with existing markets.
  • •Thailand aims to elevate its export structure from quantity-focused production to high-value products with innovation and international standards.
  • •Supachai Suthamphan emphasized Thailand's 'Ally to All' principle, being a trade partner to all countries based on mutual respect.
  • •Thailand will leverage Free Trade Agreements (FTAs) effectively and develop trade facilitation and logistics mechanisms to reduce business costs.
  • •The report's findings on global economic slowdown, trade imbalances, and increased trade barriers directly affect developing countries like Thailand.

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Key Quotes

Supachai Suthamphan
"Amidst geopolitical polarization, Thailand will adhere to the principle of 'Ally to All,' ready to be a trade partner with every country on the basis of mutual respect."
ท่ามกลางภูมิรัฐศาสตร์ โลกแบ่งอย่างสุดขั้ว ไทยจะยึดมั่นในหลักการ "Ally to All" พร้อมเป็นพันธมิตรทางการค้ากับทุกประเทศบนพื้นฐานความเคารพซึ่งกันและกัน
Supachai Suthamphan
"Not just 'Sell To,' but 'Sell With' and 'Sell Through allies.'"
ไม่ใช่แค่ Sell To (ขายให้) แต่ต้อง Sell With (ขายร่วมกับ) และ Sell Through (ขายผ่านพันธมิตร)

Key Entities

Person

Supachai Suthamphan(ศุภจี สุธรรมพันธุ์)
Minister of Commerce of Thailand, advocating for a new trade strategy amid global volatility.

Organization

International Institute for Trade and Development (Public Organization)(สถาบันระหว่างประเทศเพื่อการค้าและการพัฒนา (องค์การมหาชน))
An organization that co-hosted an international seminar on global trade shifts and Thailand's strategy.
Ministry of Commerce(กระทรวงพาณิชย์)
The ministry playing a key role in formulating and implementing Thailand's proactive trade strategy.
Ministry of Foreign Affairs(กระทรวงการต่างประเทศ)
A ministry that co-hosted an international seminar on global trade shifts.
Harvard Graduates Association of Thailand(สมาคมนักเรียนเก่าฮาร์วาร์ดแห่งประเทศไทย)
An association that co-organized an international academic seminar on global trade.
UNCTADℹ️
The organization whose Trade and Development Report 2025 is being used to guide Thailand's trade strategy.
Team Thailand
A collective entity representing Thailand's efforts to integrate foreign and economic policies through economic diplomacy.

Law

Trade and Development Report 2025
A report used as a basis for analyzing global economic directions and formulating Thailand's trade strategy.