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The International Institute for Trade and Development is set to unveil an action plan designed to address shifts in global trade regulations and industry supply chains.
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The International Institute for Trade and Development is set to unveil an action plan designed to address shifts in global trade regulations and industry supply chains. The institute aims to present this strategic plan to the Commerce Ministry, the Thai Chamber of Commerce, and the Federation of Thai Industries by November.
Suphakit Chareonkul, the executive director, highlighted that recent global challenges—ranging from rapid changes in trade and investment regulations, particularly concerning labour and environmental standards, to swift technological advancements and ongoing geopolitical conflicts—are influencing trade relations, including those involving Thailand. These developments have altered production patterns and made export policies more complex.
Thailand faces significant challenges, such as rising production costs, a labour…