In a statement released on 3 Jun 2025, the Thai Ministry of Foreign Affairs reaffirmed its commitment to promoting inclusive economic growth and advancing sustainable development objectives. At the OECD Ministerial Council Meeting (MCM) 2025 in Paris, Thailand’s Minister of Foreign Affairs, H.E. Mr. Maris Sangiampongsa, emphasized the importance of high-quality investment in achieving more inclusive economic growth.
To promote this goal, Thailand offers various support measures and targeted incentives to attract investments that fuel green and innovative growth. The country has also streamlined regulations to strengthen the position of micro, small, and medium-sized enterprises (MSMEs) in regional and global value chains. MSMEs, which comprise over 35% of Thailand’s GDP, are a key focus area for the government.
Thailand’s efforts have borne fruit, with the country recording over $3 billion in committed investments in high-value, low-emission sectors last year alone. This includes data centers, advanced electronics, and electric vehicles. The Thai government is also engaging constructively with international partners on issues such as the Carbon Border Adjustment Mechanism (CBAM) and the EU Deforestation Regulation (EUDR).
Thailand’s accession to the OECD will further reinforce these efforts. By adhering to the Declaration on International Investment and Multinational Enterprises, Thailand is embedding responsible business conduct as a core principle in its economic policies. The country also intends to initiate the process of adhering to the Anti-Bribery Convention in the near future.
Thailand aims to submit its Initial Memorandum to the OECD by December this year and complete the accession process by 2030. As part of this effort, the government will work closely with international partners towards the goal of inclusive and sustainable economic growth for all.
Thailand’s commitment to promoting inclusive economic growth is a key aspect of its foreign policy, particularly in the context of the OECD MCM 2025. The country’s efforts demonstrate its dedication to advancing sustainable development objectives and fostering responsible business practices globally.
By following these initiatives, Thailand seeks to promote inclusive economic growth that benefits all stakeholders, including farmers, businesses, and communities. As a key player in regional and international affairs, Thailand’s efforts will have far-reaching implications for the global economy.
The Thai government’s commitment to promoting inclusive economic growth is a testament to its leadership role in the region and its commitment to advancing sustainable development objectives. As Thailand continues to navigate the complexities of global trade and investment, its efforts will be closely watched by international observers and stakeholders alike.
Conclusion
Thailand’s pledge to promote inclusive economic growth at the OECD MCM 2025 underscores the country’s dedication to advancing sustainable development objectives. Through its commitment to high-quality investment, responsible business conduct, and accession to the OECD, Thailand aims to foster a more inclusive and sustainable global economy.