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Thailand Stresses Importance of Public-Private Sector Cooperation Amid Global Economic Challenges

In a statement released on 26 May 2025, H.E. Mr. Maris Sangiampongsa, Minister of Foreign Affairs, represented the Prime Minister at the ASEAN Leaders’ Interface with the ASEAN – Business Advisory Council (ASEAN-BAC) on the sidelines of the 46th ASEAN Summit and other related meetings in Kuala Lumpur, Malaysia.

The meeting focused on future directions for cooperation amidst global economic challenges and uncertainties. Thailand emphasized the need for closer coordination between the public sector and the private sector to encourage a more proactive role of the private sector in diversifying business risks, exploring new partners and markets, as well as adopting innovative technologies to ensure long-term and sustainable growth.

Thailand also reiterated its commitment to working with all ASEAN Member States to promote intra-ASEAN trade, connectivity, sustainability, and digital transformation — especially by expediting the conclusion of the ASEAN Digital Economy Framework Agreement (DEFA) at the earliest. This agreement aims to enhance the region’s digital economy, improve competitiveness, and create new opportunities for businesses.

The Minister’s participation in the meeting highlights Thailand’s commitment to regional cooperation and its role as a key player in shaping the future of Southeast Asia. By fostering stronger ties between the public and private sectors, Thailand aims to drive economic growth, promote innovation, and ensure long-term sustainability.

Thailand’s emphasis on intra-ASEAN trade, connectivity, and digital transformation underscores its efforts to strengthen regional integration and address the challenges posed by global economic uncertainties. The Minister’s participation in the meeting demonstrates Thailand’s dedication to promoting regional cooperation and its commitment to working with ASEAN Member States to achieve shared goals.

In conclusion, Thailand’s involvement in the ASEAN Leaders’ Interface with the ASEAN-BAC highlights the country’s importance in regional diplomacy and its role as a key player in shaping the future of Southeast Asia. By fostering closer ties between the public and private sectors, Thailand aims to drive economic growth, promote innovation, and ensure long-term sustainability in the region.

Regional Cooperation Takes Center Stage

The meeting between the Minister of Foreign Affairs and the ASEAN-BAC underscores Thailand’s commitment to regional cooperation and its role as a key player in shaping the future of Southeast Asia. By emphasizing the importance of public-private sector cooperation, Thailand aims to drive economic growth, promote innovation, and ensure long-term sustainability in the region.

Long-Term Sustainability through Digital Transformation

Thailand’s commitment to expediting the conclusion of the ASEAN Digital Economy Framework Agreement (DEFA) highlights its efforts to enhance the region’s digital economy, improve competitiveness, and create new opportunities for businesses. By adopting innovative technologies and fostering closer ties between the public and private sectors, Thailand aims to drive economic growth and ensure long-term sustainability in the region.

Intra-ASEAN Trade and Connectivity

Thailand’s emphasis on promoting intra-ASEAN trade, connectivity, and digital transformation underscores its efforts to strengthen regional integration and address the challenges posed by global economic uncertainties. By working with ASEAN Member States, Thailand aims to drive economic growth, promote innovation, and ensure long-term sustainability in the region.

ASEAN-BAC Meeting Highlights Regional Cooperation

The meeting between the Minister of Foreign Affairs and the ASEAN-BAC highlights Thailand’s commitment to regional cooperation and its role as a key player in shaping the future of Southeast Asia. By fostering closer ties between the public and private sectors, Thailand aims to drive economic growth, promote innovation, and ensure long-term sustainability in the region.

Thailand’s involvement in the ASEAN Leaders’ Interface with the ASEAN-BAC demonstrates the country’s dedication to promoting regional cooperation and its commitment to working with ASEAN Member States to achieve shared goals.

The Minister’s participation in the meeting underscores Thailand’s role as a key player in shaping the future of Southeast Asia. By fostering closer ties between the public and private sectors, Thailand aims to drive economic growth, promote innovation, and ensure long-term sustainability in the region.

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