PM Paetongtarn Tackles Earthquake Aftermath
Government Pledges Support for Disaster Victims
Prime Minister Paetongtarn Shinawatra has vowed to address the challenges posed by the recent earthquake that struck Thailand on March 28, causing widespread damage to lives and property. She assured citizens that the government is committed to alleviating the suffering of affected communities. “With unity and support from our people, I am confident we will overcome this crisis,” she stated.
Disaster Relief Measures in Place
The government has initiated comprehensive relief efforts, including compensation for damages and psychological support for victims. Paetongtarn emphasized that Thailand has successfully navigated past crises and will do so again through collective resilience.
Responding to US Tariffs: A Strategic Approach
Impact of 36% Tariff on Thai Exports
Thailand faces significant economic challenges following the US government’s announcement of a 36% reciprocal tariff on Thai goods, set to take effect on April 9, 2025. This measure is expected to impact key export sectors such as electronics, processed foods, and agricultural products.
Negotiation Plans with the US
To mitigate these impacts, Finance Minister Pichai Chunhavajira will lead a delegation to the US next week for discussions with government officials, private sector representatives, and other stakeholders. Paetongtarn highlighted Thailand’s role as both an exporter and a reliable ally to the US, aiming to strengthen bilateral economic ties through negotiations.
Diversifying Trade Partnerships
Exploring New Export Markets
Recognizing the risks of over-reliance on the US market, Paetongtarn announced plans to diversify export destinations. The government is accelerating efforts to open new markets in regions such as the Middle East, Europe, and India through free trade agreements.
Supporting Affected Industries
Both short- and long-term measures have been developed to assist SMEs and large industries impacted by the tariffs. These include expanding export opportunities and restructuring production processes to enhance competitiveness.
Collaborative Proposals for Economic Stability
Increasing Imports from the US
Thailand has prepared proposals aimed at balancing trade relations with the US. These include increasing imports of energy, aircraft, and agricultural products while promoting Thai investments in the US. The government also seeks to reduce import barriers and address issues related to false origin claims on exported goods.
Strengthening Bilateral Cooperation
Paetongtarn emphasized plans for deeper collaboration in agriculture, industry, and technology sectors with the US. She expressed confidence that these initiatives will lead to successful negotiations, ensuring Thailand remains a strong ally and trading partner.
Ensuring Long-Term Economic Growth
Building a Resilient Economy
The Thai government is committed to protecting national interests by fostering a stable and globally competitive economic foundation. Discussions on trade guidelines are scheduled for April 8 to align strategies across various sectors.
A Unified Path Forward
Paetongtarn reassured citizens that her administration will do everything possible to safeguard Thailand’s economy while maintaining dignity on the global stage. “With unity and strategic planning, Thailand will continue moving forward,” she concluded.
