Hanoi (VNA) – Senior members of Thailand’s Bhumjaithai Party (BJT), led by caretaker Prime Minister Anutin Charnvirakul, have unveiled a “10 Plus” strategy aimed at helping the country cope with global uncertainties, particularly the escalating conflict in the Middle East.
Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas said the policy package focuses on concrete economic measures, including initiatives to help low-income households, elderly citizens and small businesses reduce debt, thereby supporting national economic growth. The package also prioritises investment in green industries to strengthen Thailand’s global competitiveness and ensure sustainable expansion.
Ekniti acknowledged that Thailand’s economy is facing multiple external shocks, especially from the Middle East conflict. Over the past week, PM Anutin has held daily meetings to assess the situation and prepare contingency plans, including measures related to oil supply and consumer prices to mitigate the impact.
Commerce Minister Suphajee Suthumpun said the government must maintain public confidence by demonstrating its ability to manage risks arising from the conflict. Authorities are working to stabilise consumer prices and coordinating with businesses to address potential supply chain disruptions, while warning traders against hoarding goods or raising prices unfairly.
She added that fertiliser supplies are currently sufficient until August. If shortages occur, Thailand will seek additional imports, including negotiations with partners such as Malaysia and Brunei.
Regarding trade with the US, Suphajee said the government is reassessing its position after the US Supreme Court suspended certain tariff measures. Earlier discussions expected tariffs of around 19%, but a new ruling set tariffs at 15% for 150 days, requiring businesses to adjust.
Foreign Affairs Minister Sihasak Phuangketkeow said Thailand must adopt a more proactive foreign policy amid growing global instability and prepare for emergencies, including the possible evacuation of Thai nationals if the Middle East conflict escalates. He also urged lawmakers to support foreign policy initiatives through parliamentary committees to minimise the impact of geopolitical uncertainties./.
