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Thailand–India economic ties deepen via BRICS+ amid global trade shifts

Thailand–India economic ties deepen via BRICS+ amid global trade shifts

9 Sept 17:00 Key points summarised by AI
  • Thailand and India are deepening economic ties within the BRICS+ framework to counter rising US protectionism and global economic uncertainty.
  • The US's shift towards protectionist trade policies, including potential tariffs and secondary tariffs, necessitates that countries like Thailand diversify their trade and investment partnerships.
  • Thailand's engagement with BRICS+, especially with India, is driven by economic imperatives, leveraging India's growing global stature, technological advancements, and leadership in areas like climate action and South-South cooperation.
  • This collaboration aims to enhance economic resilience for both nations and contribute to a more inclusive, multipolar international order, while Thailand navigates its 'bamboo diplomacy' to align with democratic norms for broader international interests.
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