‘Team Thailand’ to navigate geopolitical risks, push EU FTA talks

11 Sept 05:10 Key points summarised by AI

Thailand adopts a 'Team Thailand' approach, uniting government and private sectors to fortify economic resilience against escalating geopolitical tensions and global uncertainties.
A central priority is accelerating the conclusion of the long-awaited Free Trade Agreement with the European Union, currently in its eighth round of negotiations.
The nation aims to diversify export markets beyond traditional partners into new regions and has launched domestic campaigns like 'Thai Help Thai' to ease living costs and aid vulnerable communities.
The Commerce Ministry outlined a four-pillar strategy focusing on Competitiveness, Security and Stability, Inclusivity, and Resilient Agility to guide Thailand’s economic transformation and enhance adaptability to global disruptions.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Yesterday 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.