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Thailand will be hosting the 2022 Asia-Pacific Economic Cooperation (APEC) summit as the chair of the council. Prime Minister of Thailand Prayut Chan-o-cha stated that in the post-epidemic era, Thailand will focus on promoting regional economic integration & multilateral trading system, strengthening regional connections, especially the tourism industry, and maintaining sustainable environmental development.
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Thai Prime Minister Prayut Chan-o-cha emphasized regional connection and economic integration. (Photo / Retrieved from THE NATION THAILAND)
The Prime Minister of Thailand Prayut Chan-o-cha attended the APEC Leaders’ Summit hosted by New Zealand through a video conference and mentioned that now is the time to build a post-epidemic future that will develop in a sustainable and balanced manner.
Thailand adopts the Bio-Circular-Green Economic Model (BCG) as its national strategy for economic recovery in the post-epidemic era. The BCG economic model will also become the driving force of APEC's priorities in 2022.
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Thailand takes over the 2022 APEC Summit. (Photo / Retrieved from THE NATION THAILAND)
Thailand will turn APEC’s achievements and Putrajaya Vision 2040 into three concrete actions as follows.
- Trade and investment: Thailand will ensure that APEC remains open to all opportunities in 2022. In terms of trade and investment, it will promote the multilateral trading system and regional economic integration.
- Digital and innovation: In the post-epidemic era, new trade-related issues such as climate change, public health care, and inclusive development, digital technology and innovation will become key tools to promote and achieve these priorities
- Sustainability and participation: Thailand is committed to using the Bio-Circular-Green Economic Model to ensure environmental sustainability and promote long-term and resilient economic growth.
