Yingluck’s vision on Thailand & ASEAN AEC: Regional competitiveness is key

Most analyst says ASEAN‘s AEC concept, with a target of 2015 reality, is in fact, a mile-stone, and that AEC will take more time to reach its apex. With that, the ASEAN’s AEC concept had been tarnished to a great extent, but many are still committed to the concept. One such commitment is from Thailand‘s Prime Minister, Yingluck.

Khao Sod reports, “Prime Minister Yingluck Shinawatra today gave a keynote speech at the opening of the “Path for Thailand toward ASEAN Community” exhibition in Bangkok, saying in parts that the government must re-adjust policy to welcome the change, and should not treat the integration as a threat. According to the Prime Minister, Thailand must develop new strategies, particularly by public sectors, to create more competitiveness in the region and improve the standard of living in Thailand. By creating competitiveness in the region, Ms. Yingluck suggested that Thai’s public sector should readjust regulations to support Human Rights and ease trade protectionism.  “The country also needs to rebalance their government public services to be more efficient and effective, in order to develop the standard of living in Thailand” Ms. Yingluck is quoted as saying. The Prime Minister also said that the wobbling global economy may become a challenge to the country. The US Quantitative Easing policy had strengthened national currency, due to large capital inflow into the country.

However, the situation has worsened the national export sector, which accounted up to 60% of national GDP. She stressed that Thailand should be ready for the economic fluctuation, both in domestic, regional and international stages.  “The private sector will also need to adjust their policy and improve their competitiveness through providing a better quality of goods,” Ms. Yingluck said.  She also suggested that the country should rely more on green energy. Apart from the economic fluctuation, Ms. Yingluck noted, the nation is also facing a lack of capable workforce, as the elderly population is expected to increase from 14% in 2013, to 27% in 2025. At the end of her speech, the Prime Minister added that in order to be competitive in meeting the new challenge, and to live together peacefully, we must integrate our social and cultural aspects.  Thai people must also develop English skill, as the language becoming more important as the media to communicate within the region, she added.

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