Bangkok: Prime Minister and Minister of the Interior, Anutin Charnvirakul, has assured that Thailand is not at a disadvantage following the recent signing of a memorandum of understanding (MOU) with the United States concerning rare earth minerals. Anutin emphasized that the MOU allows for future cooperation with the U.S. if Thailand discovers and processes rare earth minerals to benefit the country.
According to Thai News Agency, Anutin explained that the MOU is not a binding concession or exclusive agreement but rather an opportunity to explore potential benefits and disadvantages. He confirmed there are no legal obligations, and if Thailand can independently manage its resources, develop its own technology, or establish its own marketing channels, the agreement can be terminated.
The Prime Minister addressed concerns regarding the lack of prior notification before the signing of the MOU. He stated that discussions were already in progress through the Ministry of Foreign Affairs, which advocated for a friendly approach to enhance cooperation with the United States. This approach aims to positively influence ongoing negotiations on trade, tariffs, and other matters. Anutin reassured that there was no pressure from the United States and no threat to Thailand's economic balance with other countries.
When questioned about a separate matter involving the purchase of 80 aircraft, Anutin clarified that it was unrelated to the MOU. He dismissed any suggestions of a "super deal" with the U.S., stating that perceptions of the agreement are subjective.