NESDB Promotes Twin Transition to Drive Thai Economy

Bangkok: The Office of Trade Policy and Strategy (OTPS), Ministry of Commerce, organized a seminar to disseminate the results of the study and draft policy recommendations under the project to study the promotion of Thai entrepreneurs in the Twin Transition, developing the economy with digital technology (Digital Transition) along with environmentally friendly development (Green Transition).

According to Thai News Agency, Mr. Poonpong Naiyanapakorn, Director of the Office of Trade Policy and Strategy, revealed that such guidelines are factors affecting competitiveness and are challenges in doing business. The seminar presented the results of the study and draft policy recommendations for government agencies, such as creating industrial clusters and developing supporting infrastructure, supporting the improvement and development of heavy machinery, establishing logistics centers, and researching and developing technology and innovation. The recommendations also include developing labor skills in digital technology and the environment by creating cooperation between the government sector, private sector, and educational institutions to develop educational and training curricula, developing environmental product certification standards to be internationally recognized, and increasing opportunities to access the market and new-age consumers who are more interested in environmentally friendly products , and setting policies for the government's procurement of environmentally friendly products.

Promoting the Twin Transition in both digital technology and environmental dimensions is viewed as an important step that will help enhance the potential of Thai industries in increasing efficiency in production, trade, management, and waste disposal to meet the needs of new-age partners and consumers, as stated by Mr. Poonpong.