|Population||69 million (2017)|
|GDP at PPP (current international dollars)||1.2 trillion (2017)|
|GDP per capita at PPP (current international dollars)||17,871 (2017)|
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With well-developed agro-industries and a highly competitive agriculture export program, Thailand has been a powerful promoter of subregional agricultural trade. Thailand has developed world renowned agriculture products, including Jasmine rice, and has established the capacity to use agriculture to decrease rural poverty and drive economic growth. The country is working to increase private sector participation in agriculture, and is cooperating with GMS partners in defending against cross-border disease, and building climate resilience.
Thailand is working with its GMS partners to mitigate global warming and lower carbon emissions throughout the subregion. This includes sharing information and working together on developing renewable energy, clean fuels, energy efficiency and conservation. Thailand has a policy of working with its GMS partners to develop local energy sources, such as biomass, solar, and wind energy that reduce the dependence on fossil fuels.
With abundant water, forest, fish, and wildlife resources, Thailand is improving water security, decreasing forest cover loss, and managing solid and hazardous waste within its borders and throughout the subregion. Thailand has decentralized management of the environment to local communities, and has partnered with the private sector to enhance and protect the environment. Thailand is home to the GMS Environmental Operations Center, which coordinates environmental initiatives for the subregion.
Thailand works with its GMS partners to maintain a wide range of human resource development activities. These include skills development and the mutual recognition of vocation skills. The country is also combating human trafficking, and has worked to decrease the cross-border transmission of disease.
As an active partner in subregional telecommunications programs, Thailand is developing cross-border connections under the GMS Information Superhighway Network. Thailand is also working with its GMS partners to develop information and communication technology for rural applications.
Thailand is one of the world’s top tourist destinations, and is seen as a gateway for promoting GMS as a single destination for global travelers. The country’s top destinations include Bangkok, Chiang Mai, and seaside resorts in Pattaya and Phuket. The government is working to encourage sustainable tourism that highlights cultural identity, and promotes the conservation of nature and the environment.
As an active member of the GMS Business Forum, Thailand is promoting private sector investment in the subregion, and is encouraging Thai companies to trade with neighboring countries. Thailand is working with its GMS partners to improve trade by easing the flow of goods and services across borders. It is coordinating with subregional partners on customs procedures; inspection and quarantine measures, and trade logistics.
Thailand’s well-developed transport system is an important part of the GMS economic corridors, which focus investment and development on vital highway systems. Thailand has been a driver of economic growth on the North-South Economic Corridor (Kunming-Bangkok Road); the East-West Economic Corridor; and the Southern Economic Corridor. Thailand has worked with its GMS partners to upgrade portions of these important economic corridors and encourage cross border investments aligned with subregional highways.
Thailand’s Ministry of Transport is scheduled to complete the 6th Thai-Lao friendship bridge by 2025, according to Mr. Saksayam Chidchob, Thailand Minister of Transport. This new bridge promises to further enhance border trade and promote tourism between Thailand and the Lao People’s Democratic Republic (PDR).
Leaders of Cambodia, Lao PDR, Myanmar, Thailand, and Viet Nam adopted the Phnom Penh declaration at the 9th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit held on 9 December. The declaration emphasizes post-pandemic socio-economic recovery and preparation for future crises and challenges through public health cooperation and enhanced supply chains. ACMECS leaders stressed the importance of vaccine multilateralism to ensure equitable and safe access to coronavirus disease (COVID-19) vaccines.
The Asian Development Bank (ADB) is providing a $1.5 billion loan to support the Government of Thailand’s response to the coronavirus disease (COVID-19) pandemic.
A press release from the Royal Government of Cambodia’s Ministry of Economy and Finance announced plans to improve facilities at border gates with Thailand and Viet Nam.
Cambodia’s border crossing points with Thailand and Vietnam are crowded with traffic of cross-border transport and tourists. The country wants to develop the necessary infrastructure to manage this traffic flow to ease cross-border transport and boost trade activities.
The Economic and Financial Policy Committee, chaired by Deputy Prime Minister Aun Pornmoniroth, approved the proposal.
The Asian Development Bank (ADB) approved a $3,000,000 technical assistance to support the implementation of initiatives to accelerate trade and cross-border investment between small and medium-sized enterprises (SMEs) of Cambodia, Thailand, Viet Nam—member countries of the Greater Mekong Subregion (GMS) program—and India. This ADB-administered technical assistance is financed by the United Kingdom Fund for Asia Regional Trade and Connectivity under the Regional Cooperation and Integration Financing Partnership Facility.
The Governments of Thailand and Myanmar signed a Memorandum of Understanding to improve immigration checkpoint and logistics clearances for cross-border trade in the Mae Sot (Thailand) and Myawaddy (Myanmar) checkpoint. Thailand and Myanmar officially opened the second Thailand-Myanmar Friendship Bridge to traffic on 30 October 2019.
The Governments of Thailand and Myanmar officially opened the second Thailand-Myanmar Friendship Bridge to traffic on 30 October 2019 in Tak province, Mae Sot district, Thailand. The bridge crosses over the Moei river, and connects the Mae Sot District of Thailand with Myawaddy in Myanmar.
The Association of Southeast Asian Nations (ASEAN) have identified 19 priority infrastructure projects to enhance regional connectivity and mobilize investments. Fifteen of the projects are in the Greater Mekong Subregion.
Thailand is embarking on several projects in its northeastern region to improve travel to the Lao People’s Democratic Republic (Lao PDR).