The Thai government announced it will join other countries in negotiating rules and procedures for the Indo-Pacific Economic Framework (IPEF). According to Nikki Asia: “[t]he Thai cabinet approved Tuesday a statement notifying the U.S. of its participation in the negotiations.” This is a historic stride by the current U.S. administration to restore American leadership in the Indo-Pacific and adapt its role for the 21st century. The Center for Strategic and International Studies states: “There is broad consensus from regional governments that the IPEF should be as inclusive as possible.” It is also an important step for Thailand.
The Thai Cabinet wants the talks on the IPEF “to focus on priorities that promote economic security and sustainable development in the Indo-Pacific region. These include trade, production chain resilience, clean energy, reduction of carbon dioxide, infrastructure, taxation, and fighting corruption.” All of these are all major challenges for Thailand.