Thailand: Trade-Related Assistance (Arise + Thailand)
The ARISE Plus Thailand Project aims to support inclusive and sustainable economic growth through international trade in Thailand. It supports greater connectivity and economic integration between Thailand and the Association of Southeast Asian Nations (ASEAN) region in line with the ASEAN Economic Community (AEC) Blueprint 2025.
The 3-year project, worth EUR 3 million and which started on 1 November 2020, aims to achieve a more transparent, predictable and competitive business environment, improve efficiency of public expenditure and service delivery, enhance organic agriculture practices and disseminate them within Thailand and other ASEAN countries.
These priority areas of support were identified together with the Ministry of Commerce and Thai stakeholders to help tackling specific trade-related challenges faced by Thailand. They are also relevant to support Thailand in managing the economic and trade impact of Covid-19 pandemic.
Ultimate project beneficiaries include Thai Small and Medium-Sized Enterprises (SMEs) which will benefit from improved business environment, policies and processes to increase their competitiveness. The focus on increasing transparency and simplification of regulations, for trade competition and public procurement, will notably address disadvantages faced more intensely by women and youth-owned businesses.
Sustainable Development Goals
Supporting Thailand’s sustainable economic growth and business environment
Thailand has moved from a low to an upper-middle-income economy in less than a generation. It has benefited from strong global and regional trade, a resilient domestic market, and an improved business environment. Yet, it still faces structural constraints that must be addressed to ensure the country’s full participation in the ASEAN economic space and global economy.
Our project will support Thailand by:
- Contributing to a more transparent, predictable and competitive business environment by strengthening the capacity of the Trade Competition Commission of Thailand (TCCT) to work in accordance with international best practices.
- Enhancing the capacities of the Comptroller General Department (CGD) to work in accordance with international standards and increase opportunities for Thai small and medium-sized enterprises (SMEs) to participate in public procurement.
- Enhance the understanding of and promote policy frameworks and best practices for organic agriculture to ensure compliance of Thai products with EU and ASEAN standards, increasing business and export opportunities for Thai SMEs and farmers.