Bangkok: Pichai Chunhawichorn, Deputy Prime Minister and Finance Minister, expressed confidence that Thailand’s GDP will experience a 2.2 percent growth in 2025. This expectation comes despite ongoing challenges, including a slowdown in tourism due to the Thai-Cambodian border dispute.

According to Thai News Agency, Pichai highlighted that while exports performed well during the first half of the year, the latter half remains uncertain. Challenges such as tariffs imposed by former U.S. President Donald Trump, the ongoing trade war, and other related issues contribute to this uncertainty. The Thai-Cambodian border dispute is also a factor, though the government is implementing expedited rehabilitation and relief measures in the affected areas to generate cash flow and counterbalance potential impacts.

In terms of international trade negotiations, Pichai noted that discussions with the United States over tariffs are ongoing. The Thai negotiation team is working diligently, engaging regularly with U.S. Trade Representative officials. With only two days remaining before the August 1st deadline, the team is focused on submitting another round of discussion proposals, having already provided nearly complete information to the United States.