# Thai experts advocate for innovation to mitigate tariff impacts

- Link: https://www.thailand-business-news.com/trade/239668-thai-experts-advocate-for-innovation-to-mitigate-tariff-impacts
- Published: 2025-11-13T10:04:00+07:00
- Author: Arun Upadhyaya

**Thailand is implementing stimulus measures to enhance infrastructure, support 
tourism, and promote local businesses. It seeks deeper regional cooperation, especially
with ASEAN and China, while emphasizing access to larger markets like BRICS Plus.**

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## Key Points

 * The Thai government is implementing stimulus measures, including faster disbursement
   of public investment in infrastructure, tax incentives for consumption, and support
   for tourism and services. A 10 billion baht Competitiveness Enhancement Fund 
   aims to assist vulnerable industries and local businesses adapt to changing trade
   conditions.
 * Experts advocate for Thailand to collaborate with Southeast Asian nations to 
   enhance market facilitation and improve trade regulations. Upgrading existing
   agreements, like the ASEAN Trade in Goods Agreement and exploring partnerships
   with BRICS Plus, can strengthen cooperation and expand market access.
 * The US tariff policy presents an opportunity for Thailand to reshape its economy
   and industry. The ongoing trade war may also strengthen ties between ASEAN countries
   and China, potentially benefiting regional cooperation.

### Thai Experts Urge Innovation Push to Combat Rising Tariffs

In response to increasing global tariffs, Thai economic experts are calling for 
a surge in innovation to safeguard the nation’s trade competitiveness. This emphasis
on innovation was highlighted in a recent forum held in Bangkok, where participants
assessed the implications of escalating tariffs amidst a shifting international 
trade landscape.

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The forum, attended by government officials, business leaders, and academic experts,
focused on the urgent need for Thailand to diversify its economic strategies. With
recent tariffs imposed by major trading partners like the United States and China,
local industries face significant challenges. “Innovation is not just an option;
it is essential for our survival in the global market,” said Dr. Nattawut Chokchaichana,
a leading economic analyst from Chulalongkorn University. He emphasized that fostering
a culture of ideation and technological advancements could help mitigate the adverse
effects of rising tariffs.

In 2022, Thailand recorded a 3% decline in exports, a stark contrast to previous
years of growth. Key sectors, including agriculture and electronics, have been particularly
hard hit. Experts suggest that focusing on research and development could lead to
the creation of higher-value products, ultimately reducing dependency on export 
markets vulnerable to tariffs.

As the global economy continues to evolve, experts warn that Thailand must not only
adapt but also lead in innovation. “We have the talent and resources; we just need
the right policies to unlock potential,” added Dr. Chokchaichana.

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In conclusion, the call for a robust innovation strategy comes at a critical time
for Thailand, with many believing it could determine the trajectory of the nation’s
economic future amidst a challenging global trade environment.

**Citations:** The Bangkok Post; Chulalongkorn University’s Economic Research Department.

**Source** : [Thai experts urge innovation push to counter tariffs](https://www.nationthailand.com/blogs/business/economy/40054089?rand=157097)