Thailand’s Perspectives on the IPEF - Foundation Office Japan / Regional Economic Programme Asia (SOPAS)
Thailand will likely find it difficult to partake in the IPEF in the areas of digital economy, labour standards, environmental cooperation and anti-bribery practices. Yet, some difficulties can be ameliorated by the other IPEF members’ capacity building programmes. The domestic political factors stemming from the General Election (GE) in May 2023 and how they will shape the country’s implementation of the IPEF are also examined. This chapter ends with the discussion of the prospects of engaging Europe from Thailand’s viewpoint. The analysis finds that the state prefers to advance its economic ties with Europe via regular Free Trade Agreements (FTAs) rather than the IPEF.