The Finance Minister joins the OECD meeting to discuss building economic immunity advising all countries to control inflation and maintain fiscal discipline ready to discuss international tax issues
Mr Pornchai Thiravech, as spokesman for the Ministry of Finance, revealed that Mr Arkhom Termpittayapaisith The Minister of Finance attended the Council Meeting at Ministerial Level 2023 of the Organization for Economic Cooperation and Development. (The Organization for Economic Co-operation and Development: OECD) during 7 – 8 June 2023 in Paris, France. The essence of the meeting can be summarized as follows:
1. The meeting discussed the economic trends of member countries. OECD The meeting emphasized the importance of building economic immunity. able to face the challenges moving forward and promote fair and inclusive economic growth. Promoting the roles and participation of all groups of people By allowing all countries to manage inflation which remains at a high level. At the same time, to maintain financial discipline. by reducing unnecessary financial support
2. The meeting agreed that sustainable economic development in the future should emphasize the use of technology. Aim for net zero greenhouse gas emissions (Net Zero) protect and restore the environment. The Minister of Finance made a statement that Thailand has set a goal to become Net Zero by the year 2065.
The main policy is the Bio-Circular Green Economy Model (BCG Economy Model) and the Ministry of Finance has used financial and fiscal tools to support such goals, such as tax measures to reduce greenhouse gas emissions. Promoting investment in electric cars Issuing government bonds for sustainability, etc.
He has offered to support the use of technology to speed up the goal. Net Zero to be more efficient Including Thailand ready to support and collaborate with the OECD in the future.
3. The Conference attaches great importance to the cooperation between countries in implementing common policies, adhering to a free and open market. Engage with citizens of all OECD member countries. and in accordance with international regulations
In addition, the Finance Minister joined a subgroup to discuss tax and development issues. In which the current situation of international taxation was discussed. Guidelines for increasing transparency in developing countries and strengthening international tax capabilities.
