Thailand Finance Minister Ekniti Nitithanprapas said the country must prepare for potentially greater volatility in global financial markets after the U.S. election. According to Sina Finance, Ekniti told reporters Friday that Thailand needs to maintain fiscal discipline and strengthen its domestic economy amid global uncertainty. “We need to be prepared for the ups and downs in volatile markets. Our government will remain vigilant,” he said.
The Thai government will continue advancing a trade agreement with the United States to help Thai businesses, as the U.S. is a key market for Thailand’s exports. Thailand’s prime minister aims to persuade U.S. President Donald Trump to lower the tariff rate from 19%. Ekniti expects Thailand to continue benefiting from the artificial intelligence supply chain and attract more capital inflows.