ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Somkid Jatusripitak, Deputy Prime Minister of Thailand, speaks at the Future of Asia conference on June 6.
Politics

Thai Deputy PM: Recent global changes present chance to 'reorder' the world

Somkid calls for close collaboration among Asian nations, supports globalization

KENTARO IWAMOTO, Nikkei staff writer | China

TOKYO -- Thai Deputy Prime Minister Somkid Jatusripitak said that the world has recently undergone enormous changes, as evidenced by rising protectionism and increased tensions on the Korean Peninsula. Speaking at the annual Future of Asia conference in Tokyo on Tuesday, Somkid explained that this situation presents a chance to change the world order. 

"We must admit that over a short period of just one year, the world has changed enormously," Somkid stated at the beginning of his 30-minute speech, citing the United States' protectionist policies and Brexit. "It is therefore a challenge for us, especially for Asian nations, to turn to each other, to collaborate, and to adapt and reorient ourselves in order to leverage Asia's strengths."

The deputy prime minister stressed that the current state of affairs presents opportunity. "Amidst the clouds of uncertainties and instabilities that have shaken the old world order, [and] the added anxieties pressuring the already fragile global economy, [there] is an opportunity to reorder the world," he said. "[An opportunity] in which I am confident that Asia will play a more significant role."

"How well we can take advantage of the opportunity depends on how closely we collaborate, and on how many of the tasks and responsibilities we are willing to shoulder for our collective future," he stated.

To overcome challenges and increase Asia's potential, Somkid mentioned "four crucial factors" that are important to the region: connectivity, in terms of transportation, capital, labor and other factors; integrated development strategy; human capital development for the digital age; and peace and mutual trust.

Somkid said he supports globalization efforts, and thus acknowledges China's Belt and Road initiative as well as Japan's plan to promote the Trans-Pacific Partnership trade pact, despite the withdrawal of the U.S. Moreover, he said the Regional Comprehensive Economic Partnership, a proposed trade pact among 16 countries, will bring "substantial benefits" to member nations.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more