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“Pichai” warns “Big Tu” that he will deal with 5 issues of “Joe Biden” politics
Date 12 Nov 2020 Time 10:01
Pheu Thai’s Deputy Director of Economic Affairs has warned “Prayut” to address five issues about Joe Biden’s policy, believing that Thailand will be under pressure on democracy and human rights violations, worried about failure.
On November 12, 2020, Phichai Naripthaphan, Deputy Leader of the Pheu Thai Economic Party, said that he wanted General Prayut Chan-o-cha, Prime Minister and Minister of Defense, to prepare for US policy to change under the leadership of the new president Joe Biden, who will take office early next year, according to Joe Biden’s campaign. It is believed that the United States’ trade protectionist policy towards the world should be relaxed. But the trade war policy with China is likely to persist. This is because the US would want to slow down the growth of the Chinese economy, not overtake the US so quickly. He wants General Prayut to study and prepare to face 5 problems as follows
The first is about CPTPP because there is a high probability that the US under Joe Biden’s leadership would return to the CPTPP, or the so-called TPP, where the US was initially under President Barack Obama, but stopped as President Donald. . Trump, so the Democrats have returned to a new government There is a great chance of reviving this one in which Thailand has to consider the advantages and disadvantages of participating or not participating.
However, from the data that has been studied, it is found that For Thailand to join the CPTPP, Thailand may be at a disadvantage and have problems with agricultural and drug patents. They are not sure how much to trade But if Thailand does not participate at all We may be out of the trade and investment process that will occur now and in the future. It will also include the country’s production chain (supply chain) among the members in the future as well In which Thailand has to calculate the results and negative effects before making a decision and inform the public of the benefits and disadvantages in any number . The more the Thai economy worsens AND I want a chance to revive The more you have to consider the matter carefully However, if you decide to join CPTPP, you need to consider how you can help or heal affected groups. Especially with low-income farmers who will be affected
In the past, it was calculated that if Thailand did not participate in CPTPP, should the US join, it will negatively affect the Thai economy by up to 5% of GDP, which is not sure whether the damage will actually be that big or not. If true, it is very high. Because the supply chain system between all member states must also be considered.
The second is that Joe Biden has announced that he will return to the Paris Agreement. Which President Donald Trump has retired. The United States may be more interested in global warming, the use of fossil energy. Especially from coal, it will decrease. And countries will also be monitored for energy consumption and carbon emissions to the atmosphere. That Thailand has to be careful and prepared in this matter. The Indonesian coal mining company, which the government approved by the cabinet to buy the EGAT subsidiary, is worth more than 11.7 billion, which will probably generate a huge loss. That I had warned before
Story 3: Joe Biden announces that he will raise taxes for the rich. It will increase corporate taxes from 21% to 28% and the highest personal tax increase from 37% to 39.6% and a low wage increase from $ 7.25 to $ 15 an hour, which affects businesses in the United States. And it may result in a relocation of production bases. Thailand may have the opportunity to benefit if Thailand is once again accepted by the United States and the international community.
Fourth, Joe Biden has a plan to spend a massive $ 2 trillion budget and a policy of reduced protectionism. It will make the US dollar weaker AND make the baht even stronger This will greatly affect Thai exports and the economic recovery of the Thai economy, but analysts expect the US dollar to drop 35% next year due to the deterioration of the US economy. Therefore, the government and the Bank of Thailand must take care of the depreciation of the baht currency. However, the state of the Thai economy is very negative and Thai exports are very negative. If the baht continues to appreciate, it will further weaken the Thai economy.
The fifth, most likely affecting Thailand, is the Democrats’ approach of focusing on promoting real democracy and a rigorous review of human rights abuses. That General Prayut’s Government probably has many problems in this matter. Under a truly undemocratic constitution, 250 senators were appointed and the dissolution of the public assembly contrary to international principles. Even recently, the spraying of water on protesters in the Sanam Luang area
Joe Biden, a longtime American politician in Capital Hills, was a senator for 36 years and a vice president for eight years, so he is highly considerate and listens to the mainstream media. Major media outlets like The Washington Post have aggressively attacked General Prayuth for not being a democratic government and urged the US government not to have a normal relationship with General Prayuth and more recently. He also published news interviews of the Thai police who felt guilty for breaking the protest against international principles. And violating their own ethics. Ready to confirm that. Most of the police agreed with the protesters. This clearly shows that General Prayut’s government has violently violated human rights. What is believed that when Mr. Joe Biden took office General Prayut’s government may face more pressure. In addition to the two GSP cuts this year
These are just some of the things that will affect Thailand. That they had to follow each other to see what would be more
Therefore, it can be seen that the government of General Prayuth will have to face general problems, among them the large number of evictions. Most people are fed up with a failed administration. Debilitating economic problems AND you may have to cope with increasing international pressure This will make the general Prayut government unable to solve the country’s problems at all. The question is, how long will Thailand be burdened by General Prayut’s failure?
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