The government has highlighted the importance of close public-private cooperation in supporting sustained economic growth across the Asia-Pacific region, saying such collaboration will also help advance Thailand's ambition of becoming a regional investment hub.Speaking at the third 2026 meeting of the Asia-Pacific Economic Cooperation (Apec) Business Advisory Council (Abac) in Bangkok yesterday, Prime Minister Anutin Charnvirakul said the private sector plays a vital role in shaping practical economic policies and should work closely with governments to address emerging challenges.
Addressing business representatives from Apec member economies, Mr Anutin said Abac has consistently produced valuable policy recommendations that have influenced regional economic initiatives, making it an important mechanism for conveying the real-world experiences of businesses to policymakers.
He said the government has placed increasing emphasis on listening to the private sector, adding that senior executives and business leaders have been invited to Government House in recent months for regular discussions on improving Thailand's investment climate.
According to Mr Anutin, businesses have repeatedly pointed out that the biggest obstacles to investment and job creation are often unnecessary regulations and administrative procedures rather than a lack of government incentives.
