Economy
Thai Government Supports 64 SMEs to Expand via FTA Markets
Deputy Prime Minister and Minister of Commerce Supajee Suthumpun has launched an initiative to help 64 small and medium-sized enterprises access Free Trade Agreement (FTA) markets, aiming for a value of 571 million baht.
On September 17, 2026, Deputy Prime Minister and Minister of Commerce Supajee Suthumpun presided over a ceremony at the Ministry of Commerce to honor 64 small and medium-sized enterprises (SMEs) that successfully completed a business planning program. According to Prachachat Business, this initiative, titled 'Boost,' is designed to assist local businesses in navigating and penetrating markets covered by Free Trade Agreements (FTAs).
The government aims for this project to generate an economic value of approximately 571 million baht, facilitating the growth of these enterprises as they prepare to compete in the global market. By leveraging FTA frameworks, the Ministry of Commerce intends to reduce trade barriers and provide a clearer pathway for Thai products to reach international consumers.
For residents and business owners in Thailand, this development signals a continued government focus on strengthening the SME sector, which serves as a backbone for the national economy. Increased export activity may lead to more diverse product availability and potential job creation within these sectors. It remains to be confirmed how these specific businesses will be supported in the long term and which specific FTA regions will be prioritized for their initial expansion efforts.
