Following Prime Minister Prayut Cha-o-cha’s visit to Hangzhou, China during 4 – 5 September 2016 to participate in the G-20 Summit in the capacity as Chairman of G-77, Thailand’s views on issues discussed at the G20 Summit in all its 5 sessions are as follows:

Session I – Strengthening Policy Coordination and Breaking a New Path for Economic Growth

 - China’s invitation of Thailand to G20 as Chair of G77 reflects China’s proactive role as a bridge builder between G20 and G77 and in line with the priority of this Summit on development agenda.

- It is important time for developed and developing countries to join forces through new form of partnership which can be achieved in 3 ways;

  1. encouraging G20 and G77 to work closely towards more coordinated and integrated policies,

  2. prioritizing structural reforms focusing on human capital development, Science, Technology and Innovation and SMEs, and

  3. enhancing the participation of all stakeholders: public, private and the people.

Session II – More Effective and Efficient Global Economic and Financial Governance

- Supporting further advancement of the IMF reforms to increase rights and voices of developing countries. Reforms must be inclusive.

- Supporting the anti-corruption agenda as an important element for effective and efficient financial governance.

Session III – Robust International Trade and Investment

- Call for the elimination of trade barriers and enhancing developing countries capacity in trade negotiation and the ability to take part in the global value chains.

- Promoting private investment in sectors that answers to the 2030 Agenda.

Session IV – Inclusive and Interconnected Development

- Promoting global partnership for sustainable development that must be inclusive and corresponds to the needs of everyone.

- Encouraging connectivity development in hardware, software and people-to-people which is key to help reduce development gap. Commend China and G20’s initiative on Global Infrastructure Connectivity Alliance and AIIB, OBOR, all of whose work can complement other existing development mechanisms.

- Building economic strength from within where each country can have its own suitable economic development model. As for Thailand our home-grown approach is the “Sufficiency Economy Philosophy” which emphasizes sustainability, moderation, broad-based development that is inclusive and incorporates the involving participation from all sectors of society.

Session V – Other Issues Affecting the World Economy

- Addressing security challenges such as terrorism and migration that affect economic development (Global Common) at their root causes.

- Promoting global cooperation to address climate change problem which is harmful to food security, poverty reduction and implementation of the 2030 Agenda.

- Thailand is willing and ready to collaborate with everyone especially in ASEAN and Asia in advancing global economic growth. In this regard, Thailand will host the 2nd ACD Summit in Bangkok on 10 October 2016.