On 5 June 2024, H.E. Mr. Maris Sangiampongsa, Minister of Foreign Affairs, met with the Honorable Gina Raimondo, U.S. Secretary of Commerce, during his visit to Singapore to attend the Indo-Pacific Economic Framework (IPEF) Ministrerial Meeting and IPEF Clean Economy Investor Forum in Singapore.

Both sides reaffirmed their commitments to work closely to enhance the long-standing Thailand – U.S. relations and partnership. The Foreign Minister promoted the cooperation and investment opportunity in Thailand’s targeted industries, especially in semiconductor, clean energy, infrastructure, and digital economy, as well as followed up on further cooperation as a result of the Secretary’s visit to Thailand together with the President’s Export Council delegation in March 2024. The Foreign Minister also shared updates on progress related to Thailand’s efforts and measures to facilitate more investment, as well as Thailand’s bid to join the Organization for Economic Cooperation and Development (OECD) membership.     

In addition, both sides discussed on advancing cooperation under IPEF framework and welcomed its progress, especially on Pillar III Clen Economy and Pillar IV Fair Economy. As for Pillar II Supply Chain, Thailand has already deposited the instrument of ratification to become a party to IPEF Pillar II Agreement on Supply Chain Resilience. On this occasion, both Thailand and U.S. also discussed next steps for IPEF cooperation which will help support high standard trade and investment, as well as sustainable growth in the region.