Japan · Nation Thailand
From the ABAC to the IMF: A financial milestone for Thailand
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The eyes of the Asia-Pacific business community have turned toward Bangkok as Thailand hosts the third APEC Business Advisory Council, or ABAC, meeting of 2026.
Key facts
- In October, Thailand will once again welcome the world for the 2026 Annual Meetings of the IMF and the World Bank.
- The country introduced a unified QR code standard, Thai QR, in 2017 and subsequently expanded cross-border QR payment linkages with Cambodia in 2020, followed by Viet Nam, Malaysia, and Indonesia in 2021
- The 2025 Bangkok Joint Statement by the Global Partnership against Online Scams is a landmark international statement adopted in December 2025 at an international conference co-hosted by Thailand and the United Nations Office on Drugs and
- In 2022, five economies — Thailand, Singapore, Australia, New Zealand, and Japan — successfully participated in the electronic interconnection of trade platforms, as well as in a pilot project involving actual users between Thailand and
- In January 2026, the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, or CPTA, entered into force for Thailand
- The Bangkok Goals on Bio-Circular-Green Economy, adopted at APEC 2022 in Thailand, underscore the importance of addressing environmental challenges comprehensively, including by mobilizing finance and investment for sustainability and
Summary
THE OPINION
ABAC serves as the official voice of business in the APEC process, providing private-sector perspectives to APEC Leaders. In October, Thailand will once again welcome the world for the 2026 Annual Meetings of the IMF and the World Bank.