China · Thai Examiner
Commerce Minister Suphajee talks about gold in an economy and world driven by US-China trade rivalry
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Thailand is betting its future on more than exports, with the government using gold, diplomatic neutrality and expanding trade deals to strengthen the kingdom’s position as global rivalry between Washington and Beijing reshapes international commerce
Key facts
- Thailand exported goods worth US$162.09 billion between January and May, an increase of 17% compared with the same period last year.
- Thailand is betting its future on more than exports, with the government using gold, diplomatic neutrality and expanding trade deals to strengthen the kingdom’s position as global rivalry between Washington and Beijing reshapes
- Global tensions in trade as Thailand seeks balanced diplomacy between Washington and Beijing
- Ms Suphajee made the remarks while opening the Thailand Gold Summit 2026 on July 5 in Bangkok
- China investment, stronger supply chains and wider export markets are the next stage of Thailand’s trade
- Neutrality, geography and free trade agreements underpin Thailand’s strategy to attract global investment
Summary
Gold has emerged as far more than a traditional safe-haven investment, with Deputy Prime Minister and Commerce Minister Suphajee Suthumpun declaring it a strategic asset at the heart of Thailand’s future economic ambitions as US-China rivalry reshapes global trade. She argued Thailand is well placed to capitalise on the changing world economy through diplomatic neutrality, expanding free trade agreements and stronger supply chains.
Deputy Prime Minister and Commerce Minister Suphajee Suthumpun has described gold as a strategic asset at the centre of a rapidly changing global economy.