Commerce Ministry to Reform System, Protect SMEs and Cut Living Costs
Post Today
Key summary
Phonpong Nainaphakorn, Deputy Minister of Commerce, announced a reform plan following a meeting on October 14, 2026. The ministry aims to eliminate nepotism, modernize outdated rules, and measure progress by results. Key initiatives include reducing living costs, protecting SMEs, and combating 'gray capital' (market dominance). The strategy focuses on balancing three pillars: people, work, and organization. With approximately 3,916 civil servants, the ministry will promote merit-based promotions over connections. Work priorities include ensuring fair trade for SMEs against large corporations, stabilizing agricultural prices through better planning with the Ministry of Agriculture, monitoring essential goods prices, and expanding trade channels via e-commerce and global supply chains.
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Source report
Post Today
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