Juti supports the government's push for Thailand to join the OECD, pointing out triple benefits: elevating the country’s status, cleansing the image of a gray business capital, and believing that success will attract investor confidence and create vast employment for Thai people.
On 22 June 2026, Juti Krairiksh, Chairman of the Finance, Banking, Financial Institutions, and Capital Market Committee of the House of Representatives, revealed progress on the government’s move to join the Organisation for Economic Co-operation and Development (OECD). He said the current government has announced its policy to parliament and received approval, with a key goal to elevate Thailand beyond the low-income trap, as citizens’ income has remained low for over a decade. Joining the OECD, a group of wealthy countries with high governance standards, will help raise Thailand’s standards to an international level.
Juti said that before membership approval, Thailand must improve governance systems to be transparent and clean in line with international standards, especially regarding credibility. The important milestone is the official application scheduled for 30 June 2027. Therefore, the country must strengthen and cleanse itself starting now. This will benefit Thailand in three ways: raising governance standards significantly; removing criticism and preventing anyone from labeling Bangkok, Thailand, as a gray business capital; and addressing chronic problems of corruption and drug issues that hinder national development. Solving these will build confidence among investors and the global community.
Juti added that the legislative branch will fully study, review, and propose recommendations to the government without overstepping into executive functions, as implementation is the government’s responsibility. The ultimate goal is the benefit of Thailand and its people. Legal amendments will require approval from all 500 members of the House of Representatives, so every vote is important for national progress. He expressed confidence in the Finance and Banking Committee, composed of knowledgeable, expert, and experienced members, who will work effectively and directly on issues without wasting time, ensuring good value for taxpayers’ money.
Asked about the pros and cons of OECD membership and the capital inflows into Thailand’s market, Juti said that if Thailand meets all qualifications and truly strengthens itself—not just superficially—foreign investors will gain great confidence. Committee data tracking capital markets shows that Thailand’s outstanding bond value currently reaches 18 trillion baht, four times the annual budget. Thus, joining the OECD will be a "small effort, big gain" investment. If Thailand’s capital market is clean, global investors will be willing to invest, helping to raise funds, create jobs, and offer huge opportunities for Thai people, while also increasing the country’s competitiveness internationally.