Supachai Discusses Food Security with Singapore During APEC to Boost Thai Rice and Meat Exports
Thailand and Singapore agreed to establish a food security framework during an APEC meeting, with rice as the first product and plans to expand to meat, eggs, and seafood to strengthen bilateral trade ties.
Deputy Prime Minister and Commerce Minister Supachai Panitchpakdi met with Singapore's Sustainability and Environment Minister Grace Fu on May 22, 2026, during the APEC Trade Ministers Meeting in Suzhou, China to discuss food security cooperation mechanisms, multilateral trade agreements, and expansion of rice and agricultural exports to increase bilateral trade and investment opportunities.
Supachai revealed that both sides exchanged views on the volatile global trade situation caused by various factors and agreed to strengthen economic and trade cooperation, particularly on food security and supply chain resilience. Thailand proposed elevating cooperation from general trade to a food security framework during crisis periods, focusing on product volume and price stability. Rice was identified as a key starting product, with plans to expand cooperation to other consumer goods including chicken eggs, meat products, canned food, and seafood ingredients. Both sides agreed to closely collaborate on perishable goods and proposed organizing technical workshops to develop concrete and practical cooperation guidelines.
Singapore's expertise in trade management and supply chain systems positions the two countries to become strong supply chain partners. Thailand also pushed to accelerate the Singapore-Thailand Enhanced Economic Relationship (STEER) meeting to this year instead of 2027 to keep pace with rapid global economic and geopolitical changes. Singapore invited Thailand to join the Future of Investment and Trade Partnership (FIT P) framework with over 16 member countries to strengthen supply chain, digital trade, and innovation cooperation. Thailand signaled positive interest but requires domestic approval before formal participation. Both nations emphasized the importance of ASEAN regional cooperation in addressing crises such as food and energy security.
Singapore ranks as Thailand's third-largest ASEAN trade partner and ninth globally. Two-way trade in 2025 totaled $19.66 billion (up 10.75%), with the first quarter of 2026 reaching $6.72 billion, comprising Thai exports of $4.48 billion (up 86.33%) and imports of $2.23 billion (up 31.67%).