BANGKOK, JULY 25TH (XINHUA) - THAI PRIME MINISTER PRAYUT PRAYUTH STATED TO PARLIAMENT ON JULY 25TH THAT IN THE COMPLEX AND EVER-CHANGING GLOBAL ECONOMIC SITUATION, THAILAND WILL FORMULATE POLICIES TO ADDRESS TRADE PROTECTIONISM AND SUPPORT AFFECTED EXPORT INDUSTRIES.THIS IS THE FIRST TIME SINCE PRAYUT PRAYUT WAS RE ELECTED AS THE PRIME MINISTER OF THAILAND IN JUNE THIS YEAR THAT A NEW GOVERNMENT POLICY HAS BEEN ANNOUNCED IN PARLIAMENT. HE SAID THAT THAILAND WILL QUICKLY OPEN UP NEW EXPORT MARKETS AND EXPAND ECONOMIC AND TRADE COOPERATION.PRAYUT ALSO STATED THAT THE GOVERNMENT WILL ACCELERATE THE FORMULATION OF THE 2020 FISCAL BUDGET, IMPROVE THE EFFICIENCY OF FISCAL EXPENDITURE, AND VIGOROUSLY DEVELOP THE TOURISM INDUSTRY TO STIMULATE ECONOMIC GROWTH.PRAYUT SAID THAT IN ORDER TO ENHANCE THAILAND'S INTERNATIONAL COMPETITIVENESS, THE GOVERNMENT WILL FOCUS ON DEVELOPING A GREEN ECONOMY AND INCREASING EFFORTS IN TALENT CULTIVATION. IN ADDITION, THAILAND WILL ESTABLISH NECESSARY INFRASTRUCTURE SUCH AS 5G SYSTEMS TO CONTINUE PROMOTING THE DEVELOPMENT OF E-COMMERCE, SMART AGRICULTURE, AND ARTIFICIAL INTELLIGENCE.ACCORDING TO DATA FROM THE THAI MINISTRY OF COMMERCE, THE TOTAL EXPORT VALUE OF THAILAND IN THE FIRST HALF OF THIS YEAR WAS 113 BILLION US DOLLARS, A YEAR-ON-YEAR DECREASE OF 2.91%. OFFICIALS FROM THE MINISTRY OF COMMERCE STATED THAT DUE TO FACTORS SUCH AS THE GLOBAL ECONOMIC SLOWDOWN AND THE ECONOMIC AND TRADE FRICTIONS BETWEEN CHINA AND THE UNITED STATES, THAILAND'S EXPORTS HAVE BEEN DECLINING YEAR-ON-YEAR FOR FOUR CONSECUTIVE MONTHS AS OF JUNE THIS YEAR.