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Jun 26, 2024

Thai PM emphasizes offset policy in military hardware procurement

Thai PM Srettha Thavisin has emphasized the need for armed forces to adopt an offset policy in procuring military hardware, aiming for reciprocal benefits. During a meeting with Swedish bank SEB and Saab AB, the PM discussed purchasing SAAB Gripen fighter jets and expressed a desire for technology development in Thailand. The offset policy applies to all procurement decisions for armed forces, and the government aims for significant benefits from the deals, including technological advancements and local manufacturing opportunities.

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