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New Economics Party (Thailand)

The New Economics Party (NEP) () is a political party in Thailand founded in March 2018 by Supadit Arkartruek.

The party first gained parliamentary representation in the 2019 general election, securing 6 seats through the party-list system. Initially, NEP joined the opposition bloc, but later shifted to support the governing coalition.

History

The New Economics Party was registered on March 2, 2018, and formally approved by the Election Commission of Thailand (ECT) on November 6, 2018.

In 2019, the party nominated Mingkwan Saengsuwan as its prime ministerial candidate, and its platform focused on economic reforms and social stability.

Election results

Leadership

Policies and Ideology

The NEP promotes economic liberalism and social conservatism, advocating for:

  • Pro-business policies to attract foreign investment
  • Welfare programs for low-income citizens
  • Judicial reforms to enhance public trust in institutions

Controversies

In 2020, internal disputes arose when some MPs voted against opposition-backed motions, leading to accusations of backdoor deals with the ruling coalition. This conflict contributed to the resignation of Mingkwan Saengsuwan.

References

  1. External links
  • Official Facebook Page
  • [Archived Website](https://web.archive.org/web/20190215030533/https://www.nep.or.th/)