Thailand’s international agriculture strategies for 2012-2016 focus on creating confidence in Thai agricultural products and food in order to strengthen the country’s farm sector on a sustainable basis. The strategies were approved by the Cabinet, during its meeting on 13 March 2012, following a proposal by the Ministry of Agriculture and Cooperatives.
They seek to enhance the competitiveness of Thailand’s agricultural and food businesses, develop the quality of Thai food and other agricultural products for both traditional and emerging markets, and promote cooperation with the international community under various cooperative frameworks. During the five-year period, the Ministry of Agriculture and Cooperatives will prepare for holding international negotiations to ease the problem of protectionist measures imposed by foreign countries. It will also step up public relations campaigns to promote Thailand’s agricultural commodity and food standards and make them better known in the international market.
The objective is to develop Thailand as a center for food trade and food production of high quality
In order to develop international cooperation with foreign countries, the Ministry will work in partnership with international organizations for research and development, as well as technology transfer. It reported to the Cabinet that the five-year strategies are in line with the Government’s polices presented in the National Assembly in August 2011. According to the policies, the Government will expand the role of agricultural and food businesses, which have long been Thailand’s national income and employment sources.
The objective is to develop Thailand as a center for food trade and food production of high quality in order to meet the demand of consumers with high income and unique preferences. Moreover, the Government will strive to develop Thailand to be the center of futures markets for such agricultural commodities as rice, sugar, and tapioca. The move will help accelerate the country’s ambitious project to turn Thailand into the “Kitchen of the World.” Regarding the agricultural sector, the Government will increase crop productivity through research and development on crop strain improvement, develop production technology, and transfer research knowledge to farmers, so that they can use crop strains and technologies that are appropriate to local conditions. It will also develop value-added agro-industries to increase Thailand’s competitiveness in the world market. Efforts will be made to upgrade the quality of Thai agricultural goods, so that they will gain greater recognition in foreign markets. Apart from expediting negotiations on various agreements concerning Thailand’s agricultural commodity and food standards, the Government will boost Thailand as the Kitchen of the World, in terms of agricultural products, food, and the country’s agricultural investment overseas. Inside Thailand — Thailand’s International Agriculture Strategies for 2012-2016
Finance Ministry cuts economic growth outlook to 2.8%
The Ministry of Finance has now cut the country’s economic growth outlook to 2.8%, from the previous 3%.
We’ve entered the Asian Century and there is no turning back
In the nineteenth century, the world was Europeanized. In the twentieth century, it was Americanized. Now, it is being Asianized – and much faster than you may think.
Asia’s rise has been swift. Home to more than half of the world’s population, the region has climbed from low- to middle-income status within a single generation. By 2040, it is likely to generate more than 50% of world GDP, and could account for nearly 40% of global consumption.(more…)
EIC Export growth forecast for 2019 is maintained at -2.5%
Without a clear signal of export recovery, EIC views that during the 4th quarter of 2019 the export contraction momentum will continue
Although China and the US reached a preliminary trade agreement on October 10-11, 2019, the ongoing trade war should still drag on, pressuring export growth throughout the remainder of the year. Hence, EIC maintains its -2.5% export growth forecast for 2019.(more…)
Thailand among top five countries for salary hikes
Thailand is among the top five economies in the world to see real salary increases and is likely to see...
Thailand Ecommerce Market: Shooting For Success
At present, the Thai ecommerce market is valued at USD 3.5 billion. According to a Google Temasek study, Thailand’s e-commerce...
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise
The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing...