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Tuesday, May 7, 2024

Thai rubber industry gets 2 billion baht boost to increase global competitiveness

The Thai Finance Ministry has joined forces with the Thai Chamber of Commerce, and the Rubber Authority of Thailand to launch the Capital Flow in Rubber Industrial Estate project, aimed at enhancing the competitiveness of businesses in the rubber supply chain on a global scale.

The rubber and rubber product exports amount to over 680 billion baht annually, with more than 6 million people participating in the supply chain, from upstream to downstream sectors, including farmers.

This collaborative effort, involving the Thai Chamber of Commerce, the Thai Board of Trade, the Rubber Authority of Thailand, the Thai National Shippers’ Council (TNSC), and the Thai Credit Guarantee Corporation, is designed to provide access to capital for entrepreneurs, particularly small and medium-sized enterprises in the Thai rubber industry.

Finance Minister Arkhom Termpittayapaisith…

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