Thailand to increase investment incentives for Chinese-funded tire companies

On November 9th, Thailand’s current Prime Minister, Baouyu, who came to China to attend the APEC meeting met in Beijing with Zhang Jian, Chairman and President of Rubber Valley Group.

 

During the talks, Bayuhir highly praised Rubber Valley’s important platform role in the cooperative development of rubber tire companies in Thailand and Thailand’s rubber industry, and stated that it will base on the preferential policies for attracting foreign companies to invest in Thailand. To increase preferential policies for Chinese-funded tire companies to invest in Thailand, Thailand will provide the greatest support in terms of the land required for the establishment of China Rubber Tire Industrial City, or corporate income tax relief.

According to the introduction of Bayu, if Chinese tire companies invest in factories in Thailand, southern Thailand as the earliest natural rubber production area can be the first choice, and secondly, the emerging Northeast or East of Thailand can be the second choice. Pakyo suggested that companies can set up tire processing bases in the above two areas at the same time to effectively shorten the transportation distance of raw materials and save costs.

For the rubber supply chain system of Rubber Valley Natural Rubber Spot Trading Center, natural rubber and other agricultural products e-commerce platforms, Payu expressed its appreciation and proposed that the Ministry of Commerce of Thailand and the Investment Promotion Committee should jointly join Rubber Valley to promote the system in Thailand. Landing.

In response to the cooperation between Rubber Valley and Thailand’s North Bangkok’s Emperor Technology University in education, scientific research, and talent training, Bayu indicated that research innovation and talent training are important foundations for the future development of the Thai rubber industry.

The delegation of Shandong entrepreneurs to visit the Thai investment environment will visit Thailand on November 23-26. Zhang Hongmin, chairman of Shandong Rubber Industry Association, one of the organizers, Song Wenguang, chairman of Xingyuan Tire Group, Song Jitai, deputy general manager, and Liu Xingang, chairman of Weifang Yuelong Rubber, also attended the meeting. Provincial delegations paid great attention to the delegation to Thailand and stated that during the delegation's visit to Thailand, the relevant ministry leaders will be arranged to receive the delegation.

In the end, Batu affirmed again the important role of the Rubber Valley Model in the development of the Thai rubber industry. He also expressed the hope that Rubber Valley could lead the Chinese rubber and tire companies to Thailand to inspect the investment environment and step up their investment in Thailand.

Bayu said: "I hope Thailand's rubber industry can build on the Silk Road Economic Belt and the 21st Century Maritime Silk Road. With the help of the Chinese Rubber Industry and Rubber Valley, Thailand's natural rubber will have added value."

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