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สาส์นจากนายกสมาคม TRA PRESIDENT VIEW
 
   PRESIDENT VIEW
   Enhancement of Thai Rubber Industry’s Competitive Advantage

Production and exports of Thai rubber is currently signaling a slowdown. Export of Thai primary-processed rubber in the first half of this year reached 2.31 million tons, down 9.18 % yoy. The year-to-date export value touched US$ 3.12 billion, down 14.46 % yoy (Custom Department). This downward trend is due to the slowing economy affected by Us-China trade war, which resulted in slowing global rubber consumption demand, especially in Chinese market, the world’s largest.

Thai rubber export sector is facing various challenges which impede competitive advantage of Thailand as compared to other rubber producing countries. Among those challenges are loan, currency exchange, cost of production and trade benefits. Financial institutes exercise more caution in granting loans to rubber entrepreneurs due to rubber business risks. Certain entrepreneurs ceased their operation due to insufficient financial support.

Chinese investors run joint venture with Thai rubber processers while big entrepreneurs expedite the listing of their companies into security exchange of Thailand for fund raising. Secondly, due to the continued appreciation of Thai baht to its 6-year high, Thai rubber prices are relatively more expensive than those of Malaysia and Indonesia. Thirdly, tyre manufacturers imported rubber from alternative markets like Africa and Latin America as well as newcomer like Myanmar due to lower cost of production and lack of cess. Fourthly, Thailand’s international trade negotiation were stagnant before the new government being elected. Meanwhile, Vietnam was successful in negotiating FTA with the EU. Malaysia, which is already a member of CPTPP enjoys tariff-free trade, which is a competitive advantage.

Thai government is expediting its schemes to enhance Thailand’s competitive advantage. Ministry of Agriculture and Cooperatives announced a policy “Marketing-led agriculture” to stay in tune with current global situations, maintain existing markets and find new markets. In addition, Ministry of Commerce is expediting the negotiation for FTA with the EU and pushing forward Thailand as the production and distribution base for the EU market. Furthermore, RCEP and CPTPP will also be put into negotiation.

The Thai Rubber Association is of the view that enhancement of competitive advantage is highly important in maintaining Thailand’s position as the largest rubber exporter and an important production base of rubber-finished products. It plays a big part in the further growth of Thai rubber industry.
Monthly of   August  2019     
     
  history  
 
[   August  2019 ]
icon Enhancement of Thai Rubber Industry’s Competitive Advantage

Production and exports of Thai rubber is currently signaling a slowdown. Export of Thai primary-processed rubber in the first half of this year reached 2.31 million tons, down 9.18 % yoy. The year-to-date export value touched US$ 3.12 billion, down 14.46 % yoy (Custom Department). This downward trend is d...

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[   July  2019 ]
icon Indonesia Malaysia Thailand Growth Triangle
Indonesia and Malaysia are the major trading partners of Thailand in ASEAN region. In 2018, Malaysia is the most important trading partner, followed by Vietnam and Indonesia. Thai-Malaysia trade totaled US$ 24.88 billion, with Thai trade deficit accounting for US$ 1.55 billion whereas Thai-Indonesia trade totaled US$ 18.20 billion, with Thai trade surplus accounting for US$ 2.29 billion (Ministry of Commerce and Custom Department). Thai-Indonesia trade ...
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[   June  2019 ]
icon The 16th Shanghai Derivatives Market Forum

Shanghai Futures Exchange (SHFE) is under the uniform regulation of China Securities Regulatory Commission (CSRC) and organizes the futures trading approved by CSRC. Currently, there are 14 futures contracts available for trading, including copper, aluminum, zinc, lead, nickel, tin, gold, silver, steel rebar, steel wire rod, h...

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[   May  2019 ]
icon TRA Annual Dinner 2019 and ARBC Meetings

The Thai Rubber Association organized the Annual Dinner 2019 on Friday, 3 May 2019 at Centara Grand Hotel, CentralWorld, Bangkok and hosted the 25th Technical Committee on Contract Matter Meeting and the 24th Assembly of the ASEAN Rubber Business Council (ARBC) on 4 May 2019. The...

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[   April  2019 ]
icon The role of Thailand in the International Rubber Association

The International Rubber Association (IRA) was inaugurated in Ottawa, Canada on 24 September 1971 through the cooperation of rubber associations in both producing and consuming countries. Currently, IRA consists of 20 members from 13 countries. The Thai Rubber Association is one of the initial members and a member of the Management Committee. With...

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