Natural rubber is a significant economic crop in Thailand. Since 1991, Thailand has been the world’s top producer and exporter of natural rubber. In 2021, Thailand had tapping areas of 3.50 million hectares with a yield of 5.17 million tons, 925,808 tons for domestic consumption, and 4.18 million tons for export (Rubber Division of the Department of Agriculture). Most rubber plantations, as well as rubber processing factories, are in the south of Thai...
The Russia-Ukraine conflict, which has been at war since February 24, 2022, has a wide global impact. The huge impact that affects many countries is rising crude oil prices in the world’s market. If the crisis is prolonged, crude oil prices will remain at a high level for the rest of this year. The industries that are highly affected include the construction business, sea and air freight, oil refineries, and real estate businesses. The Russia-Ukraine ...
The current committee of the Thai Rubber Association has been in charge of the operation since 2019. The operation of the committee is based upon the following principles: 1) to operate on the principle of transparency and good governance; 2) to corporate with government agencies and private sector both at local and international level; 3) to cherish close relationships with other rubber producing countries, particularly in Asia; 4) to act as a central ...
The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement between ASEAN and the five Asia-Pacific nations of Australia, China, Japan, Korea, and New Zealand. Together, these RCEP participating countries account for about 30% of the world’s gross domestic product (GDP) and 30% of the world’s population (2,252 million people). The RCEP Agreement has 4 significant features, as follows: 1) Modern: to improve the scope of the forme...
The global economy in the middle of 2021 has begun to recover in developed countries. Due to the reopening of many cities, the domestic demand accelerated, but at the end of the year 2021, there was an outbreak of the new variant of the COVID-19 called "Omicron" in more than 90 countries around the world, which caused people as well as investors around the world to be worried about the situation again. The Federal Reserve System (FED) has revised the US...
