On November 9, the Thai Prime Minister, Ba Yu, who attended the APEC meeting in China, met with Zhang Wei, chairman and president of Rubber Valley Group in Beijing. He said that Thailand will increase the original preferential policies for attracting foreign-invested enterprises to invest in Thailand. The preferential policies for Chinese-funded tire companies to invest in Thailand, including the land and corporate income tax reduction required for the establishment of China Rubber Tire Industrial City, will be strongly supported.
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Ba Yu said that if Chinese tire companies go to Thailand to set up factories, the southern part of Thailand as the earliest natural rubber production area can be the first choice, northeast or eastern region can be used as the second choice. It is also recommended to open a tire processing base in the above two regions, which can effectively shorten the transportation distance of raw materials and save costs.
For the supply chain system of rubber valley natural rubber spot trading center, natural rubber and other agricultural products e-commerce platform, Ba Yu is very recognized, and proposed that the Ministry of Commerce and the Investment Promotion Committee of Thailand jointly dock with Rubber Valley to promote the system's landing in Thailand. . In response to the cooperation between Rubber Valley and Thailand's Northern Bangkok Shouhuang University of Science and Technology in education, research, and personnel training, Ba Yu said that research and innovation and talent cultivation are important foundations for the future development of the rubber industry in Thailand.
Finally, Ba Yu once again affirmed the important role of the rubber valley model in the development of the Thai rubber industry, and expressed the hope that Rubber Valley will lead Chinese rubber and tire companies to Thailand to investigate the investment environment and implement investment matters.