Ministry of Commerce Moving forward to drive the development of innovation for products made from rubber. Integrating cooperation with government agencies Educational institutions and the private sector emphasize furthering research along with creating additional commercial value. To create variety and stand out for Thai rubber products when competing in the world market.
Ms. Natthiya Suchinda, Deputy Director-General of the Department of International Trade Promotion (DITP), Ministry of Commerce, said that rubber is one of Thailand’s important economic crops. Thailand’s exports of rubber and rubber products have an average annual value of 590,000 million baht. In 2022, the total export value was 658,000 million baht, and in the first 7 months of 2023, the value was 336,357 million baht. Important export markets are: China, the United States and Japan. Thai rubber products have a good image. Recognized for its quality and standards from around the world. Thailand is the world’s number 1 exporter of processed rubber, especially concentrated latex and smoked rubber sheets.
The Department of International Trade Promotion It has an important mission to develop and promote international trade for Thai agricultural products. Rubber is one of the agricultural products that are important to the national economy. Therefore, expanding market opportunities Creating added value and diversity Including developing the competitiveness of Thai entrepreneurs in doing international business. Using the strategy of integrating cooperation between partner agencies. It will help push for the expansion of trade channels. as well as reducing trade barriers Leading to the signing of a three-party memorandum of understanding to promote the marketing of innovative rubber products between
Department of International Trade Promotion Prince of Songkla University and the Federation of Thai Industries In the past July 2023, this cooperation
However, all of the aforementioned agencies have scheduled a project to promote the marketing of innovative rubber products, such as the first Natural Rubber Innovation Matching Day activity, with 11 companies and 19 entrepreneurs participating in the activity. There are in-depth consultations with experts. Researched 11 pairs, examples of interesting rubber innovations such as shock-absorbing materials made from rubber. Rubber foam mixed with zeolite to reduce fire spread. Process for preparing recycled rubber or devulcanized rubber from natural rubber glove waste. Medical simulation equipment for practicing insulin injections The signing ceremony of the Memorandum of Understanding (MOU) for the 2nd Natural Rubber Innovation Matching Day activity had 29 companies expressing their desire to participate in the activity, 48 of which were separated into the number of participants participating in the innovation presentation activity. 16 companies, 29 cases, in-depth consultations with 16 pairs of researchers, an
d online business matching (Online Business Matching)
In various activities These create full integration between government agencies. educational institutions and the private sector so that innovative rubber products from Thailand are known both domestically and abroad. Including creating connections with networks of farmers, entrepreneurs, investors, researchers, and the government sector, promoting further development of research results. Create additional commercial value It also promotes greater use of rubber in the country. Increase income for farmers Including reducing investment burden and saving time in product research and development for Thai entrepreneurs. The research on rubber can be further developed. Create variety and produce them into commercial products quickly and efficiently.
Source: Thai News Agency