BANGKOK, Dec 8 — Eight Chinese rubber processing entrepreneurs are interested in investing in Thailand, said Deputy Minister of Agriculture and Cooperatives Amnuay Patise.
His remarks were made following a recent visit to China where he had talks with officials and businessmen.
Two rubber operators have already applied for promotional privileges from the Board of Investment (BoI), Mr Amnuay said.
In China, Mr Amnuay discussed protectionist trade measures imposed indirectly by Beijing with Chinese officials and businessmen, as China reduced Thai rubber use in manufacturing plastic products to 88 per cent from 99 per cent earlier.
He urged the Chinese government to return to using the Thai rubber as before.
The success of Chinese rubber processing operators wishing to invest in Thailand followed last month’s BOI-organised seminar with more than 50 Chinese businessmen discussed possible business cooperation with their Thai counterparts.
Several Chinese tyre manufacturers already invest in the business in Thailand, in line with the Thai government’s policy to persuade to invest in the rubber industry so that rubber prices could increase.
