Thailand's rubber industry will expand automobile tire market

House of Thai Industries, such as Sa Pa Vice-Chairman pointed out that Thailand is the world's largest rubber exporting countries, exports in 2010 will grow 10%, valued at 5,000 million baht. Court set a target of Thai Industries will work with Malaysia, Indonesia and Vietnam, competition, forecast the next 5 years to increase rubber exports to 8,000-9,000 million baht, will focus on enhancing the export value of Thailand's rubber exports of raw materials due to the current the proportion of 88%, only 12% of rubber processed products, export value totaled 1,500 million baht. Export of rubber and bakelite Payom Chairman of the Committee said that the next five years to increase rubber export processed the target is to raise the ratio of one-fold, from 12% to 24%, will promote the export value of rubber processed 1,600 since 2010 on the basis of 100 million baht to add a fold. To this end, Thailand will have the technology to draw foreign investors in the investment and rubber processing industry, such as the production of tires, many foreign companies are already stationed in Thailand, and in the future to attract more investors to enter. The current global annual demand for tires up to 1.1 billion, Thailand, only 2% of production tires, if they can effectively expand the market, will enable a substantial increase in rubber industry revenues. The Government must develop the right investment promotion policies, including improving the investment climate, reduce investment barriers and explicitly modify the tax law, in particular, the parent company in Thailand on overseas investment. Meanwhile, the Commerce Department's price control policy is also very important, and sometimes there is no need to force the intervention price, especially in a case of many manufacturers, as well as imported goods to compete, it should be a laissez-faire market mechanisms. In addition, processed for the rubber industry, the Government need to provide assistance in order to enable small and medium enterprises (SME) and steady development. In addition to focus on export production of tires, the Thai Industrial Court has set the target to increase exports of rubber gloves, over Malaysia's export figures.