(Bangkok) -The Ministry of Commerce has led a delegation to penetrate the export markets for lowered-priced rubber and palm oil to India which has over a billion population and all levels of consumers.
A major Indian tire manufacturers has assured to buy Thai rubber products within this year.
Acting Commerce Minister Chutima Boonyapraphat and executive officials of the Department of International Trade Promotion have visited India to expand the export markets for Thai farm goods while the major tire manufacturer in Chennai assured to buy Thai rubber products as raw materials for tire industry and suggested that the Thai authorities recommend reliable rubber suppliers for them.
V. Krisanaram, the chief executive officer of Emerald Resilient Tire Co., confirmed that his firm will import Thai rubber products this year due to the confidence of their qualities and competitiveness against other countries’ rubber products.
India is the world’s largest consumer of vegetable oil
His firm has earlier imported rubber products from Malaysia, Vietnam and Indonesia and never from Thailand as yet. Thus, the Thai rubber products will become new raw materials suppliers for India.
The Thai palm oil export to India is still being faced with a 50% import tariff