Bueng Kan province has signed the Memorandum of Understanding (MOU) with the Qing Dao City of China aimed at solving the rubber price issue. The governor of Bueng Kan Pongsak Preechawit has welcomed a group of delegates from Qing Dao, China on their official visit to Bueng Kan to observe the rubber plantation and rubber processing, to seek economic cooperation in terms of trade, investment, and tourism, and to prepare the establishment of the sister cities agreement of Bueng Kan province and Shibei District…Full Article: National New Bureau of Thailand Dec 2014

Key Point

  • The CEO of Rubber Valley Co. (Qingdao, Shandong Province), part of the Chinese delegation, suggested that River Valley could create an e-commerce site to market Thai silk, fruit, flowers, and other agriculture good from Thailand.

ChinaAg Comment

  • From 2009 to 2013, mainland China imports of Thai natural rubber (HS 4001) increased from 886,691 MTs to 1.4 million MTs, or by 62%. From 2009 to 2013, Hong Kong imports of Thai natural rubber (HS 4001) decreased 5,224 MTs to 2,591 MTs.

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