The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) sub-regional economic cooperation was an initiative formed in 1993 by the governments of Indonesia, Malaysia, and Thailand. The goal of IMT-GT is to push the private sector of the member states to be leaders in trading and investment, leading to economic growth. Furthermore, it aims to support regional economic development by exploiting their economic advantages as their similarity in geography, e...
The Thai Rubber Association (TRA) has been following up on the progress of the EU regulation on deforestation-free products. The products exported from Thailand that may be affected include rubber, wood, cattle, cocoa, coffee, palm oil, and soy. Rubber and rubber products will be the most affected, as the value of Thailand's exports to the EU exceeded 1,700 million USD in 2022.
The Thai Rubber Association (TRA) organized the annual dinner 2023 at the Centara Grand At CentralWorld in Bangkok on Friday, May 12, 2023. The annual dinner was numerously attended by over 1,000 guests, including delegates from various government agencies, private organizations, dignitaries, and rubber businessmen in the country and international. It was our great honor to invite Dr. Kaveechatt Silapapiphat, Chairman of the Rubber Authority of Thailand...
The rubber situation in 2023 is expected to improve due to the global economy recovering from the COVID-19 epidemic crisis. Particularly, China has relaxed the COVID-19 control measures. It is expected that the Chinese economy tends to improve. The International Monetary Fund (IMF) expects the global economy to expand by 2.9% in 2023 and 3.1% in 2024. However, rising inflation is a factor slowing the economy and prone to a recession in the future. Meanw...
The Thai Rubber Association (TRA) has been established for 71 years. Presently, TRA has 39 companies as members. TRA’s administration is based on the principles of transparency and good governance, aiming to protect and strive for the interests of its members and the rubber trade sector as a whole. TRA plays a significant role in cooperating with public agencies, private agencies, smallholders, and international rubber organizations. Another important...