Research on Countermeasures of Rice Industry Development in Thailand under the The Belt and Road

Last modified: October 26, 2019
Estimated reading time: 2 min

Project Title  :  Research on Countermeasures of Rice Industry Development in Thailand under the The Belt and Road
By                    :  Xiao Liu, Doctor Chai Thanichanun
Advisor          :  Doctor Chai Thanichanun
Degree           :  International Master in Business Administration
Major             :  Business Administration
Faculty          :  Graduate School
Academic year   :  2018


Abstract

Rice planting and rice international trade play an important role in the growth of Thailand’s economy. But in recent years, the cost of production has increasingly grown and competitors produce in large scale and decline the exported rice prices like India and Vietnam, which results in less advantage of Thai Rice. Accordingly, Thai Rice in export is confronted with grave challenges. Facing the complex and changeable market environment and the increasingly fierce international competition, strengthening the international competitiveness of Thai rice is of great significance to Thai rice industry and the whole economy.

Thailand is a country along “The Belt and Road” and with rich agricultural resources, unique social and economic resources. The use of “The Belt and Road ” along with other Asian countries’ economies to continuously advance domestic infrastructure, strengthen economic relations with China, and upgrade Thailand economic level. Thailand must work hard to seize the “The Belt and Road ” opportunity.

The paper discusses the Development Status of Rice Industry in Thailand and The Status of Thai Rice’s Foreign Trade from aspects of rice industry and rice trade, Thailand’s agricultural management system, Thai government’s formulation of policies related to rice production to problems faced, etc. The paper also outlined China’s “The Belt and Road ” and Thailand’s situation in ASEAN, and put forward the positive significance of the “The Belt and One Road” initiative for Thai agricultural products.

On the basis of it this paper analyzes the impact of Thai rice planting and trade domestic and international factors and market conditions,combined with the current production of rice in Thailand conditions for Thai rice SWOT analysis.

Finally, according to the above analysis, we propose improved plans and measures for the development of the rice industry in Thailand, reduce rice production costs, increase government support, promote agricultural modernization, implement deep processing strategies to increase product added value, and use the “The Belt and Road” initiative to actively expand the foreign trade market to enhance cooperation Levels to achieve the sustainable and healthy development of Thailand’s rice industry.

Keywords : Thailand, Rice industry, Export trade, The Belt and Road, SWOT.


Research on Countermeasures of Rice Industry Development in Thailand under the The Belt and Road

International Master of Business Administration (IMBA), Siam University, Thailand

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