Commerce Ministry plans to expand GI product list to boost sales

[webfact]

Aiming to boost sales from geographical indication (GI) products to 60 billion baht (US$1.6 billion) by 2024, the Commerce Ministry is set to expand the GI product list by an additional 20 items this year.

 

Deputy Commerce Minister Napintorn Srisunpang highlighted the plan as a strategy to enhance the competitiveness of the agricultural sector. By utilising GI as a tool, it is hoped to add value to crops with geographical or cultural significance, subsequently leading to job creation and income generation for Thai farmers.

 

Currently, the number of GI-registered products stands at 198, a figure that the ministry intends to increase. The attention will be particularly directed towards promoting agricultural products as raw materials and items that can be transformed into finished goods. “Last year GI sales amounted to 50 billion baht (US$1.39 billion) and in 2024 the target is 60 billion,” Napintorn stated.

 

by Alex Morgan

Photo courtesy of Bangkok Post

 

Full story: The Thaiger 2024-02-12

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

 

[flyingtlger]

2 hours ago, webfact said:

By utilizing GI as a tool, it is hoped to add value to crops with geographical or cultural significance

I wonder if cannabis will be  included in the GI?

[hotchilli]

4 hours ago, webfact said:

Aiming to boost sales from geographical indication (GI) products to 60 billion baht (US$1.6 billion) by 2024, the Commerce Ministry is set to expand the GI product list by an additional 20 items this year.

Put what you like on the list, if people don't have the money they won't be buying.

[ourmanflint]

Avocados surely can't be GI? they are an imported species