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Bright prospects for Thai agricultural investment in ASEAN

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Bright prospects for Thai agricultural investment in ASEAN
By Digital Content

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BANGKOK, July 4 -- The Office of Agricultural Economics (OAE) pointed out that Thailand has considerable opportunities to expand its agriculture in other Southeast Asian nations, especially those sharing its border or near it.

Bhumisak Rasri, director of the OAE Agricultural Economic Operation Centre, said the formation of the ASEAN Community in 2015 would bring about such opportunities in other ASEAN countries that are sources of abundant resources and large markets.

He recommended Cambodia, Laos, Myanmar and Vietnam in particular.

Mr Bhumisak said that Thailand should invest in organic farming, advanced agriculture, rice mills, aquaculture and the production and processing of aquatic animals in Cambodia.

In Laos, Thailand should invest in the production and processing of farm products, livestock development, and freshwater fisheries in the Mekong River.

Meanwhile, the Myanmar government is promoting investment in all kinds of agriculture and the potential enhancement of farmers in its country.

Mr Bhumisak also recommended agro-industries, food processing and the manufacturing of para rubber products in Indonesia.

He encouraged Thai investors to thoroughly study the countries where they want to invest.

Last year the lion's share of Thailand's foreign direct investment in Southeast Asia went to Singapore (Bt233.508 billion), followed by Bt89.287 billion to Indonesia, and Bt89.265 billion to Malaysia. (MCOT online news)

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-- TNA 2014-07-04

If Lao or Khmer investors started farming in Thailand 2015 I am sure the Thais would be very happy, isn't farming one of those occupations only Thais can do?

wait ... we non thai cannot even buy 1 rai, but good for old thailand, that they can go buy up land in other countries and make good profits ?

hypocrits

Some very good advice on offer here to Thai investors telling them go and thoroughly study the country where they want to invest...! whistling.gif

What did he think they were planning to do, visit a fortune teller and get them to pick a card?

Some very good advice on offer here to Thai investors telling them go and thoroughly study the country where they want to invest...! whistling.gif

What did he think they were planning to do, visit a fortune teller and get them to pick a card?

Naah just buy the appropriate amulet

not sure Thais invested so much in Singapore agriculture.

If the investment climate is favourable, investors will seize the opportunity. They rarely miss opportunities. It is up to the various governments to create the right situation for foreign investment.

But, if they wish to encourage investment in agriculture and food production, why not encourage it at home in Thailand.

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