webfact Posted February 4, 2015 Share Posted February 4, 2015 THAI-CHINATrade with China holds 'huge promise'Kwanchai RungfapaisarnThe NationTop executives pose for photos during the 'Future of Thailand and China in Asean' yesterday at Siam Paragon, including Boonsithi Chokwatana, chairman of Saha Group; Kraisorn Chansiri, chairman of Thai Union Frozen Products; Suthichai Yoon, chairman of Nation Multimedia GroupBANGKOK: -- Thailand should take advantage of its central geographical location in the heart of Asean given the Thai cur?rency is accepted in Myanmar, Cambodia, and Laos, to promote cross-border trade and investment with China.Saha Group chairman Boonsithi Chokwatana said that infrastructure as well as the logistics system will be the key driving factors for the Thai government in boosting trade rela?tions with both China and Asean member countries.Speaking at a forum yesterday on "The Future of Thailand and China in Asean", hosted by Thailand-China Business Council to celebrate the 40th year of diplomatic relations between Thailand and China, Boonsithi said the Chinese govern?ment's national agenda is focused on the development of heavy industry and infrastructure in the country. As a result, China has to import small products from other countries."Thailand should focus on small goods, such as powdered milk and foods. In the future, we [Thailand] need not set up factories in China but can export products to that country if the transportation network to China is already in place," said Boonsithi.He said that both the Thai government and business entrepreneurs had been doing quite well in balanc?ing trade relations with China and Japan, which are competing with each other in infrastructure develop?ment as well as trade and investment in other countries, including Thailand."From a business point of view, we should learn from the Japanese about modification of new business models, such as convenience stores. While from China, we should learn about speed in doing business. Chinese business people also dare to take risks," said Boonsithi.Speaking at the same forum, Kraisorn Chansiri, chairman of Thai Union Frozen Products, said the com?pany had started to expand its mar?ket for canned tuna in China 11 years ago with the setting up of a sales and marketing subsidiary in Shanghai."With its huge population, TUF sees China as having huge potential and that country will likely face short?age of fresh foods in the future. We, however, need to bear losses for the first five to eight years while educat?ing Chinese consumers and making them aware about our canned tuna products," said Kraisorn.He said the government had a pol?icy to expand investment overseas. Chinese business people have good techniques and knowhow as well as capital for investment. Thai entre?preneurs should take the opportuni?ty to forge business partnerships with Chinese investors.Kraisorn said that TUF had grown its canned seafood business from a single, 790-square wah factory with 150 employees and US$1 million in annual revenue 38 years ago to 35,000 employees around the world and annual revenue of $5 billion this year. The group expected its revenue to reach $8 billion in 2020. TUF cur?rently operates canned-seafood fac?tories in many countries around the world, including Vietnam, Papua New Guinea, USA, Canada, France, Poland and Norway.Panyapiwat Institute of Management (PIM) President Sompop Manarangsan said that the trade value between Asean and China was worth about $480 billion last year, the third highest after the European Union and China, at $625 billion and $550 billion respectively.However, the annual trade value between Asean and China is expect?ed to reach US$1 trillion by 2020."To benefit from the integration of Asean under the Asean Economic Community that takes effect this year, Thailand should take advantage of being a gateway for individual investors to enter mainland Asean," he said.Sompop said that Thai business people should capitalise on the Chinese network, the so-called |"Tae-Jiew Network" to connect with other Tae-Jiew communities in |other Asean countries, especially Cambodia, Laos, and Myanmar.Source: http://www.nationmultimedia.com/business/Trade-with-China-holds-huge-promise-30253427.html-- The Nation 2015-02-05 Link to comment Share on other sites More sharing options...
Bluespunk Posted February 4, 2015 Share Posted February 4, 2015 "Trade with China holds 'huge promise''' For china. 2 Link to comment Share on other sites More sharing options...
umbanda Posted February 5, 2015 Share Posted February 5, 2015 (edited) SURPRISED BY A STRONG THAI CURRENCY?I believe that the Thai bath may become even stronger. Thailand is financially healthier than most foreigners think, specially because, after China, its a strong exporting force.....and it is more business oriented than other ASEAN members, like Laos, Cambodia, Burma, and the Philippines.... If the PM awakes for Thailand needs of foreign business and training talents, like Singapore did, its country may have a big role in Asian economy and future. My only concern is the role of Burma on it..and WW3 in 2018...even believing that China and Thailand will not get involved on i.Its location and potential is important for ASEAN, and the fight for its control is already happening between China and the US. It is a lot of work to be done in very short time, and I hope the General will get all the help and support to succeed in the challenge. I do not have doubts that he will be the next elected PM before the end of this year. Edited February 5, 2015 by umbanda 1 Link to comment Share on other sites More sharing options...
tukkytuktuk Posted February 5, 2015 Share Posted February 5, 2015 Money number 1. Pro China, anti USA. What happened to the saying 'Don't put all your eggs in one basket'. China might have a hidden agenda. The year of the sheep has many sheep following one Shepard. 1 Link to comment Share on other sites More sharing options...
Somtamnication Posted February 5, 2015 Share Posted February 5, 2015 Wonder what happens when you sleep with the devil? 2 Link to comment Share on other sites More sharing options...
MaxLee Posted February 5, 2015 Share Posted February 5, 2015 "Trade with China holds 'huge promise''' For china. As well as for the rich and influential Thai CHINESE Elite.... Easier to make corruption deals with big brother China.... Made in China... 1 Link to comment Share on other sites More sharing options...
Popular Post BSJ Posted February 5, 2015 Popular Post Share Posted February 5, 2015 With so many Thai-Chinese families at the top of the business tree it's not hard to see where their loyalties lie! 3 Link to comment Share on other sites More sharing options...
Popular Post geriatrickid Posted February 5, 2015 Popular Post Share Posted February 5, 2015 The main premise of the essay is that Thailand should rely on exporting "small" products to China. How would this create well paying jobs or provide the revenue stream to fund innovation and infrastructure growth? Why should Thais be doomed to working low end jobs for the benefit of the Chinese who in return will sell Thailand the expensive profitable products? Basically the author is advocating that Thailand become a dependent vassal state of China. Brilliant. 6 Link to comment Share on other sites More sharing options...
yellowboat Posted February 5, 2015 Share Posted February 5, 2015 "Trade with China holds 'huge promise''' For china. Though the rice for rails deal may be flawed, there is nothing more effiicient than a steel wheel on a steel rail. Better transport will create mutually agreeable opportunities on both sides of the boarder. They only need to be sought out by the Thais. 1 Link to comment Share on other sites More sharing options...
timber Posted February 5, 2015 Share Posted February 5, 2015 Should have been a railway built to China twenty years ago. The writing was on the wall. I guess the politicians vision of the future is too ego-centric. China has no water, not enough food and one of the first purchases in social evolution is a higher standard of food. Link to comment Share on other sites More sharing options...
Ozziepat Posted February 5, 2015 Share Posted February 5, 2015 I am reminded of a joke about a flea and an elephant. Link to comment Share on other sites More sharing options...
wabothai Posted February 5, 2015 Share Posted February 5, 2015 They will kiss and lick anybody's behind to make a buck, No morals. Nasty!! 1 Link to comment Share on other sites More sharing options...
ratcatcher Posted February 5, 2015 Share Posted February 5, 2015 "Trade with China holds 'huge promise''' For china. Nana Plaza holds"huge promise" for some, and we all know what the outcome of that amounts to. 2 Link to comment Share on other sites More sharing options...
Anthony5 Posted February 5, 2015 Share Posted February 5, 2015 Shouldn't the thread title read ' Trade with China holds huge SURPRISE' 1 Link to comment Share on other sites More sharing options...
Bluespunk Posted February 5, 2015 Share Posted February 5, 2015 (edited) "Trade with China holds 'huge promise''' For china. Though the rice for rails deal may be flawed, there is nothing more effiicient than a steel wheel on a steel rail. Better transport will create mutually agreeable opportunities on both sides of the boarder. They only need to be sought out by the Thais. When dealing with China you need a long spoon. Like those who were exploited by the empire building nations of the past, there is only one winner when dealing with countries that require new markets to maintain growth or is resource hungry. It's not going to be the "trading partner". In this case it will be China. Look at what happened all over Africa, in the past and present. Edited February 5, 2015 by Bluespunk 2 Link to comment Share on other sites More sharing options...
geriatrickid Posted February 5, 2015 Share Posted February 5, 2015 Should have been a railway built to China twenty years ago. The writing was on the wall. I guess the politicians vision of the future is too ego-centric. China has no water, not enough food and one of the first purchases in social evolution is a higher standard of food. China has enough food. In fact it is a major exporter of food. Have a look at the frozen vegetables section of Walmart or Tescos - Depending upon the season, it comes from China. China benefits from a fairly stable food security. It is one of the reasons why it has been less aggressive in seizing additional lands from is SE Asian neighbors. Link to comment Share on other sites More sharing options...
bangon04 Posted February 5, 2015 Share Posted February 5, 2015 With so many Thai-Chinese families at the top of the business tree it's not hard to see where their loyalties lie! Looking at the photo in the OP it is not too easy to see which Chinese face is Thai and which is Chinese.. Link to comment Share on other sites More sharing options...
Just1Voice Posted February 5, 2015 Share Posted February 5, 2015 At this rate, in 20 years Mandarin will be the "official" language of Thailand. Link to comment Share on other sites More sharing options...
siampolee Posted February 5, 2015 Share Posted February 5, 2015 Thai trade with China holds 'huge promise' Might be a wise idea to actually come to understand what the comment ''Huge promise '' means in reality. Talk is cheap . Huge is a very useful adjective, used to describe almost everything and anything. It can have completly opposite connotations, it can mean, you're awesome! or you're gross! eeeh? eeehhhhhh?? Promise. Something people ask for when they are not confident in the other that they will come through with what they have said. Though most of the time they do not come through anyways. A promise is meant to be broken Link to comment Share on other sites More sharing options...
selftaopath Posted February 5, 2015 Share Posted February 5, 2015 The main premise of the essay is that Thailand should rely on exporting "small" products to China. How would this create well paying jobs or provide the revenue stream to fund innovation and infrastructure growth? Why should Thais be doomed to working low end jobs for the benefit of the Chinese who in return will sell Thailand the expensive profitable products? Basically the author is advocating that Thailand become a dependent vassal state of China. Brilliant. I agree; IMO The powerful ONLY view the average Thai citizen's worth is to supply cheap labor for their wealth. If the powerful really cared a/b the general population we would see evidence of it daily. But again it's the "me and mine" mentality of the minority in charge e.g. the real owners of Lack of Sanctions (LOS). Link to comment Share on other sites More sharing options...
h90 Posted February 5, 2015 Share Posted February 5, 2015 "Trade with China holds 'huge promise''' For china. Thais are also good in promise many things.... 1 Link to comment Share on other sites More sharing options...
smedly Posted February 5, 2015 Share Posted February 5, 2015 Maybe I missed something but are people here really suggesting that trading with one of the biggest potential markets in the world is somehow a bad thing - really ? Link to comment Share on other sites More sharing options...
Bluespunk Posted February 5, 2015 Share Posted February 5, 2015 Maybe I missed something but are people here really suggesting that trading with one of the biggest potential markets in the world is somehow a bad thing - really ? Long spoons Link to comment Share on other sites More sharing options...
Just1Voice Posted February 5, 2015 Share Posted February 5, 2015 Maybe I missed something but are people here really suggesting that trading with one of the biggest potential markets in the world is somehow a bad thing - really ? Yeah, when that "potential market" is only concerned with their own gains, and doesn't give a crap about what they do do your market. 1 Link to comment Share on other sites More sharing options...
shirtless Posted February 5, 2015 Share Posted February 5, 2015 They will buy big but you will be squeezed for every satang . Link to comment Share on other sites More sharing options...
Thai at Heart Posted February 5, 2015 Share Posted February 5, 2015 They have just discovered this? Wow. Where have they been dozing for the last 30 years. Link to comment Share on other sites More sharing options...
tso310 Posted February 5, 2015 Share Posted February 5, 2015 One huge advantage Thailand has over many other ASEAN countries is that they do not have territorial issues. South Korea, Japan, Vietnam and The Philippines all have issues, throw in problems with ethnic Chinese in Malaysia and Indonesia and that doesn't leave much. Link to comment Share on other sites More sharing options...
Nemesis7 Posted February 5, 2015 Share Posted February 5, 2015 Whats new? Thai makes such huge promises all the time with everything. Link to comment Share on other sites More sharing options...
Paulc01 Posted February 5, 2015 Share Posted February 5, 2015 Real bad timing to tie yourself to China just before its opaque, corrupt economy collapses. The smart money has been leaving China. Enter, the bagholders. Link to comment Share on other sites More sharing options...
rametindallas Posted February 5, 2015 Share Posted February 5, 2015 At this rate, in 20 years Mandarin will be the "official" language of Thailand. Yes, and the Thais won't have learned Mandarin any better than their current second language, English. 1 Link to comment Share on other sites More sharing options...
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