Rubber City project hoped to increase rubber price in Thailand and Malaysia

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BANGKOK, 2 October 2013 Thailand and Malaysia have agreed to cooperate on the “Rubber City” project aimed at developing the rubber industries of both countries. Commerce Minister Niwatthamrong Boonsongpaisarn hopes the project will help increase rubber price in Thailand.

Mr Niwatthamrong said on Wednesday that he had recently talked with Malaysian International Trade and Industry Minister Dato Sri Mustapa bin Mohamed on trade and investment cooperation, especially in terms of Halal and Para rubber industries. Located on the Thai-Malaysian border, the Rubber City could help strengthen rubber industries of both sides and bring rubber price up, the minister said.

At present, Thailand is a main source of raw materials for Malaysia’s rubber industry. The neighboring country imports a large quantity of rubber from Thailand each year. Malaysia needs Thailand to supply raw materials for its production of downstream rubber products.

The Rubber City in Malaysia will be located in Kota Putra in Kedah while the same establishment in Thailand will be located in Na Thawi district of Songkhla province.