BCG model and promotion of Thai exports

BCG model and promotion of Thai exports

       “Future Food” is a targeted product that will help increase and promote Thai exports according to the Bioeconomy, Circular Economy and the Green Economy (BCG) model. Future Food consists of Functional Food, Novel Food, Medical Food, and Organic Food.

       Future Food has good opportunities and high potential to expand the export markets, as these products meet the sustainability goal and are in demand, and they satisfy new global trends in line with the government’s BCG Economy policy. Both producers and exporters should focus on studying the market trends and planning for more export markets.

       The government support for export includes finding overseas target markets for food and agricultural products, developing and promoting BCG Future Food, and organizing the business-matching events. These supports resulted in a significant increase in the purchase value of BCG Future Food, as foreign importers are interested in BCG products because they have confidence in food products from Thailand.

       The development of the potential of entrepreneurs, community enterprises, and farmers and the ability to take advantage of 14 Free Trade Agreements made between Thailand and trading partners and 18 countries (including the Regional Comprehensive Economic Partnership (RCEP)) will greatly increase opportunities to expand Thai exports to the world market.