In today's era, international trade has seen significant developments in logistics, which is a crucial component in promoting and driving the Thai economy. The focus is on enhancing logistics and supply chain capabilities, with the goal of establishing Thailand as a logistics hub in the ASEAN region.
The logistics industry is a key part of the 20-year national strategy, aiming to develop logistics and supply chain systems, enhance capabilities, and improve the competitiveness of businesses. Thailand aims to position itself as the logistics epicenter within the ASEAN region by 2036, prioritizing efficiency and environmentally friendly energy practices to drive down costs. Currently, Thai logistics are expected to continue expanding, with increased exports and the growth of e-Commerce businesses positively impacting the overall logistics service industry in Thailand.
Opportunities for Thai Logistics Service Providers:
Belt and Road Initiative (BRI): The ongoing development of trade in ASEAN, particularly in Laos, Vietnam, Cambodia, and Thailand, will enhance value and stimulate the region's economy upon completion, especially among RCEP (Regional Comprehensive Economic Partnership) member countries.
Halal Product Logistics: A niche market with high growth potential, logistics is a crucial factor in the export of Thai halal products. If entrepreneurs study the management of halal products according to halal principles, they will find significant business opportunities.
Strategies by the Department of International Trade Promotion to Develop Thai Logistics Business:
For more information:
Department of International Trade Promotion, Ministry of Commerce
Tel: 0 2792 6900
Link: https://www.ditp.go.th/
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