Thailand and Malaysia have agreed to create a Rubber City along their border to raise the rubber prices.
The project was reached during a recent discussion between the Thai
Commercial Minister Niwatthumrong Boonsongpaisan and Malaysia ’s
Minister of International Trade and Industry Mustapa Mohamed.
The two sides agreed to strengthen their cooperation in trade and
investment, particularly in the areas that they share strength like
Halal food and rubber.
Malaysia proposed the establishment of the Rubber City along the Kedah-Thai border for the mutual benefits.
Under the proposed project, the city will be created in the border
area linking Dan Prakob in Songkhla’s Na Thawee district and Kota Putra
in the Malaysian state of Kedah.
Thailand is
currently a major source of rubber for Malaysia, while the country
wants to learn about the latest technology for rubber production from
its southern neighbour.
The Rubber City project
should be mutually beneficial, as Thailand has the greater supply of
rubber while Malaysia has several industries making products from
it.
The project will also help increase the price of rubber and create sustainable incomes for Thai farmers.-VNA