Many Thai logistics and trading companies in various industries successfully matched their businesses with Laotian and Chinese firms during a recent trade mission exploring Route 3A, according to the Foreign Trade Department.
Banjongjitt Angsusingh, deputy director-general of the department, said the mission exploring R3A, a route linking Thailand and China’s Kunming province through Laos, had encouraged many Thai firms to collaborate with companies in the neighbouring countries.
"Thai enterprises have foreseen great opportunities for doing businesses along the route. Many potential businesses are still available for Thais and will benefit from the closer, more convenient connectivity with other countries," she said.
Businesses participating in the trade mission included those in home decorative items, furniture, fruits and vegetables, processed food, construction, machinery, restaurants, logistics and spa services.
Some Thai firms will soon sign collaboration contracts with Laotian and Chinese companies. These are KPH Service and Laos’ LS Logistics; Rayong Shipping and Ruamjai Pattana, a transport firm in Laos; and KPH Service and China’s Yunnan Xin Tie Logistics Co. Globe Pat, a food processor, is negotiating with Yunna Zhong Hao Yunnan Zhonghao Logistics.
Other Thai enterprises have been negotiating with Chinese companies, such as Leo Global Logistics and Kunming Yuanling Logistics and Huaren Logistics; Loxley and Kunming Zhenhui Logistics Management; and Yunnan Modem Logistics Information Service Co.
Bangjongjitt said many Thai firms had greater chances to do business in Laos and China, particularly in logistics, hotels, restaurants, processed foods, and consumer goods.
Moreover, Thai delegations had asked the governor of Yunnan to encourage the province to form closer ties with Thailand via R3A, as well as increase imports of Thai jasmine rice.