ID :
406756
Mon, 05/16/2016 - 09:14
Auther :

Sino-Thai accord signed on rubber cooperation

BANGKOK, May 16 (TNA) - The state-run Thailand Research Fund (TRF) has signed an agreement with China’s Rubber Valley Co., Ltd. to jointly develop the natural rubber industry and researchers of both countries. The memorandum of understanding (MOU) was inked in the Chinese Qingdao Province on May 15, under which both sides will exchange rubber researchers and students and jointly organise relevant seminars on an annual basis. The MOU covers a period of five years, aimed to boost rubber products of the two countries. TRF senior officials said that the MOU will not only strengthen relations between both sides, but also help rubber prices to move in line with the global market mechanism. Meanwhile, high-ranking executives of Rubber Valley Co., Ltd. are scheduled to visit Thailand on June 7, 2016 to further discuss with TRF on joint rubber research plans. Thailand is now a world largest exporter of raw rubber, while China is the world’s largest consumer of rubber products. (TNA)

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