Thailand and Malaysia set up rubber zones along border

ERJ staff report (LMH)

Bangkok – Thailand and Malaysia will collaborate in setting up rubber industry zones on both sides of the common border in order to create jobs and income for both nations, according to the National News Bureau of Thailand.

The Thai deputy agriculture minister made the announcement on the second day of the ASEAN Rubber Day 2013 convention in Phuket, Thailand. The minister said the project will strengthen the two country’s economies and create jobs and income, and improve locals’ quality of life, NNT reported.

Under the proposal, the Malaysian government will encourage its private sector to construct rubber industrial estate. NNT said a similar site is planned for Thailand also. The budget required is estimated to be 200 billion baht (€5.2 billion).

The minister expects construction to start this year, and added that companies from China and Italy have already expressed an interest in investing in the project. Most of these firms were car tire makers, NTT said.

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News release from NNT