The Department of International Trade Promotion of the Ministry of Commerce of Thailand calls on exporters to study new models and encourage further development of the market to export rubber products to China because the Chinese government has established a Free Trade Zone and has opened up opportunities for importers to purchase products directly. Emphasize that there are two possible models, including promoting Thai rubber products to be sold in China’s free trade zone, or holding small business exhibitions to drive buying.
The Director of Thailand’s International Trade Promotion Office, Song De, said that in accordance with the policy of Deputy Prime Minister and Minister of Commerce Zhu Lin, the office continues to find new channels to open up the Thai rubber product export market. Recently, a new model of rubber product trading has been discovered in the Chinese market. The transaction model of purchasing directly from exporters is different. Instead, the Chinese government has established a free trade zone to open up opportunities for Chinese importers to directly purchase rubber products in the free trade zone. The point of sale and the point of delivery are the same. This method is simple. It is also favored by Chinese importers, because Chinese importers can see the goods immediately, and have confidence in the quality of the products, which shortens the delivery time. Therefore, it is recommended that Thai companies adjust their trade models to cater to the acquisition behavior of Chinese importers.
There are two ways to sell rubber products in a free trade zone, including exporters can store rubber products in warehouses in the free trade zone, which can be directly operated by the exporter or appoint a third party to replace the exporter; exporters and warehouses Industry players jointly organized small rubber exhibitions to attract rubber importers to buy. These two methods can only be implemented under the conditions of free trade zone warehouses, and the cost incurred depends on the time limit and the volume of exported goods.
He said that exporters who intend to explore the Chinese rubber market suggest that they study new rubber trading models to replace the original trading methods because it will increase rubber trading opportunities and encourage Thailand to export more rubber products to China.
Previously, the department has instructed the Qingdao International Trade Promotion Office in Shandong Province to step up efforts to find opportunities and continue to expand the channels for Thai rubber products to enter the Chinese market, because Qingdao City, Shandong Province is the world’s most imported rubber and products provincial city, and China is the largest automobile manufacturing center, and Thailand is the country that exports the most rubber products to China.