Thailand earning ag investment at the expense of China
A new project for the country is “Thailand Food Valley” supported by the Thai government. In two provinces of the country this project will offer food companies and research institutes developed areas for clusters of business operations. This cluster approach has been used previously for other industrial communities; clusters were developed for early arriving foreign investor companies. Additionally, the government is investing in a central laboratory, a science network linking several university laboratories, a scientific information center and other science centers with a focus on food and food safety.
China will not go away as a competitor for investment in Southeat Asia and specifically Thailand, but a shift seems apparent.
The Thailand BOI reports, “A shift to other countries doesn’t mean companies are abandoning China. In a survey of about 300 members of the American Chamber of Commerce in China, 58 percent said the country remains in the top three investment priorities. But only 20 percent said China was their number one investment priority last year, compared with 31 percent in 2011.”