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Leading businesses from Thailand's competitive industries to attend 2019 CIFTIS

May 09, 2019


Abstract : Organized by the Thai Chamber of Commerce in China, a cohort of enterprises from Thailand's competitive industries including food, medical services and industrial park will participate in the 2019 China International Fair for Trade in Services.

BEIJING, May 9 (Xinhua) -- Organized by the Thai Chamber of Commerce in China, a cohort of enterprises from Thailand's competitive industries including food, medical services and industrial park will participate in the 2019 China International Fair for Trade in Services (CIFTIS), which will be held in Beijing from May 28 to June 1.

Charoen Pokphand Group (CP Group), Bangkok Dusit Medical Services (BDMS) and Double A (1991) Public Co., Ltd. (Double A) are the leading companies among the Thai business delegation.

CP Group, a well-known transnational firm founded by Thai Chinese and an active participant of the Belt and Road construction, will display its advantages of complete food industrial chain from plantation to sales at CIFTIS, hoping to forge partnership and expand cooperation with Chinese firms under the Belt and Road Initiative.

Since starting business in China in 1979, CP Group has invested over 120 billion yuan and set up 400-odd companies in China with turnover totaling 130 billion yuan. Agro-industry & food business, its competitive industry, has made great headway in the Chinese market.

Xue Zengyi (3rd, L), vice chairman of CP Group Agro-Industry & Food Business of China Area, in an interview with Xinhua Silk Road

The CIFTIS has become a calling card for Beijing's economic development, showcasing Beijing's business characteristics, technological innovation and industrial prowess and helping enterprises in Beijing to go global, said Xue Zengyi, vice chairman of CP Group Agro-Industry & Food Business, China Area.

BDMS, a renowned private medical group in Asian-Pacific region, plans to promote its medical tourism services at CIFTIS, in a bid to let more Chinese enjoy its cost-effective medical services.

According to data published in the International Medical Travel Journal, Thailand was rated the third largest medical tourism destination by the proportion of the revenue from healthcare tourism in 2018. Specifically, tourists coming to Thailand for medical services accounted for 38 percent of the total tourists in Asia that year.

China's medical tourism market holds huge potential, and thus BDMS is making efforts to expand presence in China. For instance, it has developed online medical cooperation with Ping An Insurance (Group) Company of China, Ltd., noted Zhang Lunyan, medical affairs manager, China with BDMS.

Double A, a comprehensive pulp and paper mill in Thailand, will promote its 304 Industrial Park at CIFTIS by text description, video and speeches, on-site interaction and other means, so as to attract more investors.

Located in Thailand's Eastern Economic Corridor (EEC), 304 Industrial Park is currently home to 129 enterprises, including those from the Chinese mainland, Taiwan and Hong Kong. Investors in the park can enjoy various preferential policies related to the EEC.

Compared with other Thai industrial parks, 304 Industrial Park boasts 10-odd power plants, with total installed capacity reaching 670 MW. It is also equipped with a reservoir to ensure water supply, and advanced sewage treatment facilities to realize the recycling of water resources.

Zhang Jing, director of the Beijing Office of Thai Chamber of Commerce in China, said that this is the five consecutive year for the Thai Chamber of Commerce in China to organize players of various Thai industries to attend CIFTIS, hoping to constantly promote trade and economic cooperation between Thailand and China. (Contributed by Gu Shanshan, Li Xiaohui)

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