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Innovation needed if Thailand wants to be No 1 in global food market: Jurin

Econ

Jul 17. 2020Commerce Minister Jurin Laksanawisit

By The Nation

Thailand will have to focus more on innovative food-production methods to meet global demands if it wants to become the world’s No 1 food exporter, Commerce Minister Jurin Laksanawisit said on Thursday (July 16).

Exporters will also have to aggressively safeguard their existing markets, secure new markets as well as upgrade the local logistics system to cut down on related costs, he told a seminar on Thailand’s food sector.

He also said that the government should hasten the signing of free-trade agreements in order to boost the country’s trade competitiveness.

Jurin added that his ministry has joined the Agriculture and Cooperatives Ministry to develop a Big Data system to share information, boost food standards and safety, as well as upgrade the industry.

Thailand is currently the 11th largest food exporter in the world and it can climb further, he said.