Search

3.1. The Government has laid out a long-term vision for Thailand to achieve high-income status by 2036. The 20-Year National Strategy (2018-2037) has been issued since 2017. The National Strategy's vision is to be determined to maintain national security; (...) eco-friendly growth and development are to be promoted.

Table 3.1 Thailand's 10 targeted industries
First S-Curve; New S-Curve
Advanced Agricultural and Biotechnology; Biofuel and Biochemical

3.11. Ministry of Transport (MOT) has launched the 20-year Strategic Plan of the Transport Systems Development Strategy from 2018-2037 to enhance country's competitiveness in an area of seamless transport connectivity. This long-term strategic plan for transport development focuses on three fundamental concepts including (1) Transport efficiency, (2) Green and safe transport, and (3) Inclusivity.

3.22. In 2019, the Ministry of Higher Education, Science, Research and Innovation, Thailand, in the programme called "BCG in Action"; a Bio-Circular-Green economy (BCG) policy driven programme that aims to enhance the potential technological development and the infrastructure of the targeted industries (S-Curve), namely advanced agricultural, food, biofuel energy, medical and healthcare, and tourism.

3.23. The Government has introduced the concept of "Circular economy" which not only supports industries to achieve balanced and sustainable growth in all areas but also fulfills the United Nation's Sustainable Development Goal 12 "Ensure sustainable consumption and production patterns". In this connection, the Government has exerted much effort to restructure the industry's production pattern from linear to a new circulating pattern that employs cost-effective, waste management and raw materials recycling concepts

3.23. The development guidelines of circular economy can be divided into three main areas as follows:
(1) Production: The Government promotes the use of degradable raw materials, such as biomaterials in production process. Some of the promotion measures are included in the Bio Industry Development Strategy.

3.23. The development guidelines of circular economy can be divided into three main areas as follows. ...
(2) Waste Management: The Government emphasizes on the development of industrial and waste management systems by applying digital and information technology to develop applications, such as the auto E-license system to reduce time for approval the removal of industrial waste from factory, the factory inspection system 4.0 to monitor waste balance and secondary waste, and the E-Manifest system to control hazardous waste transportation using mobile system.

3.23. The development guidelines of circular economy can be divided into three main areas as follows: ...
(3) Secondary use of raw materials: The Government encourages the use of raw materials that have already passed production and consumption into the new production process. At the same time, the Government tries to promote the processing of waste and used goods back into industrial raw materials and to set the standards for secondary use of raw materials.

3.24. (1) Monetary and fiscal measures to promote investment and support entrepreneurs: The Thailand Board of Investment (BOI) grants incentives to promote investment in targeted industries, including those related to the BCG economy model (Bio-Circular-Green economy). The current investment promotion policy (7-year investment promotion strategy, 2015-2021) will not only help strengthen Thailand's economy but also enhance Thailand's capacity to achieve sustainable development goals. /Also, Ministry of Finance grants tax incentive for businesses that purchase bio-plastics packaging in order to promote the consumption of bio-plastics, the expenses of bio-plastic packaging can be used to deduct corporate income tax at the rate of 125%. /And other measure is to financially support Green Projects in which the Bank for Agriculture and Agricultural Cooperatives provides low interest rate loans to approved agricultural entrepreneurs or agricultural related businesses which are in search of financial support for this environmentally friendly project.

3.24. ... (3) Measures to promote value added for agricultural products: The Ministry of Agriculture and Cooperatives (MOAC) aims at more efficient farming products and innovation creation of using agricultural products and farming by products in supporting of Bio-economy. In addition, MOAC also supports the establishment of Smart Farming projects as well as community enterprises in developing new and better OTOP Products.