Thailand is famed for its delicious food and farm-fresh produce. Tropical rains fill stepped terraces with jasmine rice; spiky durian flourish on tall trees; mangosteen orchards, coconut groves, banana plantations and dragon fruit farms make fruit stalls a feast for the eyes. Less photogenic staples including cassava, palm oil and sugar make the nation a net food exporter, while the kingdom is also the world’s top rubber exporter.
Farming contributes only a small proportion of GDP but helps shape Thailand’s landscapes, self-sufficiency and wellbeing. As climate change focuses the minds of business and governments alike, Thailand is looking to reap the benefits of its agricultural strength and impressive biodiversity by developing a bio-circular-green (BCG) economy.
Bio, circular and green: Thailand’s new economy
To prepare for the challenges of the new era, nations need to build on traditional strengths. Thailand’s bio-circular-green (BCG) economy brings 21st-Century insight and technologies to bear on the kingdom’s biological resources, adding value to the agricultural sector. It encompasses a broad range of industries and segments – most obviously food and agriculture, but also medical and wellness, bioenergy, biomaterial and biomechanical businesses, and tourism and the creative economy. Areas as diverse as recycling, gene therapy, smart farming, alternative proteins and biopharmaceuticals fall under the BCG umbrella.
And in today’s world, agriculture can contribute more than crops to the BCG economy. Farming by-products that might once have been discarded as waste can find new life, whether by yielding biogas, an alternative energy source or providing cellulose for uses including packaging.
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Publish date : 2022-10-11 12:10:00
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