How to seize development opportunities in Thailand's logistics industry

With the development of national free trade zones, they will become important nodes in the global supply chain layout. However, how can the logistics industry seize opportunities? Here is an introduction to the logistics line from Guangzhou to Thailand:

The logistics industry is facing significant opportunities

Firstly, customs clearance procedures help improve the efficiency of international logistics. Under the framework of the free trade zone system, aligning with new international rules and innovative institutional design is the core breakthrough. Among them, customs clearance is an important component of international rules, and it is also the earliest measure to replicate, achieve docking and promotion. Over the past year since its establishment, the Shanghai Pilot Free Trade Zone has implemented a series of customs clearance measures. It is estimated that the average customs clearance time for imported goods in Shanghai Free Trade Zone is 41.3% lower than that of foreign countries, and the average customs clearance time for exports is 36.8% lower than that of foreign countries.

Secondly, the liberalization of trade in services improves the environment for logistics development. At present, China's service trade structure is unreasonable, with a service trade deficit of $198 billion in 2014, a large part of which is the transportation service trade deficit. Compared to trade in goods, trade in services requires a higher level of liberalization and development facilitation environment. One of the key factors in establishing a free trade zone is to promote the opening up of the service industry, which serves as a platform and pilot base for the liberalization and facilitation of service trade.

Thirdly, regional economic integration has promoted the coordinated development of regional logistics. Currently, regional economic integration is a strategic idea for national development. As a bridge for reform and opening up, free trade zones have significant "spillover effects" and "radiation effects" on the regional economy, gradually forming regional logistics nodes and important hubs for promoting regional economic integration.

Fourthly, implement the strategy of going global to promote the transformation and upgrading of cross-border logistics. This year's government work report points out that encouraging enterprises to participate in overseas infrastructure construction and capacity cooperation, and promoting Chinese equipment such as railways and electricity to the world, cannot be separated from the support and protection of cross-border logistics.

Fifth, global value chains guide the optimization and development of supply chains. In recent years, the global value chain has become an important driving force for global economic integration. With the internationalization of division of labor, globalization of trade, and the reduction of logistics costs, the advantages and effects of global value chain cooperation are very obvious. International industrial division of labor has shifted from horizontal division based on comparative advantages of various countries to vertical division centered on multinational corporations.