Kam Bank accelerated "fishing" recovery before the industry fell into "domino"

Published 2020년 9월 25일

Tridge summary

The Thai fishing industry is facing challenges and risk losing over 10 billion baht due to the impact of two fishing royal decrees and a demand from fishermen to cease fishing. This could lead to the loss of 1.5 million tons of naturally caught fish and affect other industries reliant on aquatic animal raw materials. The situation threatens to impact over 200,000 workers and decrease the value of the fishmeal industry. The House of Representatives is studying the issue and seeking input from stakeholders to present solutions to the government.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Thai fishing industry, worth more than 600 billion baht, is still facing mischief after 2015, Thailand has received a yellow card from the European Union (EU), forcing it to tackle illegal, unreported and unregulated fishing (IUU Fishing) Thailand has successfully solved the problem and received a yellow card release at the beginning of 2019, making the country's image acceptable to the world. But now the opposite is true. The situation of fishermen could not stand. And issued a demanding statement "Stop fishing" from being severely affected by the two fishing royal decrees (Royal Decree) and on September 9, 2020, the president of the 22 provinces fishermen association submitted a letter to Mr. Chuan Leekpai Speaker of the House of Representatives In order to take steps to amend the law By allowing fishermen to participate, Mr. Wisit Limlucha, president of the Food Producers Association, told the "economic base" that if the fishermen group will leave their occupation, it will ...

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