Bangkok, The Prime Minister pointed out that the Pet Parent trend promotes the promotion of Thai pet products to open the Taiwanese market at the Taipei Pets Show 2024, which received an excellent response and is expected to create an added value of 2.5 million US dollars per year. Mr. Chai Wachirong, spokesman for the Prime Minister's Office, revealed that Mr. Settha Thavisin, Prime Minister, believes in and promotes the Pet Parent trend, pushing for the opening of new product markets for export, upgrading the quality of Thai pet products, and increasing competitiveness in the global market. The government, through the Ministry of Commerce, has led Thai pet product entrepreneurs to open the market in Taiwan at the Taipei Pets Show 2024 to promote Thai products, create business matching, and increase trade partners for Thai pet products, promoting the value of Thai exports. The Prime Minister's Office Spokesperson said that nowadays people are more interested in raising pets, which has led to a continuous increase in the demand for pet products. This is an important opportunity for pet product entrepreneurs in Thailand to expand their markets both domestically and internationally. Thai pet products are of high quality and are in demand in the world market. Taiwan is the number 1 importer of pet products, especially dog ??and cat food (HS-Code: 230910), from Thailand. According to data in 2023, the total value of Taiwan's imports of this type of product from abroad was 263.72 million US dollars, of which 87.18 million US dollars was imported from Thailand, accounting for 33.05 percent of all dog and cat food imports. In order to increase the approach to promote pet product entrepreneurs in Thailand, the government, through the Office of Agricultural and Industrial Trade Promotion, Department of International Trade Promotion, Ministry of Commerce, organized the 'Project to Promote Pet Food Products to Enter the Taiwanese Market at the Taipei Pets Show 2024' during July 5-8, 2024, to bring 18 selected pet produc t entrepreneurs from Thailand to exhibit their products at the event, as well as to negotiate and match business between buyers and sellers for pet food and snacks, as well as services and health products for pets. This year's event has 1,800 booths, out of approximately 400 exhibitors, including international entrepreneurs from South Korea, Singapore, Thailand, China, and Japan. There were approximately 160,000 visitors, of which approximately 10 percent were international buyers. The Thai booth attracted the attention of importers from Taiwan and other countries. Major importers were invited to visit the Thai booth and negotiate business with Thai exporters, including purchasing officers from department stores and large Taiwanese retailers such as RT-Mart and Carrefour, as well as Great Tree, a famous Taiwanese drugstore. In addition, Thailand is a major pet food importing source for Taiwan, resulting in many importers interested in negotiating business with Thai exporters on related products, especially pet food and pet lifestyle products, all of which have potential in the Taiwanese market because the products are beautiful and in line with the modern consumption concept that emphasizes natural products and meets consumer needs. Thai products have received overwhelming responses from visitors to this year's event. Thai exporters had the opportunity to negotiate with approximately 200 importers from Taiwan, Hong Kong, Japan, ASEAN, the Middle East, and France, etc., with an expected purchase value of more than 2.5 million US dollars per year. 'The Prime Minister is committed to presenting the quality of Thai products in the world market to increase market channels for exporting products, increase the types and quantities of products for export, and capture the Pet Parent trend and trends in the world market to seek trade and investment opportunities for Thai people. The government continues to build business network partners for new types of Thai products to access opportunities for business growth on a glo bal level,' said Mr. Chai. Source: Thai News Agency