The Bio-Circular-Green Economy (BCG) Committee convened on 13 January 2021 at the Government House. Serving as the committee chairman, Prime Minister General Prayut Chan-o-cha stated that the government will include BCG in its national agenda alongside Thailand 4.0. BCG will be a vehicle to modernize Thailand’s agricultural sector, establish national health security and reduce foreign dependency.
The meeting approved the 2021-2026 BCG Strategic Plan which consists of the following strategies:
- Strategy 1: Promoting sustainability of biological resources through balancing conservation and utilization.
- Strategy 2: Strengthening communities and grassroots economy by employing resource capital, creativity, technology, biodiversity and cultural diversity to create value to products and services, enabling the communities to move up the value chain.
- Strategy 3: Upgrading and promoting sustainable competitiveness of Thai BCG industries with knowledge, technology and innovation focusing on green manufacturing.
- Strategy 4: Building resilience to global changes.
The BCG Strategic Plan will focus on 4 sectors, namely 1) food and agriculture, 2) medical and wellness, 3) bioenergy, biomaterial and biochemical, and 4) tourism and creative economy. It will also emphasize on utilizing biodiversity and cultural diversity as a basis for developing the nation and improving people’s quality of life.