EXIM supporting Thai investors to compete on global scale

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BANGKOK, 15 May 2012 -Deputy Finance Minister Mr. Tanusak Lekuthai said his Ministry is fully supportive of the Export-Import Bank of Thailand (EXIM) to promote oversea investment, job opportunities, and industrial growth as well as to provide business insurances. 

The Finance Ministry has resolved to provide the EXIM Bank the support it needs after the meeting with its executives. Investors as well as exporters will be able to seek loans from the EXIM to get their businesses off the ground.

The Deputy Minister also said, in addition to loans, the government will support SME businesses across the industry to enable them to become competitive in the global market. It will focus on, he added, improving cash flows for SME owners and insuring their exports with flexible criteria.

According to him, companies eligible for the flexible criteria should not have export value in excess of 200 million baht a year. Important information useful for Thai businesses will also be made available to help investors prepare for the ASEAN Economic Community in 2015.