BANGKOK, 31 March 2013 The Cabinet has agreed to use parts of the International Trade Promotion Fund to bankroll SMEs and urgent projects related to international trade promotion.
Deputy Government Spokesperson Sunisa Lertphakhawat said that the Cabinet on Sunday decided to allocate 300 million baht from the International Trade Promotion Fund to finance Thai SME development projects.
Ms. Sunisa added the government will allocate another 100 million baht from the fund to be equally divided for fiscal 2014 and fiscal 2015 to help any urgent projects aimed at promoting and developing Thailand’s international trade.
The deputy government spokesperson stated the disbursement of these special allocations will target SMEs tha have proven to be constantly improving the quality of products and services as well as committed in international trade in a solid fashion.
She said the government hopes to help no fewer than 500 SMEs each year while encouraging them to join in more overseas trade fair.
Meanwhile, the Office of the National Economic and Social Development Board has pointed out that more details are still needed for the disbursement of the 100-million-baht budget for urgent international trade promotion projects in order to make sure that such an effort will not be overlapping with existing state measures.