BANGKOK, 24 May 2019(NNT)- The Federation of Thai Industries and Exim Bank have planned to raise potentials and support for all levels of export sector ranging from SMEs to major manufacturers in effort to compete in the world markets and penetrate new export markets.
The FTI and Exim Bank have agreed to integrate data on trade and investment, provide orientation courses for export-bound manufacturers and provide financial support. Exim Bank provides loans with a 0.5% interest per annum for its customers for investment projects in the country and overseas.
Kriangkrai Thiranukul, vice president of the Federation of Thai Industries, said a public-private working group should be set up to assess effects of trade war between the United States and China on all parts of industry sector and lay strategic plans for domestic investment and get access to individual partner countries. The private sector has looked forward to the opening of more export markets with the new government negotiating more FTA agreements. The new government is suggested to not allow China to relocate manufacturing bases from China to Thailand only to use trade privileges provided by the U.S. for Chinese-made, Thailand-based export goods to the U.S. markets otherwise the U.S. might retaliate in trade with Thailand which has ranked 11th or 12th on a list of countries which have enjoyed trade surpluses over the U.S.
