4 Govt agencies cooperate to promote Thai investment abroad

BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project.

TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support to Thai operators for their investments in international markets.

Consideration for the selecting of potential operators to join the project will be the responsibilities of the TTR. Suitable business and its primary information will be examined before passing to those institutions for further process.

The EXIM and SME Banks are tasked to support selected operators in financial aspect for their investments in both domestic and international markets, while the GPF will consider the feasibility of particular business under the GPF criteria, referring to the risks and appropriate returns.

According to the TTR, several business groups so far express their intention to join the project such as auto part garage in the US, department stores in Thai towns, Thai food network abroad, real estate in Russia, Yacht pier, food warehouse, Thai silk and creative business, for example.