Bangkok, June 7- EXIM Thailand joins hands with NEXI to provide risk protection for Thai and Japanese entrepreneurs. Expand trade and investment to the Greater Mekong Sub-region. JTRO fears wages, using Thailand as a production base. Neighboring countries supply parts Thailand+1

Mr. Pasu Loharnchun Chairman of the Board Export-Import Bank of Thailand (EXIM Thailand), along with Mr. Oba Yuichi, charge d'affaires of the Embassy of Japan in Thailand. presided over the opening ceremony of the seminar "EXIM Thailand and NEXI Collaboration: A New Chapter Begins" EXIM BANK joined forces with the Insurance Agency of Japan (NEXI) to cooperate in finance, both in terms of credit and risk protection tools. Hope to support Thai and Japanese entrepreneurs to access new opportunities in trade and investment in the Mekong countries. At present, countries in the Greater Mekong Subregion, especially Lao PDR, Cambodia and Vietnam, are new frontiers with high potential in trade and investment. Lao PDR GDP grew by 4.2%. Cambodia expanded 4.3 percent Vietnam grew by 5.8 percent Mekong sub-region

With the rate of economic growth continuously high. and ready in many areas, especially cheap labor abundant natural resources The number of consumers has increased purchasing power. Urban expansion and industrial development political stability And bilateral and multilateral free trade agreements, 30 FTAs, are all important factors that attract entrepreneurs from countries around the world to invest in developing the country. Including using these countries as a production base and conducting business services. It supports domestic consumption and exports to third countries such as China and India. There are Thai and Japanese entrepreneurs as major investors who fill and connect with the global trade supply chain.

Mr. Rak Worakit Pokathorn, President of EXIM Thailand, said that a new step in cooperation between EXIM Thailand and NEXI in the new world of trade. Therefore, it focuses on information exchange and cooperation in financial instrument development. both export and investment insurance services and further warranty To protect international trade and investment risks for Thai and Japanese entrepreneurs. expanding the results to drive the development of countries in Asia together Due to the growth of the global economy in the next 10 years will be in ASEAN. When the development of infrastructure and public utilities Skill development and labor skills as well as the transfer and exchange of knowledge and technology both agencies ready to promote and support Thai and Japanese entrepreneurs Start or expand more international business with confidence EX-IM BANK will use its expertise to promote exports and investment. by adding knowledge business and capital opportunities, as well as risk management tools for international trade and investment.

EXIM Thailand has been providing export insurance services since its official operation in 1994, with an accumulated export insurance business volume of 1.82 trillion baht, with total claims paid of 1,400 million baht, with a 76% stake. Caused by the case of buyers abroad refusing to pay for the goods. Followed by 23 percent caused by bankruptcy buyers and another 1 percent caused by buyers refusing to take delivery of goods. The countries with the highest claims value are the United Arab Emirates, the United States and Singapore. The highest claims paid are rice, gems and jewelry. and aluminum

Mr. Junichiro Kuroda, president of the Japan Trade Organization (JTRO), said that 6,000 Japanese entrepreneurs invested in Thailand, 40 percent of which are manufacturing. Because Thailand is the production base of ASEAN in the year 65, Japan is still the number one investor to invest in Thailand. by still competing with China Because Japan views that Thailand is ready in terms of infrastructure. Japanese parts industry ready to adjust production to electric vehicle industry Support global market trend But when Thailand still has the factor raw materials are more expensive Increased wages from the new government policy Therefore, the production network must be expanded to neighboring countries. Using Thailand as a center according to Japan's policy, Thailand Plus 1, because Lao PDR, Cambodia, wages are cheaper and there is also a special economic zone set up to support foreign investment. Mekong sub-region therefore began to be important to foreigners

Mr. Narit Therdsateerasak The BOI secretary said that Japan's policy, Thailand Plus 1, to expand investment to Lao PDR and Cambodia is not to steal jobs. but rather the division of labor Thailand must upgrade the quality of personnel. To provide advanced labor quality produce high-tech products more complicated Upgrading industrial areas such as the EEC will become investment centers for the digital economy. with the expansion of the Laem Chabang deep sea port, Map Ta Phut, the eastern aviation city Overall, Thailand is seen as an investment hub in ASEAN. .-Thai News Agency

Source: Thai News Agency