Bangkok--27 Nov--EXIM Thailand
Mr. Kanit Sukonthaman, President of Export-Import Bank of Thailand (EXIM Thailand), and Mr. Takashi Suzuki, Chairman and CEO of Nippon Export and Investment Insurance (NEXI), gave opening remarks in the “Expand Your Business with Effective Credit Management” seminar co-hosted by EXIM Thailand and NEXI at EXIM Thailand’s Head Office on November 27, 2012. The seminar aimed to promote better understanding of benefits associated with export credit insurance facility. Under EXIM Thailand’s export credit insurance, Japanese entrepreneurs doing business in Thailand can expand their production and export businesses with protection against non-payment risks relating to international trade. Part of the risk borne by EXIM Thailand is ceded to NEXI as reinsurer.
Following the massive floods in Thailand last year, EXIM Thailand joins hands with NEXI to rehabilitate and promote Japanese businesses in Thailand by helping to mitigate their foreign trade risks through export credit insurance against non-payment or overdue payment risks. This insurance product is particularly relevant, considering the global economic woes overseas buyers are facing today. Further, an export credit insurance policy provides entrepreneurs with better access to credit from commercial banks as it can be used as collateral for loan.
“The collaboration signifies a remarkable synergy between two export credit agencies to promote international trade and investment. EXIM Thailand is ready to facilitate trade transactions of Japanese businesses in Thailand. Indeed, Japan is a Thailand’s major trading and investment partner, contributing significantly to the growth of Thailand’s export sector and overall economy,” said EXIM Thailand’s President.
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