Bangkok--Feb 10--EXIM
Mr. Sataporn Jinachitra, President of Export-Import Bank of Thailand (EXIM Thailand), said that to actively promote Thailand’s steady export growth this year, EXIM Thailand launches a “New Export Destination Facility” Program from February - December 2005 with an aim to encourage exporters’ penetration into new export destinations. Under the program, exporters will benefit from EXIM Thailand’s expertise in export financing with FREE export document checking services and can receive a 50% DISCOUNT for the Buyer/Buyer Bank Risk Assessment Report service for buyers in new markets of exporters.
EXIM Thailand President said cooperation between public and private sectors is a crucial element to bring new opportunities for Thai exporters and broaden their commercial base in the global market. The Bank has, therefore, initiated the “New Export Destination Facility” Program to help new-to-market exporters enter into new export destinations confidently with EXIM Thailand’s support in checking buyers’ credit trustworthiness and preparing their export documentation. To maximize new-to-market exporters’ preparedness with the Bank’s expertise, they will be offered FREE checking on Letter of Credit (L/C) and Bill for Collection (B/C) and a 50% DISCOUNT for Buyer/Buyer Bank Risk Assessment Report service. Due to connections with reliable and highest experienced Credit Information Agencies worldwide, EXIM Thailand has been poised to provide exporters with risk assessment service to check credit worthiness of their buyers or buyer’s banks before agreeing to trade and, thereby, setting up payment terms and trade credit.
According to Mr. Sataporn, the program will help to reduce risk due to lack of information on buyers in unfamiliar markets and help Thailand to depend less on existing markets. He believes that there exist a great number of promising export markets with favorable demand for Thai exports whereas tariff and non-tariff barriers in traditional markets of exporters limit the country’s export growth. Those interested in joining the program may call 0 2271 0506 or contact officers at EXIM Thailand Head Office and all branches from today onwards.
About Export-Import Bank of Thailand
Export-Import Bank of Thailand is a financial institution wholly owned by the Royal Thai Government under the Ministry of Finance’s supervision. The Bank was established by the Export-Import Bank of Thailand Act B.E. 2536 (1993) which empowered the Bank to engage in any financial activities customary to commercial bank practices, except for accepting deposit from the general public. The Bank’s objective is to provide financial services to strengthen the competitive edge of Thai exporters and investors abroad while contributing to the earning or saving of foreign exchange.
For further information,
please contact Public Relations Division, Office of Top Management
Tel. 0 2271 3700, 0 2278 0047, 0 2617 2111 ext. 1142 - 6 End.