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Bilateral business info exchange with Thailand takes gets a boost

posted 18 Aug 2009, 05:29 by Sawasdee Biz
Australian export credit agency, the Export Finance and Insurance Corporation (EFIC), last week signed an agreement with the Export-Import Bank of Thailand (EXIM Thailand) to promote information exchange, capacity building and trade and investment deals between the two countries.

The agreement gives a framework for bilateral collaboration, whereby EFIC and EXIM will look to identify and develop eligible projects involving mutually beneficial trade and investment relationships of Australian and Thai companies.

“The agreement will formalise working procedures intended to promote and facilitate overseas investments of our respective national companies, trade finance, credit insurance and/or financing of projects within the scope of our respective mandates,” said Chang Foo, head of Product Management and Risk Transfer at EFIC.

Thailand is Australia’s ninth largest bilateral trade partner.