Post by : Shakul

EXIM Thailand has announced a major strategic plan aimed at helping Thai businesses navigate what it describes as a “severe, volatile, and unpredictable” global economic crisis. The bank introduced its new “5T” framework to support exporters, entrepreneurs, and small businesses facing growing uncertainty in international markets.

The announcement was made during a press conference in Bangkok titled “A Changing World, New Challenges: EXIM Thailand Standing by Thai Businesses through Global Crises.” EXIM Thailand President Charat Rattanaboonniti said the world economy is currently under pressure from geopolitical conflicts, trade wars, market volatility, and environmental challenges that are affecting global trade and investment.

According to EXIM Thailand, rising tensions in the Middle East and disruptions around the Strait of Hormuz are creating serious concerns over energy security, food supplies, and transportation costs. At the same time, trade protection policies and tariff measures from major economies, especially the United States, continue to place pressure on international supply chains and export markets.

The bank also warned about growing volatility in commodity prices, currency exchange rates, logistics expenses, and financial markets. Thai businesses are now facing higher operational costs, tighter liquidity conditions, and stronger competition from low-cost products and rapid technological changes in the global marketplace.

Environmental regulations are becoming another major challenge for exporters. EXIM Thailand highlighted that new global standards such as the Carbon Border Adjustment Mechanism (CBAM), the European Union Deforestation Regulation (EUDR), and ESG-related compliance requirements are forcing businesses to adapt quickly to maintain international competitiveness.

Despite global uncertainties, EXIM Thailand estimates that Thailand’s exports could still grow by around 7 percent this year, supported mainly by the electronics sector, agricultural products, and food exports. Officials said growing demand linked to artificial intelligence technologies and global food security concerns could help support Thai export performance.

To help businesses survive and grow, EXIM Thailand introduced its “5T” strategy consisting of Target, Transition, Transform, Transparency, and Together. The framework includes financial support for SMEs, debt restructuring, green financing programs, sustainability services, technology upgrades, business matching, and efforts to diversify exports into new international markets.

EXIM Thailand said it aims to increase exports to markets outside the United States, the European Union, and Japan to 75 percent in the future. Officials added that the bank remains committed to helping Thai entrepreneurs strengthen resilience, improve competitiveness, and achieve sustainable growth despite the rapidly changing global economic environment.

#Thailand News #Economy #trade #Business