Mr. Jurin Laksanawisit (center), Deputy Prime Minister and Minister of Commerce, who presided over the ceremony, took a group photo with Dr. Rak Vorrakitpokatorn (fifth right), President of Export-Import Bank of Thailand (EXIM Thailand), and executives from alliance agencies at the ceremony to launch a “Loan Matching to Penetrate RCEP” scheme at the Ministry of Commerce on February 10, 2022. The scheme aims to support SMEs in export business or in the relevant supply chains of all industrial sectors. Export markets targeted are member countries in the Regional Comprehensive Economic Partnership (RCEP) pact. Such entrepreneurs would be enabled to access financial sources with special interest rates and conditions in conjunction with hedging tools against international trade risks.
EXIM Thailand has rolled out a new credit facility, “EXIM Credit for RCEP,” offering the lowest interest rate of 2.75% per annum in the first year, a maximum credit line of 50 million baht per entrepreneur, secured by a letter of guarantee from Thai Credit Guarantee Corporation (TCG) in conjunction with a personal/corporate guarantee in case of borrowing not exceeding 5 million baht, plus Free! forward contract worth up to one time that of the credit line. The total credit budget for this scheme is 30,000 million baht. Special! First 500 applicants for the credit facility would be eligible for an export credit insurance voucher worth 2,200 baht. Availability period is from today until July 29, 2022.