SINOSURE Cooperates with EXIM Thailand

SINOSURE, the China Export & Credit Insurance Corporation, has recently entered into a memorandum of understanding (MOU) with EXIM Thailand, the Export-Import Bank of Thailand. This partnership aims to enhance cooperation in developing SINOSURE’s insurance offerings and supporting investment endeavors by Thai and Chinese entities in China and Southeast Asia.

At the heart of this collaboration lies an exchange of information and the provision of financial services, including insurance and reinsurance programs. Under the terms of the MOU, EXIM Thailand will extend its export credit and investment insurance facilities as risk management tools to SINOSURE. Furthermore, the agreement aims to streamline market access for Thai and Chinese exporters and investors in the CLMV (Cambodia, Lao PDR, Myanmar, and Vietnam) regions.

In a statement, EXIM Thailand highlighted the primary objective of this collaboration, emphasizing its role in mitigating international trade and investment risks for Thai and Chinese entrepreneurs. By fostering confidence among businesses, this initiative aims to empower them to expand their export and investment activities not only within Thailand and China but also on a global scale.

The collaboration will also promote innovation and technology adoption among Thai entrepreneurs, enhancing their competitiveness. This includes sharing production techniques, fostering a culture of business excellence, and investing in workforce development, particularly focusing on supporting small and medium-sized enterprises (SMEs).

Additionally, both SINOSURE and EXIM Thailand have committed to supporting the development of Thailand’s Eastern Economic Corridor, with coordinated efforts at SINOSURE’s headquarters in Beijing, China. This multifaceted collaboration signifies a significant step forward in fostering closer ties between Thailand and China while facilitating growth and prosperity in the region.