EXIM-FTI CLMV Business Matching to provide opportunities for Thai entrepreneurs in Myanmar Market

15 May 2019                                         

Under the administration of Export-Import Bank of Thailand and the Federation of Thai Industries, EXIM-FTI CLMV Business Matching was held for Thai entrepreneurs to seek business opportunities in Myanmar Market. The team including 50 Thai Entrepreneurs has arrived in Myanmar for 3-day-4-night trip and on the second day, the opening ceremony for the business matching event was held at Chatrium Hotel, Yangon.

Mr. Narong Boonsatheanwong, Minister and Deputy Chief of Mission of the Royal Thai Embassy, Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand, Mr. Supant Mongkolsuthree, Chairman of the Federation of Thai Industries, Mr. Pakainay Leng-Ee, Minister Counsellor for Commercial Affairs to Yangon, Mr. Krich Aungvitulsatit, Chairman of Thai-Myanmar Business Council, Mr. Sorasak Keeratichokechaikul, president of Thai Business Association of Myanmar and U Zaw Min Win, President of UMFCCI are presided over the ribbon cutting.

Mr. Narong Boonsatheanwong, Minister and Deputy Chief of Mission of the Royal Thai Embassy, commented on the economy growth of Myanmar. He said “Thailand recognizes Myanmar as our natural strategic partner. We are very alike in tradition, culture, attitude and friendship. Trading between Thailand and CLMV countries is important for the economy growth.  Myanmar, as a key country for the growth of CLMV, performs its captivating economy development that is GDP growth by 7% last year.”

He also talked about the future relationship of Myanmar and Thailand in business sector. “As agreed in 9th meeting of joint commission held in August 2018 in Nay Pyi Taw, both sides promised to increase the total value of trade from 7 Billion USDs in 2018 to double to 14 Billion USDs in 2022. Nationally, Thailand has experts in areas of infrastructure, agriculture, fishery, art, tourism and SME promotions. So that I believe that we can share our experiences, co-practices and learn from each other’s mistakes that we should aware.”, he said.

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand, explained the objective of CLMV business matching held in Yangon. “We come to promote the business Thai and Myanmar. We expect that Thai businessmen would meet with Myanmar business man. We expect that they can deal business increasing from this trip. This time we took the businessmen, especially in raw food and food processing, to come here. Thai businessmen can sell the products to Myanmar and then, if Myanmar businessmen are satisfied with the products, the joint business can be carried out. In vise vasa, if Myanmar businessmen have goods, they can sell the materials to Thai businessmen. “, he said.

Mr. Supant Mongkolsuthree, Chairman of the federation of Thai Industries mentioned the expectation of the CLMV business matching. “We expect that our suppliers from our food industry can explore more value and market. May be they can have investment in here also and can find some partners or some customers here.”

In the business matching, Thai food and beverages companies displayed their products and have face-to-face discussions with the locals for further business collaboration.

 

Thaw Tar Swe Zin