Saudi and Thai EXIM banks sign MoU to foster trade ties

Saudi and Thai EXIM banks sign MoU to foster trade ties

Saudi Gazette reportSYDNEY — The Saudi Export-Import Bank (Saudi EXIM Bank) has concluded a Memorandum of Understanding with Thailand Export-Import Bank aimed at enhancing cooperation and developing trade relations between the two countries.


The MoU, which aims to strengthen import and export activities and commercial exchange between Saudi Arabia and Thailand, was signed by the Saudi EXIM Bank's CEO Dr. Naif Al-Shammari and Senior Executive Vice President of Thai EXIM Bank Benjarong Suwankiri.

The signing of the MoU took place on the sidelines of Asian Exim Banks Forum 2023 in Sydney from 20 to 23 November 2023.

The Memorandum of Understanding aims to define guiding principles for developing aspects of cooperation and trade relations between the two parties in the fields of export and import of products and services.

Furthermore, it aims to exchange information and expertise, as well as to provide credit lines and other credit facilities that enhance access of Saudi exports to Asian markets, and also enable Asian imports to enter Saudi markets.

Dr. Al-Shammari said the MoU comes within the framework of the