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Bt400m to help SMEs expand business abroad

Apr 25. 2016
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By PETCHANET PRATRUANGKRAI
THE N

THE International Trade Promotion Department will allocate a budget of Bt400 million under the SMEs Proactive Project to help small and medium-sized enterprises do business overseas, focusing on Asean and notably Cambodia, Laos, Myanmar and Vietnam (CLMV)
Malee Choklumlerd, director-general of the department, said the first SMEs Proactive Project had been very successful, and so the second project had been allocated Bt400 million to help SMEs.
This second project will be in effect for three years (2016-18). The department will choose SMEs that plan to penetrate overseas markets, especially in Asean including the CLMV countries.
Moreover, the department will allocate money to SMEs that add value to their products or services. Products that are innovative, feature new designs, and are friendly to environment will be considered the priority, she said.
SMEs will be encouraged to join international trade exhibitions at home and abroad, as well to take part in business-matching activities.
To join the SMEs Proactive Project, enterprises can propose marketing plans via groups such as the Board of Trade, Federation of Thai Industries, and the Thai National Shippers Council before passing proposals to the department for final consideration.
The first SMEs Proactive Project (from 2013-15) helped 2,602 SMEs generate combined income of Bt8.89 billion. Those SMEs joined a total of 427 activities during the three years of the project.
 

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