TUESDAY, March 19, 2024
nationthailand

UK launches Digital Trade Network to grow tech businesses in Thailand and region

UK launches Digital Trade Network to grow tech businesses in Thailand and region

The UK is launching a new Digital Trade Network in Asia Pacific, to increase trade and investment opportunities, and to forge new international partnerships for the digital economy with Thailand and the wider region.

The three-year pilot scheme will run on a budget of £8 million (Bt314.3 million) and aims to support tech businesses as they seek to internationalise.
The scheme also aims meet growing demand for digital tech solutions after Covid-19 – from improving supply chain resilience to managing expanded e-commerce. 
“Digital technology is more important than ever, delivering innovations that improve people’s lives and make businesses more productive – as we’ve seen through the Covid-19 pandemic,” said UK Trade Commissioner for Asia Pacific, Natalie Black. “Strengthening the UK’s partnership with Asia Pacific through this new Digital Trade Network will allow us to create new collaborations, driving trade and investment and ensuring we all benefit from the best global digital innovation.”
Tech Nation – the UK tech scale-up experts – will join the Digital Trade Network by extending their successful Entrepreneur Engagement Network internationally – in Japan, Singapore and Australia. The network will support tech scale ups in Asia Pacific interested in the UK market, by providing a direct link to key tech clusters across the country.
The UK is a world-leader in tech and digital, attracting more than £10 billion worth of investment in 2019, ranking third only behind the US and China.
Meanwhile, 79 tech unicorns have been developed in the UK in recent years – more than Germany, France and Israel combined.

nationthailand