Mr. Pakorn Partanapat, Director of Export-Import Bank of Thailand (EXIM Thailand), and Ms. Ping Kitnikone, Ambassador of Canada to the Kingdom of Thailand, witnessed the signing of a Memorandum of Understanding (MOU) between EXIM Thailand and Export Development Canada (EDC) to promote cooperation in trade, investment, and economic development between Thailand and Canada, as well as across the Asia-Pacific region, which plays a vital role in the global economy. The MOU was signed by Dr. Mena Phattaranawig, Executive Vice President of EXIM Thailand, and Mr. Guillermo Freire, Senior Vice President, Mid-Market Group, EDC, at EXIM Thailand's Head Office on June 29, 2026.
This collaboration marks a significant milestone in commemorating the 65th anniversary of diplomatic relations between Thailand and Canada. It also serves as an important platform for connecting business and investment opportunities between two countries. Under the MOU, both institutions will collaborate to support high-potential projects in Thailand, Canada, and the Asia-Pacific region through financial cooperation, market intelligence sharing, and business networking. The collaboration aims to help entrepreneurs effectively expand their international trade and investment activities, with a focus on industries aligned with global economic trends, including agriculture and food, clean technologies, digital and advanced technologies, advanced manufacturing, and minerals. In addition, both organizations will promote knowledge exchange in environmental, social and governance (ESG) practices, risk management, and sustainable finance to foster balanced and sustainable economic growth.
Thailand and Canada have continued to strengthen their economic ties over the years. In 2025, international trade reached 128,748 million baht, representing a 13% increase from the previous year and accounting for approximately 0.6% of Thailand's total trade. Thailand's exports to Canada amounted to 84,783 million baht, up 13.4%, while imports from Canada totaled 43,966 million baht, an increase of 14%. Meanwhile, Thailand's direct investment in Canada stood at 2,804 million baht, while Canadian investment projects approved by Thailand's Board of Investment (BOI) totaled 1,955 million baht, underscoring the strong potential for expanding long-term economic cooperation between the two countries.
EDC is the export credit agency of the Government of Canada, dedicated to supporting Canadian businesses succeed in global markets through financing, insurance, and advisory services. The collaboration between EXIM Thailand and EDC represents another important step toward strengthening international trade and investment while creating new opportunities for Thai and Canadian businesses to achieve sustainable growth amid a rapidly evolving global economic landscape.
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