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Thai exporters risk losing orders as ESG rules tighten, EXIM warns

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Thai exporters risk losing orders as ESG rules tighten, EXIM warns

Thai exporters risk losing orders and access to major markets unless they accelerate compliance with tightening environmental and sustainability rules, EXIM Thailand has warned, as the state-owned bank prepares ESG-reporting assistance and green loans carrying interest rates from 2.75%.

Key facts

Summary

The United States, European Union and China, which together account for more than 40% of Thailand’s export value, are steadily raising environmental, carbon and sustainability standards, according to Charat Rattanaboonniti, President of the Export-Import Bank of Thailand.

The changes will have a direct impact on Thai exporters and manufacturers operating in global supply chains, requiring them to adapt their products, production processes and data-reporting systems to retain their competitiveness.

Read full article at Nation Thailand →

#China #European Union