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Thai Bank Backs Iran Trade
Economy, Business And Markets

Thai Bank Backs Iran Trade

The state-run Export-Import Bank of Thailand (Exim Bank) has offered financial services to support trading with Iran, becoming the first Thai lender to do so following the UN Security Council’s removal of sanctions on Iran in January, Bangkok Post reported. Manas Jamveha, Exim Bank’s chairman said the move is in line with the government’s policy to promote exploring and penetrating new markets. Iran is a major market in the Middle East with high purchasing power and demand for Thai goods, especially farm products and foods such as rice.

 

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