BANG KOK: Thailand (EECO) and other Thai Government entities signed Memorandums of Understanding (MOU) with Alibaba Group covering four areas of collaboration, including investment in a Smart Digital Hub to boost regional and global trade through E-commerce.
The Thai Government is promoting the Eastern Economic Corridor (EEC) development plan as one of the key measures to realise the Thailand 4.0 vision, which aims to help the country escape the middle-income trap, achieve sustainable growth and reduce income disparities.
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“Such mutual collaboration will be beneficial to Thai farmers, SMEs, Domestic E-commerce (B2C) operators and startups who want to gain access to the global market.”, Mr Kanit Sangsubhan, Secretary General of the EECO, said at today’s MOU signing ceremony.
“The collaboration with Alibaba Group will start a new chapter of digital trade in Thailand. as it is a significant transformation for Thailand’s business and trade procedures. The collaboration will be a great help to Thai SME entrepreneurs and farmers to increase their competitiveness in terms of new product development and access to the global market.
