Export Development Canada (EDC), Canada's export credit agency, has signed a memorandum of understanding with the Export-Import Bank of Thailand (EXIM Thailand) to advance bilateral investment and increase trade and cooperation between the two nations and the broader Asia Pacific region.
The agreement helps to establish a framework for collaboration between the two organisations to support projects in both countries and across Asia-Pacific, while enhancing cooperation in sectors of mutual interest.
Alison Nankivell, president and CEO of EDC, said: "This partnership is particularly important in bolstering sectors such as clean technology, infrastructure and digital industries, where Canadian expertise can drive sustainable growth in Thailand and the broader region."
Charat Rattanaboonniti, president of EXIM Thailand, said through this collaboration, Thailand could enhance access to financing, foster business connections and unlock opportunities for both Thai and Canadian companies across Asia-Pacific.
Collaboration would focus on priority sectors including agri-food, clean technologies and energy transition, digital industries, advanced manufacturing and critical minerals.
The agreement also enables knowledge sharing on sustainability practices, risk management and sustainable finance.
In 2025, bilateral merchandise trade between Canada and Thailand reached approximately CA$7.4 billion with opportunities continuing to grow in areas such as agri-food, infrastructure, advanced manufacturing, clean technology and digital industries.
Canadian exports to Thailand reached CA$1.14 billion in 2025, a cumulative average growth rate of over 7% from 2020 to 2025.
