EDC launches representation in Thailand, opening new doors for Canadian exporters

With an expanded presence inSoutheast Asia, EDC can help Canadian companies seize opportunities in the region's third-largest market

OTTAWA, ONandBANGKOK,May 26, 2025/PRNewswire/ -- Export Development Canada (EDC) is pleased to announce the opening of its newest Asian representation inBangkok, Thailand, marking a significant milestone in EDC's Indo-Pacific strategy. This expansion underscores EDC's commitment to supporting Canadian businesses in navigating and capitalizing on the dynamic and rapidly evolving Thai market.

Thailandis a key driver of economic growth inSoutheast Asia, and as one of the region's largest economies, boasted a gross domestic product (GDP) of over$500 billionin 2024. The country's strategic location at the heart ofSoutheast Asia, coupled with developed infrastructure and a business-friendly environment, makesThailandan important hub for Canadian trade and investment in the Indo-Pacific region. Canadian exporters have already had success in the market, growing trade toThailandby$1 billion, or 17%, between 2019 and 2024.

"EDC has long focused on trade diversification to help Canadian companies seize opportunities beyond our traditional markets,"saidAlison Nankivell, President and CEO, EDC."The new representation inBangkokis part of EDC's broader Indo-Pacific strategy, aimed at investing in resources and relationships that align with both Canadian strengths andThailand'seconomic and sustainability priorities. For companies looking to diversify into the Thai market or to establish a long-term presence, we're here to help you."

This newly launched representation inBangkokwill provide vital assistance for Canadian exporters, helping these companies navigate the Thai market and seize on the country's growth opportunities. Agri-food, infrastructure, aerospace and clean technology are key sectors for Canadian exporters inThailand. In 2024, EDC supported over 200 customers inThailand, helping generate more than$350 millionin business, and with potential for much more.Southeast Asiais a region with strong potential and has emerged as a priority market for Canadian companies.

EDC's financing, insurance and knowledge solutions are designed to help companies manage trade-related risks, expand internationally and reach new markets. Our in-market staff in bothCanadaand in the Indo-Pacific region collaborate closely with Government ofCanadatrade partners, working alongside the Trade Commissioner Service and Global Affairs Canada to help Canadian exporters navigate the challenges of entering new markets and capitalize on growth opportunities in key sectors.

"Thailand'sstrategic location and robust economic growth make it a valuable trade and investment partner forCanadain the Indo-Pacific region,"saidSara Wilshaw, Senior Assistant Deputy Minister International Trade, and Chief Trade Commissioner Global Affairs Canada."EDC's new presence inBangkokaligns with the Government ofCanada'sbroader strategy to strengthen bilateral trade relations and support Canadian companies as they explore new opportunities in this vibrant market."

CanadaandThailandshare a robust trade relationship, with bilateral trade upwards of$6 billionin 2024.Thailand'sparticipation in the Association of Southeast Asian Nations (ASEAN) Free Trade Area andCanada'sinvolvement in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) strengthen trade positions in the region. WithThailand'scommitment to achieving carbon neutrality by 2050 and net-zero emissions by 2065, there are significant opportunities for Canadian companies specializing in renewable energy, energy efficiency solutions and sustainable technologies.

The newBangkokrepresentation, led by Chief RepresentativeCindy Lim, complements EDC's existing Indo-Pacific representations inNew Delhi,Mumbai,Shanghai,Beijing,Jakarta,Seoul,Tokyo,Ho Chi Minh City,Manila,Sydneyas well as a branch in Singapore.   

About EDC

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. 

For more information and to learn how we can help your company, call us at1-800-229-0575or visitwww.edc.ca.

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SOURCE Export Development Canada