BAAC supports farmers organizations joint trade negotiations, ADBC, China, Siam Rath

Today (November 25, 2022), Mr. Seksan Chankwang, Deputy Director of the Bank for Agriculture and Agricultural Cooperatives (BAAC), chaired the Business Matching meeting for BAAC and ADBC ​​clients between the Agricultural Development Bank of china. (Agricultural Development Bank of China: ADBC), led by Zhu yuan yang, Assistant General Manager, ADBC ​​​​​​and team with Agricultural Cooperatives for Customer Marketing, BAAC Roi Et Co., Ltd., Roi Et Agricultural Cooperatives Co., Ltd., operators who harvest rice and rice processing Distribution and acceptance of OEMs and agricultural cooperatives for marketing customers, BAAC Kamphaeng Phet Co., Ltd., operators who buy fresh cassava and process it into cassava for sale Both institutes of farmers are considered certified entrepreneurs for the quality of production according to international standards. And it has the potential to produce products for export. The meeting was negotiated through the VDO Conference system.

This business negotiation meeting Encourage customers of BAAC to expand the scope of business activities from domestic to international ones. and connect ADBC’s customers to have access to production and raw material sources for quality agricultural products at reasonable prices directly from upstream producers. The companies involved in the negotiations consist of 1) Xiamen Huifeng Industrial Co., Ltd. 2) Guangxi Jinyuan Biochemical Industry Co., Ltd. 3) Co. Jinyimeng Group Co., Ltd. 4) Jiangxi Rice Industry Co., Ltd. 5 ) Suzhou Wansen Noodle Products Co., Ltd. All of them are ADBC ​​​​​​Bank supported customers. This allows you to have the certainty of being a potential partner in terms of capital and purchasing power and, by the BAAC, will facilitate the screening of exporters who have the capacity to produce and deliver. And take care of international payments for customers of both banks. This meeting is therefore a preliminary cooperation to expand the results. Including other major agricultural products markets of BAAC customers in the future

BAAC and ADBC ​​​​​​have signed an agreement for cooperation in various developments since 2005, be it staff training, development and improvement of efficiency. Exchange of information and expertise in the context of the development of small and medium-sized enterprises. extending to client development in terms of boosting production using technology and innovation to reduce costs and increase productivity Including marketing linkages between clients of both banks, which in addition to building trust for clients also creates opportunities in world of business and international trade.