The import and export declaration review: the Thailand General Chamber of Commerce decided to set up foreign exchange risk supervision Committee for its member units especially small and medium-sized enterprises to provide member exchange rate risk supervision and guidance, and warned the domestic import and export traders anticipate currency hedging.
           The Thailand Daily reported on May 31st, the Thailand General Chamber of Commerce decided to set up foreign exchange risk supervision Committee for its member units especially small and medium-sized enterprises to provide member exchange rate risk supervision and guidance, and warned the domestic import and export traders anticipate currency hedging.
           The chairman of the Thailand General Chamber of Commerce and Industry Federation Chairman Green (silver card Lin) has pointed out that the recent rapid strong baht interviewed Thailand Bank Association and the unanimous recommendation of Thailand import and export traders must advance to prevent the risk of exchange rate fluctuations hedge operation, namely the purchase of credit insurance rate.
           He said that the final discussions between the two sides concluded that the import and export customs declaration of exchange rate credit insurance is the most effective anti risk operation to avoid the volatility of the baht. On the understanding of the situation, the national credit insurance insurance enterprises are less than 30%, and mostly large enterprises based. It can be said that the willingness of SMEs to participate in the insurance is not very positive, most of them have no budget, ready to hedge currency. With the volatility of international capital and the fluctuation of exchange rate, any rapid appreciation will bring greater risk pressure to Thailand import and export enterprises.
           The Thailand General Chamber of Commerce hopes to pull the import and export declaration to local economic growth while continuing to recruit new members. At present, the total number of members of the General Chamber of Commerce, about 100000, and to join the "Thailand authentic, all over the country" activities of the business is estimated at around 50000. He said that the establishment of the Foreign Exchange Regulatory Commission, hoping to help local SMEs development, improve local household income.