Thai Union's CFO Ludovic Garnier told CT the deal is an investment in its 2030 sustainability goals and the "future of the Thai blue economy", in part through training and investment in smallholder farmers; the ocean economy is worth 30% of Thailand's GDP.
The agreement is part of a total package of $306m which will help provide funding for business loans and for financing electric vehicles; MSMEs contribute to 30% of India's GDP and employ over 120 million people, including female entrepreneurs.
A fishbowl discussion at GTR Asia saw an animated debate between ‘frenemies’ - an international banker and three fintech representatives - on how to tackle the persistent $1.5 trillion trade finance gap
Asia accounted for $692 billion of the global trade finance deficit of $1.6 trillion in 2015, hurting growth and jobs, a study by the Asian Development Bank found.