Japan and Thailand have agreed to expand collaboration for the development of small and medium-size enterprises (SMEs) by mutually encouraging business-matching deals between firms of the two countries.
A memorandum of understanding on further synergy was inked last week between Japan's Organization for Small and Medium Enterprises and Regional Innovation and Thailand's Department of Industrial Promotion at the Ministry of Industry. The two organizations signed their first collaborative agreement in September 2014.
The latest pact is set to continually strengthen SMEs of the two countries, encouraging business-to-business matching and human resource development along with technology and innovation exchanges.