The memorandum on agricultural financing was signed between the Bank of Agriculture and Agriculture Cooperatives of Thailand and Bhutan Development Bank Limited. The agreement includes the development of green loans to support sustainable agriculture, as well as credit risk assessment systems, the interconnection of international money transfer services, and the promotion of trade in agricultural products and community products. These initiatives are intended to expand access for farmers and small businesses in the two countries to financial services and commercial channels.
The clean energy agreement will be implemented between Thailand's Economic Development Cooperation Agency, the Bhutan Ministry of Finance and Norion Renewable Energy Limited. The parties plan to review the feasibility study of the 100 megawatt Tareythang agricultural-solar energy project in Bhutan and provide technical assistance to prepare its detailed design. The health agreement includes universal health coverage, disease control, health personnel training, medical research, digital health, remote medicine and artificial intelligence applications. It also envisages the transfer of Bhutanese citizens to state hospitals in Thailand. The Thai-Bhutan Free Trade Agreement is expected to come into force from 1 January 2570, the statement said.
