Thailand and Russia are targeting to increase the value of their bilateral trade fivefold in the next five years, announced Thai Commerce Minister Apiradi Tantraporn on February 26.
Thai Commerce Minister Apiradi Tantraporn (Source: bangkokpost.com)
Bangkok (VNA) - Thailand and🃏 Russia are targeting to increase the value of their bilateral trade fivefold in the next five years, announced Thai Commerce Minister Apiradi Tantraporn on February 26.
Apiradi said Thailand proposed setting up a joint panel to promote trade between the two countries to oversee commercial products, services and investment issues.
Thailand sought Russia 's cooperation to buy more agricultural produce, including rubber, rice and processed products, Apiradi said.
Meanwhile, Russia wants Thailand to negotiate a free trade area with the Eurasian Economic Union, which includes Russia , Kazakhstan , Belarus , Armenia and Kyrgyzstan , she added.
Thailand is one of Russia 's biggest trade partners in Southeast Asia while Russia is Thailand 's biggest trade partner in the Commonwealth of Independent States (CIS).
In 2015, the value of trade between Thailand and Russia reached 2.4 billion USD.
Apiradi, part of a Thai delegation visiting Russia from February 23 to 25, said the push for improved trade comes as Thailand and Russia hope to forge closer ties on a wide range of fronts.
The visit also aimed to prepare for a visit to Moscow by Thai Prime Minister Prayut Chan-o-cha on May 18.-VNA
Thai exports in 2015 are projected 4 percent of growth by the country's commercial ministry, a significant improvement after a consecutive two year period of negative expansion.
The Thai Ministry of Commerce is planning to hold a border trade fair with Cambodia featuring a discussion with the Cambodian Commerce Minister next week with aim to increase the border trade value by 25 percent this year, said the Thai Deputy Minister.
The Vietnam-Thailand Joint Committee on bilateral cooperation held its second meeting in Hanoi on March 20, during which both sides agreed to raise two-way trade to 15 billion USD in 2020.
Japanese businesses are still confident of making investments in Thailand as they believe that the country will play a very prominent role in the region once the ASEAN Economic Community takes shape.
Thailand and Cambodia have agreed to foster trade and investment along their borderline at the fifth meeting of the Thai-Cambodian Joint Trade Committee.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
Thai Commerce Minister Apiradi Tantraporn (Source: bangkokpost.com)
