Thailand is “more than ready” to begin negotiations with the EAEU on a free trade zone agreement; such an agreement will contribute to the development of trade and economic ties with Russia, Thai Ambassador to Moscow Sasivat Wongsinsawat said.
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The diplomat noted that in the first three quarters of 2023, the volume of bilateral trade with Russia amounted to $1.1 billion, emphasizing that these are not impressive figures. The Ambassador pointed to optimism regarding the development of economic ties, emphasizing that it is necessary to look for solutions for this.
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“One way to help promote trade is through a free trade agreement with the EAEU. We have been discussing with the Eurasian Economic Commission (EEC) for several years the possibility of launching negotiations on an agreement. I can only confirm that Thailand is more than ready to begin negotiations with the EAEU as Only in the union will they be ready for this,” he said.
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Wongsinsawat emphasized that there are no dates for possible negotiations at the moment: “it takes two to tango – it all depends on the EEC.”
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He also said that the parties would be given an agreement: “The presence of an agreement on a free trade zone will allow our citizens to receive products at a lower cost. In addition, they will have more choice. More importantly, this will imply not only exports from Thailand to countries EAEU, but also imports to Thailand.”
