On July 21, 2016 in Dusit Thani Hotel, Bangkok the Russian delegation and representatives of the Federation of Thai Industries, the Thai Chamber of Commerce, Board of Investments of Thailand, Ministry of Commerce took part in the round-table "Russia-Thailand: horizons and mechanisms of cooperation". The discussions of the event attracted a close attention of business society of both countries.
At the business matching in his welcome speech, the Trade Representative of the Russian Federation, Mr. Oleg Maslennikov noted that at present, the world economy is facing enormous challenges. Both Russia and Thailand are trying to accommodate their economies to the global market turbulence by restructuring economic systems, seeking new growth engines and exploring opportunities for better competiveness. We are making efforts to stimulate exports and consumption, to shape efficient innovation policies and to leapfrog to knowledge-based economies. As an example, Russia has recently launched Priority Development Zones with a special stress on the Far East while Thailand has established Special Economic Zones to lure foreign investments and develop territories of the country. Russia is open to dialogue and ready for any proposals of cooperation.
The welcome address to the participants from the Russian Ministry of Industry and Commerce was delivered by Ms. Dina Djimbaldorjieva, director of Asian countries' department of the Ministry. In this address the Minister Mr. Denis Manturov wrote that the mutual trade between Russia and Thailand has seen a wave-like development for the last 5 years, the periods of a significant growth interchanged with the shrinking of trade. The reasons for the decrease in a bilateral volume of sales in 2015 were connected with a general situation in the global economy and the cut in prices for the main position of Russian export - crude oil. At the same time positive tendencies are evident, for example, the export of the production with a high degree of processing grew 11.6 times. We consider that today there are favorable conditions for the achievement of the challenge, set by the heads of Russia-Thai governments, that is to increase the volume of bilateral mutual trade up to $10 billion. Today the nomenclature of Russian export deliveries to Thailand is extending.