Thailand and Russia Pursue Free Trade Agreement with the EAEU

Thailand and Russia are enhancing cooperation in trade, tourism, culture, and education, discussing a Free Trade Agreement with the Eurasian Economic Union and reaffirming multilateral partnership commitments.

Key Points

• H.E. Mr. Russ Jalichandra and H.E. Mr. Andrey Rudenko co-chaired discussions on enhancing Thailand-Russia cooperation in trade, tourism, culture, and education on November 28 in Bangkok.
• Both parties explored ways to strengthen bilateral ties, confirming their commitment to multilateral cooperation within frameworks such as the UN, ASEAN, and BRICS.
• Thailand expressed readiness to initiate Free Trade Agreement negotiations with the Eurasian Economic Union and seeks Russian support to enhance regional trade relations.

On November 28, 2023, a significant bilateral consultation meeting took place in Bangkok, co-chaired by Thailand’s Vice Minister for Foreign Affairs, Mr. Russ Jalichandra, and Russia’s Deputy Minister of Foreign Affairs, H.E. Mr. Andrey Rudenko. The core focus of the discussions was to intensify cooperation between Thailand and Russia across multiple strategic sectors, including trade, investment, culture, tourism, and education. Both diplomats acknowledged the importance of their nations’ partnership and affirmed their mutual dedication to collaboration within established multilateral frameworks such as the United Nations, ASEAN, and BRICS.

One of the key outcomes of the discussions was Thailand’s expression of readiness to initiate negotiations for a Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU). This initiative is seen as a pivotal step toward enhancing regional trade integration and bolstering economic ties between Thailand and Russia. The Vice Minister’s appeal for Russian support in this endeavor underscores the strategic importance of fostering closer economic relations and diversifying trade partnerships.

In addition to economic discussions, the dialogue extended to cultural and educational exchanges, emphasizing the multifaceted nature of bilateral relations. The parties aim to not only improve trade conditions but also to promote mutual understanding and collaboration on cultural and social fronts. This holistic approach reflects a comprehensive strategy to deepen ties between the two nations, leveraging their respective strengths to create a more robust and interconnected partnership.

In summary, the consultations signal a promising trajectory for Thailand and Russia as they seek to enhance cooperation and explore new avenues for economic integration while reinforcing their commitments to key international organizations and frameworks.