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Somkid, Prawit off to Russia, Belarus on trade mission

Feb 21. 2016
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By The Nation

DEPUTY Prime Ministers Somkid Jatusripitak and Prawit Wongsuwan will visit Russia and Belarus from today until Saturday to negotiate trade and investment.

 

 

Their trip precedes Prime Minister Prayut Chan-o-cha’s official visit to Russia in May this year.

Meanwhile, the Commerce Ministry will negotiate with Russia’s ministry of industry and trade to set up business partnerships promoting bilateral investment and trade. They also will collaborate on agricultural products especially rubber and rice, Commerce Minister Apiradee Tantraporn, who will be joining the delegation.

In Belarus, they will meet the deputy prime minister for the economy, the president of the country’s petrochemical committee, and its rubber firms to negotiate about trade partnerships between the two countries, she said.

Apiradee added that up to 37 Thai corporates will join the delegation to take part in a business-matching event.

They include agriculture and food-processing business, medical equipment, construction raw materials, auto parts, garments, and hospitality business. "Up to 40 Russian firms have also agreed to join this event," she said.

Somkid will chair an event bringing together 10 Thai and Russian corporates under the concept "One-on-One", as well as a Thai-Russian Business Round Table. Both events would explore opportunities to expand trade and investment, she said.

Bilateral trade was worth Bt70.65 billion at the end of 2015, a 50-per-cent decline year-on-year because of the depreciation of the ruble. Bilateral trade value with Belarus recorded Bt2.51 billion at the end of 2015, up 7 per cent year-on-year.

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