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Trade, investment discussed with Russian PM

Posted by pakin On November - 13 - 2014

Thailand and Russia on Thursday reaffirmed their commitment to continue mutual cooperation in trade and investment, particularly in the agricultural and logistic sectors.

The agreement was made during a bilateral meeting between Thai Prime Minister Prayut Chanocha and his Russian counterpart Dmitry Medvedev on the sidelines of Asean Summit in Myanmar’s capital of Nay Pi Taw.

The two sides congratulated each other on their longstanding ties ahead of the 120th anniversary of diplomatic relations in 2017. With Thailand remaining a popular destination for Russian travellers, Gen Prayut assured Medvedev that the Kingdom was a safe place to visit and that his government would make every effort to ensure the wellbeing of all visitors.

The Thai premier also thanked Russia for increasing its imports of Thai agricultural products, including fruits, vegetables and canned foods and expressed the hope that bilateral trade would double to about US$10 billion by 2016.

The PM also extended an invitation to Russia to invest in Thailand’s infrastructure development projects.

In return, Medvedev voiced readiness to push trade and investment cooperation between the two countries, saying he would further expand the market for Thai produce within Russia. The Russian premier said he considered Thailand one of Russia’s leading partners in Asean and insisted that bilateral cooperation would be increased in many areas, such as energy, tourism and cultural exchange.

He also invited Gen Prayut to make an official visit to Russia when convenient.

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