On April 27, 2015, Thai-Russian Chamber of Commerce (TRCC) convened an annual meeting. Among the participants were not only members of TRCC but guests from the Chamber of Commerce of Thailand, Thai Federation of Industries, Thai-Russian Business Council as well as Presidents of Foreign Chambers of Commerce in Thailand. H.E. Mr. Kirill Barsky, Ambassador of the Russian Federation to the Kingdom of Thailand, was also present.
TRCC was set up 15 years ago and is recognized as one of the most dynamic Foreign Chambers of Commerce making a substantial contribution to the development of bilateral trade with Russia.
In his opening remarks, the Russian Ambassador emphasized the role of TRCC in promoting trade and economic cooperation between Russia and Thailand. He briefed the audience on the outcome of the official visit of H.E. Mr. Dmitry Medvedev, Prime Minister of the Russian Federation, to Thailand on April 7-8, 2015 and expressed confidence in prospects of Russian-Thai relations, which are now gaining momentum. Alongside with traditional trade directions new areas of cooperation are being explored by the two sides – energy, transport, infrastructure development, science and technology, arms sales, agriculture. Many projects are already “in the pipeline”.
Mr. Barsky stressed that Thailand is Russia’s biggest trading partner among ASEAN countries with trade turnover amounting 4.9 billion USD while Russia is the eighth trading partner for ASEAN with overall trade volume over 21 billion USD. He reminded that last year the Russian-Thai trade demonstrated 18.7 percent growth as compared to 2013.
The Ambassador assured Thai businessmen that the economic situation in Russia is stable and that anti-recession measures taken by the Government of the Russian Federation are now paying off. He urged the local business community to step up their trade deals and investment cooperation with Russia not to miss the chance opened by the current political and economic environment.
Dr. Sombat Thiratrakoolchai, President of TRCC, announced that the plan of Chamber’s activities for 2015-2016 included holding a Thai-Russian Business Forum in Bangkok and sending a Thai business delegation to Vladivostok and Khabarovsk. In the course of the ensuing discussion TRCC members underscored significance of stronger banking cooperation between the two countries and spoke in favor of early launching of negotiations on draft Free Trade Agreement between Thailand and the Eurasian Economic Union – a new integration entity established in January 2015 by Russia, Belarus, Kazakhstan and Armenia with a common market of 185 million people.