Thailand plans to sign free trade area agreement with EAEU, PM says


VLADIVOSTOK, September 3. / TASS /. Thailand hopes to secure a free trade area agreement with the Eurasian Economic Union (EAEU), the country’s Prime Minister Prayut Chan-o-cha said on Friday during his video link address at the Economic Forum of Thailand. ‘East (EEF).

“We hope that we can conclude a number of free trade agreements with other key economies in various regions, including the EAEU. There is no doubt that it (EAEU – TASS) has very great potential as a market in the Eurasian region. Thailand intends to continue a constructive dialogue with EAEU member states, including Russia and Kazakhstan, so that we can move forward together on such an important and urgent agenda, “he said.

He also highlighted the prospects of the Far East as a link between Russia and the Asia-Pacific region. Chan-o-cha stressed that the Far East region fits well into the Russian concept of creating a partnership for the Greater Eurasia.

“In this regard, I see a large number of opportunities for future cooperation to strengthen ties in the areas of infrastructure, trade, investment, exchange of experiences in tourism development and creation of special economic zones “, added the Prime Minister.

In addition, he said that Thailand is actively developing the Eastern Economic Corridor (EEC), which is located along the east coast of the kingdom and is a popular tourist destination. Chan-o-cha mentioned the similarity of this region to the Russian Far East, adding that they both have enormous potential. He called on foreign investors to invest their capital in digital technologies, healthcare and smart logistics in the EEC, noting that the region has excellent infrastructure and modern mechanisms to boost investment.

The EAEU is an international association for economic integration whose members are Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. Observer status has been granted to Moldova, Uzbekistan and Cuba. The EAEU has already signed free trade area agreements with Vietnam, Singapore and Serbia. In total, around fifty proposals were received from various countries and associations to establish partnerships with the EAEU.

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