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Expert: Agreement on free trade zone with EAEU will be beneficial for Thailand

May 10, 14:13 UTC+3 BANGKOK
Earlier Russia’s First Deputy Economic Development Minister said that Moscow and Bangkok agreed to start talks on creating a free trade zone between EAEU and Thailand
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Paradorn Rangsimaporn

Paradorn Rangsimaporn

© TASS

BANGKOK, May 10. /TASS/. The agreement on creating a free trade zone between the Eurasian Economic Union (EAEU) and Thailand would be beneficial for the kingdom in several ways, Thailand’s political analyst and author of the book on Russia’s foreign policy in the Asia-Pacific "Russia as an Aspiring Great Power in East Asia" Dr. Paradorn Rangsimaporn told TASS on Tuesday.

"I personally believe it would be a good move for Thailand to seriously study this possibility and the implications of such an agreement. I think that such an agreement would not only provide Thailand with a new and large market encompassing 5 economies, but also an opportunity for Thais to engage more with countries that are traditionally distant from Thailand and that we don't know much of. So such economic engagement would also bring about political and socio-cultural dividends," Rangsimaporn said.

Earlier Russia’s First Deputy Economic Development Minister Alexey Likhachev, who paid an official visit to Thailand’s capital at the beginning of April, said that Moscow and Bangkok agreed to start talks on creating a free trade zone between EAEU and Thailand. "We agreed that we will initiate talks on creating a free trade zone. The scheme of work will be the same as in case with making a similar agreement with Vietnam," Likhachev said.

 

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