All news

Industrial products make up over 80% in trade between Russia and Thailand

This already evidences quality of trade, low dependence on energy resources, but we need diversification nevertheless, Russian Deputy Minister of Industry and Trade Alexey Gruzdev noted

PHUKET, November 26. /TASS/. The share of industrial products in the trade turnover between Russia and Thailand is over 80%, Russian Deputy Minister of Industry and Trade Alexey Gruzdev told TASS on the sidelines of the Russian-Thai investment forum.

"It should be noted that our mutual trade has very sound non-resource nature. According to our data, the share of industrial products is over 80%. This already evidences quality of trade, low dependence on energy resources, but we need diversification nevertheless. The nomenclature should be expanded and as we spoke today, there is a need to progress to joint ventures, joint developments; this will lay the basis for the long-term partnership designed for decades ahead," Gruzdev said.