Bangkok and Moscow signed a joint development pact in a ceremony at City Hall on Friday. Signing the memorandum of understanding were deputy Bangkok governor Jakkapan Phiewngam and Moscow City Government Minister Sergey Cheremin, who is also in charge of Moscow’s Department for External Economic and International Relations.

 

The MoU says the two cities will cooperate and exchange experiences in six aspects from 2023 to 2025, as follows:

• Trade and economy: Promoting entrepreneurship and supporting local businesses in international trade with other cities, especially in the digital economy and e-commerce.

 

Full story: https://bangkokone.news/bangkok-makes-pact-with-moscow-to-collaborate-on-6-aspects/

 

-- © Copyright BANGKOK ONE NEWS 2023-04-03

 

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What? No sanctions on the war mongering Czar Putin! They obviously condone what is happening to Ukraine!

26 minutes ago, 2baht said:

What? No sanctions on the war mongering Czar Putin! They obviously condone what is happening to Ukraine!

Trade is trade and conflict is conflict, many Eastern countries seems better able to separate the issues for the good of the local population. Attempts at global economic and trade sanctions are a fairly recent phenomena, historically, there have always been a majority of countries that will trade with  aggressor or country that is perceived to be in the wrong.  It's tricky, the world didn't sanction the US for invading Iraq, or take action as a result of the wars in Ethiopia or Yemen or the many conflicts in African countries, perhaps because they are mostly hidden from view and don't impact daily lives in the West. I'm not inclined to believe that Thailand shouldn't make trade deals with Russia, just because of the Ukraine conflict, after all, China is buying Russian oil, which until a year ago, Thailand was also buying, directly.

3 hours ago, webfact said:

• Trade and economy: Promoting entrepreneurship and supporting local businesses in international trade with other cities, especially in the digital economy and e-commerce.

One way trade again...

Think it's time the West dealt with Thailand which should of happened after WW2. If Thailand wants to get into bed with China and Russia they should learn there are consequences. Start with stopping all foreign aid, stop trade, confiscate all investments, property of all those involved in 2016 coup including the financiers! I love Thailand dearly but nothing will change till those running the country are brought down. 

2 hours ago, 2baht said:

What? No sanctions on the war mongering Czar Putin! They obviously condone what is happening to Ukraine!

predictable Thailand...two bob each way

29 minutes ago, BritScot said:

Think it's time the West dealt with Thailand which should of happened after WW2. If Thailand wants to get into bed with China and Russia they should learn there are consequences. Start with stopping all foreign aid, stop trade, confiscate all investments, property of all those involved in 2016 coup including the financiers! I love Thailand dearly but nothing will change till those running the country are brought down. 

Funny, the US needs Thailand's trade more than Thailand's needs the US.

 

https://www.census.gov/foreign-trade/balance/c5490.html

Edited April 3, 20233 yr by nigelforbes
add link

Lets have a terrorist state to dinner tonight there's coin to be made.. looks as ugly as it gets governor ???? 

Sat waiting for Thailand to dump the petro dollar and jump in bed with china and russia on the new trade currency

2 minutes ago, RichardColeman said:

Sat waiting for Thailand to dump the petro dollar and jump in bed with china and russia on the new trade currency

Which currency is that?

1 hour ago, tandor said:

predictable Thailand...two bob each way

A florin for your thoughts.....

... yep, 1A disgusting faqs that whole lot & I'm not surprised either ...

 

this quite disturbing, why ?, very poor for an official in Thailand to get involved like this, was he paid money to make this idiotic pact......hard to figure

 

3 hours ago, nigelforbes said:

Trade is trade and conflict is conflict, many Eastern countries seems better able to separate the issues for the good of the local population

there are lines that should not be crossed, pretty sad you don't get it

7 minutes ago, smedly said:

there are lines that should not be crossed, pretty sad you don't get it

Not everyone's lines are in the same place, US/Iraq for example. You have no idea where my lines are so you're not in a position to comment. 

Rather like doing a deal with Hitlers German in the 1930's

No decent country should cooperate with this criminal nation.

Will Thailand ask Russia for submarines?

1 hour ago, nigelforbes said:

Which currency is that?

There has been discussion in financial circles recently.

 

Last year, Saudi Arabia talked about pricing some of its oil exports in terms of the Chinese yuan.

Edited April 3, 20233 yr by StayinThailand2much

Just now, StayinThailand2much said:

There has been discussion in financial circles recently.

 

Last year, Saudi Arabia talked about pricing some of its oil exports in terms of the Chinese yuan.

I am aware, I was trying to tease an answer from the poster who doesn't seem to know. In fact, ME oil has also been priced and exported in rials and dirhams also, things are slowly changing in an attempt to get away from USD.

14 minutes ago, proton said:

Rather like doing a deal with Hitlers German in the 1930's

"History doesn't repeat itself, but it often rhymes." – Mark Twain

 

Seems, Thailand wants to be part of the Axis powers again (2039: China, Russia, Iran??). Didn't benefit Thailand back then...

Edited April 3, 20233 yr by StayinThailand2much

6 hours ago, webfact said:

The MoU says the two cities will cooperate and exchange experiences in six aspects from 2023 to 2025, as follows:

• Trade and economy: Promoting entrepreneurship and supporting local businesses in international trade with other cities, especially in the digital economy and e-commerce.

Seems like balcony safety and defenestrations could be another area of "cooperation".

 

Interesting that Bangkok Governor Chadchart Sittipunt delegated this "Signing". Savvy move.

45 minutes ago, nigelforbes said:

so you're not in a position to comment. 

but I did comment

8 minutes ago, smedly said:

but I did comment

And it's too bad you haven't learned how to debate and attack the issue instead of the poster

 

I know Thailand is trying to hedge its bets but it has to understand that it is not China or India who can run their policies to their liking as bigger pool of population and talent allows them that flexibility. Trade is not bad but keep it low key affair and not flashy.

What worries me about this is if Thailand gets affected by some sanctions or gets on a list of "not so friendly" countries. For example we could get our bank accouts back home cancelled because we live in a country that is too close to Russia.

2 hours ago, nigelforbes said:

Which currency is that?

Yuan. 

2 hours ago, nigelforbes said:

Funny, the US needs Thailand's trade more than Thailand's needs the US.

 

https://www.census.gov/foreign-trade/balance/c5490.html

I don't agree with your analysis of the data.

 

I would suggest that Thailand needs US trade more that other way around .

 

The US is Thailand's biggest trading partner .

 

The US has other third world trading partners closer to home in Mexico and South America, so I would suggest its trade agreement with Thailand is only a preferential one in Thailand's favour.

 

If together with other allies, the US imposed sanctions on Thailand, Russia/China, would not have the capacity to a absorb the loss of trade.

 

It's not only trade but economic and humanitarian aid which would amount to millions a year if not billions over time, perhaps Ukraine would be a more appreciative beneficiary.

 

US has been patient with Thailand's antics with coups democracy etc mainly because of the growing influence of China in the region.

 

China and its Belt and Road diplomacy had bankrupted a lot of countries recently and is a dangerous path to take.

 

Thailand has a bamboo ie flexible foreign policy which it has played for centuries but strain it too far and it will break.

 

Thailand's Top 25 Trading Partners 2021 (worldstopexports.com)

 

2 hours ago, PETERTHEEATER said:

A florin for your thoughts.....

10 pence for yours..

The challenge right now that the world and not just Thailand face is that the U.S. is no longer the powerful country that it was.

 

It is now more of a consumer than a provider.

 

The U.S. has ceded energy power to Russia SA and South America.  

They are dependent in most things for production from Chinese manufacturers.

 

Example I just bought a camera from AKASO which ways it is an American country.  Anyone wants to guess where the camera is made and shipped from?

 

The challenge is that when there is no one in charge or no country standing out people have to make deals with as many countries as they can in case they re the winners.

 

NOTE that it was the city of Bangkok and Moscow this is not a Thai Russian MOU and there is a difference.