Thailand and Russia Strengthen Industrial Cooperation

[snoop1130]

 

BANGKOK (NNT) - The Ministry of Industry has revealed that Russia expressed interest in introducing steel products to Thailand, along with other products like electrical equipment and batteries. 

 

Pimphattra Wichaikul, Minister of Industry, said that the Trade Representation of the Russian Federation in the Kingdom of Thailand recently discussed with the Thai Industrial Standards Institute (TISI) about standards and regulations related to importing TISI-regulated goods into Thailand. Currently, there are 144 items related to public safety under TISI's purview.

 

Russia ranks as Thailand's 37th trading partner and the first within the Eurasian Economic Union, comprising Russia, Kazakhstan, Belarus, Armenia, and Kyrgyzstan. 

 

The top exports to this region include automobiles, equipment, and components, accounting for 30-40% of the total export value. Following are rubber products, agricultural and food products, electrical switches and control panels, and sanitary goods for infectious disease prevention like rubber gloves and condoms.

 

In 2023, the trade value between Thailand and Russia amounted to 53.44 billion baht. Thailand exported goods worth 29.22 billion baht to Russia and imported goods valued at 24.21 billion baht, resulting in a trade surplus of approximately 5 billion baht.

 

Regarding industrial cooperation, the Ministry of Industry of Thailand signed a Memorandum of Understanding (MoU) with the Ministry of Industry and Trade of Russia. 

 

The MoU aims to enhance cooperation in industrial development, focusing on technology and innovation. It also seeks to foster collaboration in industrial development, particularly among startups and SMEs, and supports information exchange to promote investments in Thailand's Eastern Economic Corridor (EEC) and Russia's Far East region, among other initiatives.

 

By Krajangwit Johjit

 

Full story: NNT 2024-02-01

 

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[bokningar]

And if you don't have a moral compass you will make any deal that will help Russia with money so they can continue killing civilians in Ukraine. In a few year there will only be Russians and Chinese here. 

[mark131v]

Wouldn't that breach a whole ream of sanctions not to mention show the world what Thailand really is?

 

I am not at all surprised the idiots in charge are cretins with very, very few redeeming features nothing they do surprises me anymore and actually until the populace says no more it will just carry on and drag Thailand backwards

 

On present evidence the general populations apathy seems to endorse the establishments behaviour, I fear they are either too weak or too stupid to join the dots unfortunately they appear to have the government they deserve...

[flyingtlger]

Nothing ever good comes from an association with Russia....

 

Edited February 1 by flyingtlger

[brianthainess]

14 hours ago, snoop1130 said:

- The Ministry of Industry has revealed that Russia expressed interest in introducing steel products to Thailand, along with other products like electrical equipment and batteries. 

Probably becoz no one else wants to trade with them, I'd like to think Thailand expresses no interest but  Money come before morals for Thai governments.

[topt]

15 hours ago, snoop1130 said:

The Ministry of Industry has revealed that Russia expressed interest in introducing steel products to Thailand

Wasn't there a news article yesterday about a Thai Steel company (a part of Tata?) bemoaning cheaper Chinese Steel imports and the impact on Thailand. 

Now this - although "steel products" may be different I suppose......

[MrJ2U]

Match made in heaven. 

[John Drake]

11 hours ago, mark131v said:

Wouldn't that breach a whole ream of sanctions not to mention show the world what Thailand really is?

 

The US and its allies are too busy trying not to notice.

[El Matador]

Disappointed by the direction Thailand is heading.

 

The zealous politic towards Russia and China + extra taxes this year make it quite unattractive.

 

They could be smart and enjoy the benefit of being quite neutral between the West and China/Russia like India or Vietnam do. They choose the road of corruption and easy fast cash instead. Russia is a dead horse in the long run.

 

Wait till around 2030 and Phuket will be run by Russians behind the curtains.

[Guderian]

I should have thought the only two viable industries Russia has left by now are oil and armaments, neither of which is one of Thailand's strong points. Probably just hoping they can persuade Mad Vlad to take some of their unsold rice harvest in exchange for some oil, discreetly delivered in an unmarked tanker with its transponder switched off, of course.

[Srikcir]

Will Thailand then start making drones for Russia with the idea that Thailand can use required chips imported from countries that would otherwise be banned from Russian use?

I'm concerned that Putin will use Thailand to support his war against Ukraine through Thai made munition and weapon supplies other wised banned by many nations, ie., by Russian barter of oil and NLG.

Will Russia be able to recruit Thais as mercenaries?

[heybruce]

Also on ASEAN:

 

"Steel industry capacity utilisation in Thailand is on a downward spiral, with Tata Steel Thailand Plc (TSTH), a subsidiary of India’s largest steelmaker, attributing this trend to the sluggish economic recovery and the influx of inexpensive steel from China."  https://aseannow.com/topic/1318589-thailand’s-steel-industry-suffers-as-cheap-imports-from-china-flood-market/

 

How will importing Russian steel improve this situation?