Deputy commerce minister to visit Russia to boost trade

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BANGKOK, Nov 24 — Deputy Commerce Minister Apiradi Tantraporn will visit Russia for a trade meeting with an objective to double the annual value of bilateral trade to US$10 billion in two years.

Ms Apiradi said she and industrial, investment, tourism and agricultural representatives will visit Russia Wednesday and Thursday to attend the 2nd meeting of the Russian-Thai committee on trade and economic cooperation.

The Thai delegation will discuss more exports to Russia, including rice, frozen fresh chicken and fishery products.

Chicken export packing plants have been certified while the process for fish packing plant certification has been slow, she said.

In the meeting, the Thai representatives will also push for further bilateral cooperation in trade and investment including cooperation on banking, gems, jewelry, research, development and the production of aircraft and aircraft parts.

In addition, she plans to offer attractive promotional privileges to invite Russia to invest in the rubber industry in Songkhla province.

Ms Apiradi said that Thailand and Russia agreed to double the value of their mutual trade to US$10 billion in 2016.

From 2009 to 2013, trade amounted to only US$4.33 billion annually on average. In the first nine months of this year, trade amounted to US$3.83 billion, rising 10.3 per cent year-on-year.