Trade and Economic Interaction between Russia and Thailand: From Stagnation to Growth Potential within the EAEU Framework
https://doi.org/10.37493/2307-910X.2025.4.22
Abstract
Introduction. Russian-Thai trade relations have developed in waves and remain well below their potential. Goal. To identify key phases of development and barriers in bilateral trade in the period 2010–2024 and determine ways to intensify cooperation within the EAEU framework.
Materials and methods. The study is based on an analysis of Russia and Thailand's foreign trade statistics, the institutional framework of bilateral cooperation, and the dynamics of negotiations on establishing an FTA between the EAEU and Thailand.
Results and discussion. Periods of growth (early 2010s), decline (after 2014), and stagnation (2022–2024) were identified, as well as systemic barriers: absence of an FTA, weak logistics, and Russia's marginal share in Thailand's trade (<0.3%). The trade structure is complementary: raw materials from Russia vs. finished goods from Thailand.
Conclusion. Concluding an FTA between the EAEU and Thailand is a key instrument for bringing trade to a new level, diversifying trade turnover, and realizing the potential of the "Greater Eurasian Partnership".
Keywords
Eurasian Economic Union (EAEU),
Free Trade Agreement (FTA),
Russia–Thailand,
trade and economic cooperation,
foreign trade,
diversification,
logistics,
geopolitics
Supporting agencies: The study was carried out without targeted funding
About the Authors
A. A. Naryshkin
Moscow State Institute of International Relations of the Ministry of Foreign Affairs of Russia
Россия
Россия
Andrey A. Naryshkin - Dr. Sci. (Politics), Associate Professor, Department of Diplomacy, MGIMO University, Scopus ID: [if available], Researcher ID: [if available].
76 Vernadsky Ave., Moscow, 119454
S. D. Damidov
Diplomatic Academy of the Ministry of Foreign Affairs of Russia
Россия
Россия
Soel D. Damdinov - Master’s student, specialist in foreign economic activity in Thailand, Diplomatic Academy of the Ministry of Foreign Affairs of the Russian Federation, Scopus ID: [if available], Researcher ID: [if available].
76 Vernadsky Ave., Moscow, 119454
K. M. Obidoev
Moscow State Institute of International Relations of the Ministry of Foreign Affairs of Russia
Россия
Россия
Komron M. Odiboev - Expert, Department of Diplomacy, MGIMO University, Scopus ID: [if available], Researcher ID: [if available].
76 Vernadsky Ave., Moscow, 119454
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Review
For citations:
Naryshkin A.A., Damidov S.D., Obidoev K.M. Trade and Economic Interaction between Russia and Thailand: From Stagnation to Growth Potential within the EAEU Framework. Modern Science and Innovations. 2025;(4):188-204. (In Russ.) https://doi.org/10.37493/2307-910X.2025.4.22
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