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International relations

Thailand and Russia-led bloc to launch free trade talks

Partners aim to triple trade to $10bn by 2020

Thailand hopes more trade with the Russia-led Eurasian Economic Union will contribute to the growth of its Eastern Economic corridor. (Getty Images)

BANGKOK -- Thailand plans to begin talks soon on a free trade agreement with Eurasian Economic Union, a Russian-led trade group, concluding the discussions within a few years, according to Thai government officials.

Through the pact, Thailand hopes to triple trade between the two sides to $10 billion by 2020, said Oramon Sapthaweetham, director-general of Thailand's Trade Negotiations Department on Monday.

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