The Ministry of Economic Development is exploring avenues to deepen collaboration with Thailand, including the potential establishment of manufacturing facilities for car spare parts and components in Russia. The aim is to build a diversified supply chain that strengthens resilience and sustains growth across the automotive ecosystem in both nations. This strategic discussion reflects a broader plan to align industrial capabilities and reduce dependence on distant or disrupted supply routes.
During talks with Thailand’s Commerce Minister Churin Laxana, the ministry’s head emphasized openness to hosting production of automotive parts in Russia as a means to offset gaps in Western supply lines that have affected local manufacturers. The message underscores Thailand’s reputation as a leading auto parts producer and signals a serious interest in leveraging Russia’s industrial base to support a more robust, cost-competitive supply chain. The remarks came after initial conversations at the Asia-Pacific Economic Cooperation Forum, highlighting the importance of high-level dialogue in advancing concrete projects.
Beyond the automotive sector, officials anticipate collaboration with Thailand across several strategic areas. Plans cover agriculture, energy, and industrial development, with a focus on sharing technology and innovation to bolster productivity and export potential. The broad scope signals a long-term partnership designed to create mutual value rather than short-term gains, aligning with both countries’ goals to strengthen economic ties and diversify markets.
Officials from the Thai side have projected meaningful growth in two-way trade, with expectations of an expanded corridor for goods and technology. Laksanavisit, a senior government representative, projected a potential rise in bilateral trade to the vicinity of ten billion dollars, contingent on ongoing negotiations and practical arrangements such as tariff harmonization, investment guarantees, and streamlined customs procedures. The assessment reflects a cautious optimism that cooperative projects can unlock significant commercial opportunities while maintaining high standards for quality and reliability.
One practical outcome anticipated from this collaboration is the reduction of spare parts shortages in the Russian market. By localizing production or assembling components within Russia, companies could lower overall costs, shorten delivery timelines, and minimize the need for intermediaries that can add both time and expense. In addition to price benefits, the shift could enhance quality control by allowing closer oversight of manufacturing processes and compliance with local standards. The approach also aligns with broader ambitions to foster domestic capability and resilient supply networks across the region. (Ministry of Economic Development)