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Russian Far East can become Thailand's gateway to markets of north China

By Svetlana Skarbo
05 September 2016

Second Eastern Economics Forum came with a broad range of investment offers for Thai business.

"K" Line's Hamburg Highway Makes Maiden Call at Laem Chabang Port. Picture: Logistics Manager

'We want to attract more Thai entrepreneurs to Russia's newly opened diamond exchange in Vladivostok... and a major jewellery park,' said the vice governor of Primorsky region Sergey Nekhaev. 

He sees scope in car parts manufacturing, too. 

The region is ready to become a production site and a gateway for Thai companies willing to enter vast markets of Russia and northern China,' he stressed during a meeting with Dr. Kriangsak Kittichaisaree, Thailand's Ambassador to Russia. 

The forum was held at Russky island in Vladivostok, which was recently granted free port status.  

It is also called Russia's Pacific capital, and is less than a seven hour flight from Bangkok. 

The new status of the free port offers tax preferences, less strict customs regulations, and lower cost for ships in the port. 

Mr Kittichaisaree suggested to connect Vladivostok with the largest port in Thailand in Laem Chabang. The port is some 170 km north of Bangkok, 25 km north of Pattaya, and is capable of handling the largest vessels. 

Much of the international shipping into Thailand goes through Laem Chabang.

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