Talks between Prime Ministers of Russia and Thailand opened in Bangkok

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Prime Minister of Thailand Prayuth Chan-ocha expressed his willingness to discuss the issues of cooperation in the spheres of trade and investment with Medvedev, noting that Moscow and Bangkok should focus on cooperation within ASEAN.

The talks between Prime Ministers of Russia and Thailand Dmitry Medvedev and Prayuth Chan-ocha opened in Bangkok on Wednesday morning.

The negotiations were preceded by the official ceremony of welcoming the Russian Prime Minister, after which the foreign ambassadors accredited in Thailand were introduced to Medvedev.

Then Medvedev and Chan-ocha exchanged their gifts. The Russian Prime Minister presented a picture with a Russian snowy town to his Thai counterpart, and invited him to visit Russia.

The Prime Ministers of the two countries started with the talks in narrow format. Chan-ocha reminded that in two years, Russia and Thailand would celebrate the 120th anniversary of the establishment of diplomatic relations, and called for his Russian counterpart "to build relations for another 120 years."

The Prime Minister of Thailand expressed his willingness to discuss primarily the issues of cooperation in trade and investment. Having noted that Russia was seeking to expand its presence in the Asia-Pacific region, Chan-ocha said that Moscow and Bangkok "should focus on cooperation within ASEAN."

He expressed his confidence that any problems in bilateral relations, if any, could be resolved, and asked Medvedev to convey his best wishes to Russian President Vladimir Putin.

"We are grateful to Russia for the support to our government," said Chan-ocha.

After a brief conversation between Medvedev and Chan-ocha, the delegations of the two countries joined the negotiations.

"We wish your Government success in the implementation of the reform program," Medvedev said to the Head of the Thai Government.

He reminded that it was the first visit of a Russian Prime Minister to Thailand in the recent history; the previous visit was paid in Soviet times.

"During our first meeting we`ve agreed to intensify our relations and we believe that there are all the pre-conditions for this," said Medvedev.

The Prime Minister of Thailand, on his part, expressed his hope that the two countries "will have an opportunity to celebrate the 120th anniversary of the diplomatic relations between Russia and Thailand with various events and new projects."

"For the first time in 25 years, we receive such a high representative of the Russian Federation. And I would like you to return to Moscow having positive memories about this visit," Chan-ocha told his Russian counterpart.

Text and pictures by RIA Novosti

Eurasian Economic Commission: establishment of currency union in EEU doesn`t imply single currency introduction

The establishment of the currency union within the Eurasian Economic Union (EEU) doesn`t yet imply the introduction of a single currency. The Minister on Economy and Financial Policy of the Eurasian Economic Commission (EEC) Timur Suleimenov said this at the meeting of the Advisory Committee on Financial Markets under the EEC.

According to Suleimenov, further interaction of the financial systems is on today's agenda, at the same time, future establishment of the currency union within the EEU doesn`t yet imply the introduction of a single currency.

"The level of economic integration on the economic and financial markets of our countries shows that at present, there are no economic prerequisites for the introduction of a single currency in the EEU states (Russia, Belarus, Kazakhstan, Armenia)," said Suleimenov.

The Eurasian Economic Commission (EEC), the permanent supranational regulatory body of the Eurasian Economic Union (EEU), was established on February 2, 2012. At the moment, the EEC includes the representatives of four countries: the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan and the Russian Federation. The decisions of the Commission shall be mandatory for the EEU member states.

Text by TUT.BY

Pictures by eurasiancommission.org