The Ministry of Commerce plans to establish a Commercial Affairs office in Kazakhstan to enhance trade relations. The initiative, discussed in a recent meeting, aims to promote Thai products through soft power assets. Both sides agreed on the proposal for a central trade hub in either Astana or Almaty. Trade between Thailand and Kazakhstan grew by 26% in 2023, reaching $172 million.
Thailand Plans to Establish Trade Office in Kazakhstan
Thailand is set to enhance its economic footprint in Central Asia by establishing a trade office in Kazakhstan. This strategic move reflects Thailand’s commitment to diversifying its trade partnerships and tapping into the growing market potential in the region. By opening this office, Thailand aims to strengthen bilateral relations and foster economic collaboration between the two nations.
The new trade office will serve as a vital hub for facilitating trade, investment, and cultural exchange. Thailand is keen on promoting its agricultural products, textiles, and tourism in Kazakhstan, while exploring opportunities for cooperation in sectors like renewable energy and technology. This initiative is expected to benefit both economies, providing access to a wealth of resources and expertise.
Additionally, the establishment of a trade office in Kazakhstan underscores Thailand’s broader strategy to enhance its presence in emerging markets. The Kazakh economy, rich in natural resources and growing rapidly, offers numerous opportunities for Thai businesses. By fostering stronger ties with Kazakhstan, Thailand aims to position itself as a key player in the Central Asian region while contributing to the economic growth of both countries.
