A Look at Thailand’s Trade Agreement with Mongolia

Recent reports have confirmed the intention of the authorities in Thailand to increase the amount of trade carried out with Mongolia. This is part of a long-term plan for bilateral trade between the countries to reach as high as US$100 million (3.1 billion baht) in the next couple of years.

Full Details of the Meeting

This information was released following a meeting between Thailand’s Commerce Minister Jurin Laksanawisit and Tumur Amarsanaa, who is the Mongolian ambassador to Thailand. Both sides are keen to find new ways to boost trade between them and increase economic relations.

This was the first time that a Thai commerce minister had got involved in discussions like this with a Mongolian ambassador since the opening of the Mongolian embassy in Bangkok back in 2000.

It forms part of a five-year cooperation plan that began in 2019 and runs up to 2023. The overall idea is to…