“Jurin” discusses the Mongolian ambassador’s goal is to increase the value of trade among themselves to 3,000 million in the year 66 and to approve the establishment of a subcommittee on trade. Ready to consider the possibility of exporting “rice, food, rubber”. Mongolia calls on Thailand to increase imports of “meat, milk”.
On May 20, 2021, Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce, was appointed Unveiled after Mr Lumur Amarzana, Ambassador of Mongolia to Thailand to meet and discuss it was the first time in history that the Ministry of Commerce had the opportunity to meet an ambassador from Mongolia to greet. After 47 years of relations between the two countries, both sides came together. To drive the increase in trade value between 2020 from 2020 to 3,000 million baht in 2023, which is very likely. Because Mongolia will use Thailand as a gateway to the ASEAN market. And Thailand could use Mongolia as a trade portal to Russia or as a group of countries that could break away from Russia.
It was also agreed to set up a trade subcommittee. Has to host the Ministry of Commerce Under the Thailand-Mongolia Joint Dialogue Committee That the Ministry of Foreign Affairs is responsible for it.It is used as a platform for trade negotiations among each other. Before developing into a future Joint Trade Commission (JTC) and will work together to accelerate the formulation of mutual investment treaties and the enforcement of double taxation treaties. As well as working together to reduce transportation costs. Because the original export to Mongolia Or Mongolia to Thailand Must first go by sea through China But if able to deliver overland It will be an alternative and reduce costs.
Mr. Jurin said Thailand took the opportunity. Mongolia is urged to support imports of Thai foods such as rice, spices, canned foods, processed foods, beverages, sugar, rubber products, medical devices and paper. September 2021 and to coordinate the private sector or importer of Mongolia in participating in the business matching negotiations to increase trade opportunities between them and when COVID-19 is eased, Mongolian tourists will come to Thailand. Get health services or health tourism
Mongolian Section He asked Thailand to support the import of meat and milk with the main markets of Mongolia, China and Russia. Which informed that Thailand is ready to support However, the steps must first be certified by the Ministry of Agriculture and the Ministry of Animal Development in Thailand for food safety. Do the steps first And asked to assist in the preparation of an investment protection agreement between them Which informed me that Thailand will do a central model, a standard model for investment protection. Can be applied to any country in the world And interested in a non-double taxation treaty Reduction in transportation costs As well as being informed that Welcome to Thai healthcare investors who have recently invested in some Thai hospitals.
With 3.3 million inhabitants and a GDP of around 4.4 billion baht, Mongolia is Thailand’s sixth most important trading partner among the East Asian countries. The trade value between them in 2020 is around 1,140 million baht.
