Bangkok, Commerce Minister discusses Minister of Foreign Affairs of Mongolia Push forward to expand trade between each other, setting a goal that in 2027 the trade value must exceed 100 million US dollars. Thailand announces readiness to be a source of food security for Mongolia. Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce Revealed after discussion with Ms. Battsetseg Batmunkh, Minister of Foreign Affairs of Mongolia. On the occasion of visiting Thailand for the first time and expressing readiness to host the 2nd Thai-Mongolia Joint Trade Committee (JTC) meeting within 2024, in addition, both sides were pleased with the success in being able to summarize key points. of preparing a memorandum of understanding on agricultural cooperation between each other And this year marks the 50th anniversary of diplomatic relations between Thailand and Mongolia, where both sides have had close ties. In addition to exchanging participation in activities to promote trade between each other. Fi nding transportation channels that will reduce logistics costs is important in order to stimulate trade between Thailand and Mongolia to grow beyond US$100 million before 2027, as both sides have set. The first Thai-Mongolia JTC meeting was held. Thailand is ready to be a source of food security for Mongolia. By inviting Mongolia to participate in the international food exhibition. THAIFEX-ANUGA ASIA 2024 this May. Moreover, Thailand is ready to appoint an Honorary Advisor on International Trade once the selection process is complete. To promote it as one of the important factors that will create a strong environment and sustainable stability of trade and investment of the two countries. In 2023, Mongolia was Thailand's 108th trading partner, with a trade value between them of 88 million US dollars. Thailand exported 21 million US dollars to Mongolia. Important export products include paper and paper products, beverages, automobiles, equipment and components, sugar, and Thai imports from Mongolia amounted to 67 million US dollars. Important imported products include other metal ores, scrap metal, mineral water drinks. Soft drinks and spirits Automotive components and equipment Recently, a Mongolian importer (Central Investment Group LLC) traveled to Thailand to negotiate food products (rice, cooking and bakery oil, and sugar) as well as Mongolian importers. (Meat Import and Export Company) attended the trade show THAIFEX-ANUGA Asia too. Source: Thai News Agency