First meeting of Mongolia-Thailand Joint Trade Committee held
Deputy Prime Minister and Minister of Commerce of the Kingdom of Thailand is paying an official visit to Mongolia on September 5-7 at the invitation of the Minister of Foreign Affairs of Mongolia.
Deputy Prime Minister and Minister of Commerce of the Kingdom of Thailand is paying an official visit to Mongolia on September 5-7 at the invitation of the Minister of Foreign Affairs of Mongolia. Within the framework of the visit, the Minister of Foreign Affairs of Mongolia and Deputy Prime Minister and Minister of Trade of the Kingdom of Thailand signed the ‘Memorandum of Understanding on the Establishment of a Joint Committee on Trade between the Ministry of Foreign Affairs of Mongolia and the Ministry of Commerce of the Kingdom of Thailand’, and organized the first meeting of the committee. During the meeting, there was a broad exchange of views on the future objectives and activities of bilateral cooperation, and a discussion was held on expanding relations in the fields of economy, agriculture, tourism, technical cooperation, and logistics.The trade turnover between the two countries has been increasing in recent years and the sides held talks on intensifying the establishment of the ‘'Agreement for Avoidance of Double Taxation and Prevention of Fiscal Evasion’' and ‘'Agreement on the Mutual Promotion and Protection of Investments’' with a view to further accelerating the cooperation in trade. Moreover, they exchanged views on the development of mutually beneficial trade and economic cooperation based on the potential for good political relations. At the end of the meeting, the two sides reiterated their commitment to continue working closely together to further deepen their cooperation within the scope of the United Nations and other international organizations.