Thailand and Mongolia aim to double trade in next 3 years

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BANGKOK, 5 May 2013  Thailand has set a goal to double the Thai-Mongolian trade value in the next three years and expressed readiness to help Mongolia in various fields.

Speaking about her recent visit to Mongolia in her weekly TV program on Saturday, Prime Minister Yingluck Shinawatra said Mongolia is an interesting country for business investment. To achieve the goal of doubled trade value, the two countries would strengthen ties in terms of trade, investment, science, education, public health and tourism. Thailand would also promote investment in mining in Mongolia, PM Yingluck said.

Ms Yingluck added that Thailand would give Mongolia its tourism know-how for the production of personnel in the hospitality sector. One of the initiatives between the two countries was to develop dual degrees together, the PM said.

Mongolia was keen to allow Thailand to fly directly to Mongolia with hopes to boost business between them. The two countries would also develop alternative energies and promote the use of Thai silk to make clothes.