The cabinet yesterday approved a draft memorandum of understanding (MoU) to set up a Joint Trade Committee (JTC) between Thailand and Mongolia, aiming to expand bilateral trade to US$100 million in 2027.
According to deputy government spokeswoman Rachada Dhnadirek, the first JTC meeting between Thailand and Mongolia is scheduled for Sept 5-6, meant to promote and strengthen trade relations and investment and economic cooperation.
A JTC meeting is scheduled every two years, chaired by representatives agreed upon by both parties. The committee members are representatives of the public and private sectors from both parties.
