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Mongolia–Thailand Business Cooperation for Trade and Investment

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Mongolia–Thailand Trade and Investment Cooperation

On 5th September 2022, Mr. Kitti Pattanaleenakul, China Business Director of SCG International Corporation Company Limited in cement and building materials business attended the Mongolian-Thai Business Forum signing ceremony together with Mrs. Tselmuun Nyamtaishir, Director of Mongolyn Alt (MAK) LLC to represent Mongolia. The aim is to strengthen diplomatic, trade, business ties and develop economic cooperation between Mongolia and Thailand with the Ministry of Foreign Affairs of Mongolia and the Thai Chamber of Commerce and Board of Trade of Thailand as witnesses.

MAK is one of the leading conglomerates companies in Mongolia specialized in coal mining, geological exploration, construction material production and project development. The company aim to make an objective contribution to socio-economic development and to play a key role in sustainable growth and prosperity of Mongolia.

“I am much honored by the presence of distinguished guests on this occasion to witness the signing of the Memorandum of Understanding for establishment of the Mongolian –Thai Business Forum. This milestone marks the joint efforts of the government and private sector of both Mongolian and Thai in strengthening co-operation in the field of trade and investment “according to Tselmuun Nyamtaishir, President of Mongolyn Alt (MAK) LLC. MAK

Mr. Kalin Sarasin, Senior Chairman of The Thai Chamber of Commerce and Board of Trade of Thailand said, “We commit ourselves in driving Thai economy by increase competitiveness and reduce inequality through 3 value chains which are (1) Trade and Investment, (2) Agriculture and Food, as well as (3) Tourism and Services. We are doing our best to “CONNECT THE DOTS” not only within Thailand but outside Thailand as well. The MOU signed today will also represent earnest effort towards the objective of promoting bilateral business activities. I believe the platform created by this MOU will further enhance our mutual benefit and made one crucial step to strengthen the bonding between Mongolia and Thailand.

At SCG International, we always believe in the power of collaborations. We work with our trusted business partners to explore new business opportunities. And this is the first business forum collaborated between Mongolia and Thailand. Mongolia is resource rich country and has advantageous geographically in trade. I hope this will be a good opportunity for business in both countries. The signing of MOU today represents our effort towards the objectives to foster friendship, support the business partnership between Mongolia and Thailand, and promote greater understanding between the private sectors of the two countries. Mr. Kitti Pattanaleenakul, China Business Director said.

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