On 5-9 June 2022, His Excellency Mr. Sorayut Chasombat, Ambassador of Thailand to Bolivia and delegates from the Royal Thai Embassy in Lima, organized a business trip to La Paz, Bolivia, to survey trade and Investment opportunities for the Thai private sector in Bolivia and to initiate cooperation to develop Bolivia's industrial development, especially for Bolivia's important mineral resources such as lithium, which complements Thailand’s strategy to become the hub of electrical vehicle battery production in the ASEAN region. Bolivia is a potential partner for the development of Thailand’s Bio-Circular-Green (BCG) Economic Model and targeted S-Curve industries. The delegation met with various high-level representatives from government and private agencies, such as the Vice Minister of Foreign Affairs of Bolivia, Minister of Productive Development and Plural Economy of Bolivia, the National Chamber of Commerce of Bolivia, the National Chamber of Industry of Bolivia, the Bolivian Institute for Foreign Trade and Bolivian companies with potential in the fields of agriculture, gas, and the mining industry, especially minerals, lithium, gold, natural gas, quinoa and coffee.