Mongolia-EU framework agreement adopted
European Union adopted a decision on the conclusion of the Mongolia-EU Framework Agreement on Comprehensive Partnership and Cooperation.
The Council of the European Union adopted a decision on the conclusion of the Mongolia-EU Framework Agreement on Comprehensive Partnership and Cooperation and it will enter into force on November 1, 2017. Once it enters into force, the Agreement will supersede the current legal framework of the 1993 Agreement on Trade and Economic Cooperation between the European Economic Community and Mongolia. It will provide the basis for a broader and more effective engagement by the EU and its Member States with Mongolia moving forward. The Agreement will broaden the scope of Mongolia-EU partnership and strengthen bilateral cooperation in commerce, economy, development assistance, agriculture, rural development, energy, climate change, research, innovation, education and culture. The Agreement covers a number of cooperation areas of mutual interest such as trade and investment, sustainable development, financial services, taxation, industrial policy and small and medium-sized enterprises cooperation, science, technology, culture, energy, transport, environment, health, civil society and tourism. The Framework Agreement’s entry into force will allow Mongolia to intensify its cooperation with the EU, cooperate in new fields and take bilateral relationship to a new level. The Framework Agreement will also become a stimulus to strengthen Mongolia’s relations with EU member states. The EU adopted a decision to establish its Representative Office in Ulaanbaatar in July, 2017.
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