Mongolia and Singapore strengthen relations
The 1st policy consultative meeting between the Ministries of Foreign Affairs of Mongolia and the Republic of Singapore was held in Ulaanbaatar.
The 1st policy consultative meeting between the Ministries of Foreign Affairs of Mongolia and the Republic of Singapore was held in Ulaanbaatar. At the meeting the sides exchanged views on wide potential for further developing mutually beneficial cooperation in the fields of economy and investment while noting the development of friendly ties since the establishment of Mongolia-Singapore diplomatic relations in 1970. Mongolia’s State secretary Mr. Davaasuren expressed interest in increasing investment of Singapore in the sectors of agriculture, infrastructure and finance, and in introducing advanced technology, innovation and good corporate governance of the country to Mongolia. The Singaporean side proposed to organize a business forum, emphasizing the importance of increasing businesspersons’ awareness about business environment, market, opportunities and legal climate of the both countries. Both sides highlighted the significance of developing road and transport and communication for deepening bilateral ties in the sectors of trade, economy, investment and tourism as well as for increasing travel of citizens of the two countries. In conclusion of the meeting, they agreed to further exchange views on their foreign policies in the Asia-Pacific region and to intensify cooperation. Mongolia conveyed gratitude for Singapore’s contribution to human resources development, mentioning many specialists have been receiving courses on finance, economy, environment and so forth in Singapore since 1992 under the Singapore Cooperation Program.