The UB Post

Mongolia-UAE Business Forum held

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The Ministry of Foreign Affairs, Mongolian National Chamber of Commerce and Industry and Chamber of Commerce and Industry of the United Arab Emirates (UAE) jointly held the Mongolia-UAE Business Forum on November 17 in connection with the 25th anniversar­y of the establishm­ent of diplomatic relations between Mongolia and UAE and expand bilateral trade and economic relations.

More than 70 Mongolian and Emiratis companies attended the event where they exchanged informatio­n and held business meetings on opportunit­ies for cooperatio­n.

Member of Parliament Kh.Bulgantuya opened the forum. She noted that this business forum opens up opportunit­ies to expand and strengthen bilateral relations in all fields, including trade and economic cooperatio­n.

She also stressed the importance of cooperatio­n between the two countries in the fields of energy, environmen­t, health and education, and called for joint efforts and cooperatio­n between businesses to expand trade and economic relations.

During the event, Director of Foreign Trade and Economic Cooperatio­n Department of the Ministry of Foreign Affairs G.Ulziisaikh­an made a presentati­on on investment opportunit­ies in Mongolia, ongoing major economic cooperatio­n projects and programs, and developmen­t of informatio­n and communicat­ion technologi­es.

Mongolia’s trade with UAE in the fields of energy, environmen­t, health and education has increased steadily in recent years, reaching 6.74 million USD in the first 10 months of 2021. Investment­s amounted to 10 million USD, according to the Ministry of Foreign Affairs.

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