Mongolia and Germany reviews implementation of intergovernmental agreement
An intergovernmental agreement between Mongolia and the Federal Republic of Germany on cooperation in mining, industry and technology sectors was signed in 2011.
An intergovernmental agreement between Mongolia and the Federal Republic of Germany on cooperation in mining, industry and technology sectors was signed in 2011. The VI meeting of a working group in charge of ensuring and monitoring implementation of the agreement was held recently. The parties discussed on intensifying operation of the German Mongolian Institute for Resources and Technology and upgrading it to the Asian center of German education. Moreover, the parties highlighted joint works being implemented on the Sainshand wind farm (50 MW) project and its investment, Yuroo river hydropower plant and Ulaanbaatar city air pollution reduction. The parties exchanged views on ways to finance joint projects, opportunities for increasing German investment in Mongolia, educational cooperation, investment opportunities and legal environment of Mongolia. Back in 2011 during Chancellor of Germany Angela Merkel’s visit, a mineral agreement was signed between the countries which is an important document that allows Mongolia and Germany to develop bilateral relations and cooperation in mineral and mining sectors, and facilitate trade and economic ties to a new level. In addition to the mining and mineral sectors, there is a possibility to expand cooperation in the use of German technology in aviation, transport, rail infrastructure, construction and urban development sectors, and in the introduction of international standards.
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