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Broadcast 29-06-2022

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Mongolia-UK round table meeting was held

Densmaa 2022-05-17 01:05

The 14th Mongolia-UK Round Table Meeting took place on May 12, 2022, in Ulaanbaatar.

The 14th Mongolia-UK Round Table Meeting took place on May 12, 2022, in Ulaanbaatar. The delegation of Mongolia was headed by Minister of Education and Science while the delegation of the United Kingdom (UK) was headed by Minister of State for Asia and the Middle East at the Foreign, Commonwealth and Development Office Amanda Milling. Ministers recalled that Mongolia and the UK established diplomatic relations in 1963. They welcomed the continued progress in the Mongolia-UK bilateral relationship, reaffirmed their commitment to broadening this further, and set out their desire to negotiate a Partnership and Cooperation Agreement, to coincide with the 60th anniversary of diplomatic relations in 2023. Ministers also welcomed the inclusion of Mongolia in the UK's 'Enhanced Framework Trade Preference Arrangements from January 1, 2021, and expressed their intention to engage actively to facilitate bilateral trade and economic cooperation. They also welcomed the recent first visit of the UK Prime Ministers' Trade Envoy to Mongolia Daniel Kawczynski, and the recent agreement between Rio Tinto and the Mongolian government on the commencement of the underground phase of the Oyu Tolgoi project. It was also noted the importance of an attractive business and investment environment in Mongolia and welcomed ongoing work on investment protection, legal reform, and combatting corruption. Ministers welcomed the long-standing relationship between the London Stock Exchange and the Mongolian Stock Exchange and looked forward to furthering collaboration between respective financial institutions.

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