Mongolia, US hold 4th bilateral Economic Policy Dialogue
Representatives of Mongolia and the United States held the 4th bilateral Economic Policy Dialogue on February 2 in Washington, D.C.
Representatives of Mongolia and the United States held the 4th bilateral Economic Policy Dialogue on February 2 in Washington, D.C. This event is aimed at strengthening the U.S.-Mongolia strategic partnership and economic relationship, U.S. Department of State said. The two nations discussed joint responses to economic challenges, explored opportunities to deepen bilateral trade and investment, and decided to pursue cooperation in key areas, including critical minerals, clean energy, and the digital economy. The two nations reaffirmed their strong desire to build on the overall U.S.-Mongolia strategic partnership, deepen the economic relationship in areas of mutual interest, and pursue opportunities for cooperation through existing and new mechanisms, including capacity building and trade promotion. They further reiterated the importance of strengthening Mongolia’s business climate, including through full implementation of the United States-Mongolia Agreement on Transparency in Matters Related to International Trade and Investment. Both sides noted with satisfaction the signing of a Memorandum of Consultations (MOC) marking the successful negotiation of an Air Transport Agreement between the governments of the United States and Mongolia on January 24. The two nations discussed potential collaboration on projects to advance Mongolia's economic development, diversification, and independence, with a focus on renewable energy and energy security, critical minerals, transportation, food security, intellectual property rights, and the digital economy.
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