Mongolia, Italy agree to hold business forum in the near future

2021-06-25 10:33:23

Ulaanbaatar/MONTSAME/. On June 22, the third meeting of the Mongolian-Italian Intergovernmental Mixed Commission for Economic and Technical Cooperation was held online. 

The Mongolian part to the Commission was headed by the Minister of Food, Agriculture and Light Industry Z. Mendsaikhan, the Italian part - by the Deputy Minister of Foreign Affairs and International Cooperation Manlio Di Stefano.

During the meeting, the parties exchanged views on strengthening bilateral cooperation in the fields of trade and economy, in particular cooperation in agriculture and light industry, and intensifying the bilateral relations in the fields of culture, education, energy, transport, healthcare, construction and urban planning. At the end of the meeting, the parties signed the protocol of the 3rd meeting.

Being an important trading partner of Mongolia and one of the largest markets for Mongolian cashmere export in Europe, the Italian side expressed its support for the introduction of its advanced agricultural technologies and learning from experience. It also was agreed to support human resource training in agriculture and light industry.

Minister of Agriculture Z. Mendsaikhan expressed interest in cooperating with Italy in the project of the government of Mongolia to establish a tannery complex and attracting investments from Italy’s financial insurance and product services organizations.

The parties agreed to hold a business forum in the near future in order to establish direct contacts and promote cooperation between food, agricultural, light industry and tourism enterprises of the two countries.