Ulaanbaatar
Mongolia and Italy Sign Agreement on Aviation Relations
Politics
Ulaanbaatar, January 24, 2025 /MONTSAME/. Marking the 55th anniversary of the establishment of diplomatic relations between Mongolia and the Italian Republic, State Secretary of the Ministry of Roads and Transport of Mongolia Batbold Sandagdorj and Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of the Italian Republic Antonio Tajani signed an Agreement on Aviation Relations. The Agreement aims at expanding and developing international cooperation in the aviation sector between Mongolia and Italy, establishing a legal framework for direct flights between the two countries, and laying the foundation for broader cooperation across various sectors. It will help promote economic relations and boost trade turnover.
In recent years, trade between Mongolia and Italy has steadily increased, with bilateral trade turnover ranging from USD 150 to 188 million between 2022 and 2024. Italian enterprises producing knitted and woven goods have been importing combed wool and cashmere from Mongolia, comprising a major portion of exports from Mongolia to Italy, and this volume is expected to grow further.
Transporting raw materials by sea and land is time-consuming and faces numerous customs and logistical challenges. Therefore, Italian companies are keen on air freight. The Intergovernmental Agreement on Aviation Relations is vital not only for tourism and passenger transport but also for developing freight cargo operations.
The Ministry of Road and Transport Development reported that the two sides have agreed to collaborate on developing aviation relations between the two countries, expanding air transport services at regional and international levels, and fostering cooperation in road transport and other fields. The two countries will also collaborate in establishing an "International Road Transport Agreement" between the Government of Mongolia and the Government of the Italian Republic, as well as expediting mutual recognition of driver's licenses.
