The fourth annual meeting of the Hungarian-Mongolian Joint Committee on Economic Cooperation was held today in Budapest where the Mongolian delegation was headed by Minister for Environmental Protection and Green Development Oyun Sanjaasuren and Hungary was represented by Minister of State for Economic Regulation Kristóf Szatmáry.

In light of topics on the agenda, several mutually advantageous partnership projects could be implemented in the field of water and wastewater management, construction, farming and animal husbandry, climate policy, healthcare, education as well as information technology.

In accordance with the Government’s economic policy goals, the meeting focused on developing bilateral relations, improving exports and exploring potential cooperation fields. The two parties expressed their intent to spur bilateral trade growth which requires the effective operation of the Economic Joint Committee and the fostering of partnership between organizations and enterprises.

One prioritized issue on the meeting’s agenda was the implementation of the reconstruction project of Songino Bio-Combinat. To this end, the Hungarian side reiterated the intension of re-negotiating a tied aid loan agreement for Mongolia through which the Government expects to assist Hungarian enterprises to gain ground on external markets. Hungary is ready to assist the realization of Mongolian infrastructure development projects, therefore the Hungarian Government greatly appreciated Mongolia’s initiative that the country would welcome the presence and knowledge of Hungarian enterprises for the realization of the Mongolian Government’s housing modernization programme.

At the event, the two parties signed several bilateral agreements as well.

(Ministry for National Economy)