Canada, Mongolia agree to deepen economic ties

OTTAWA — Canada's Prime Minister Stephen Harper and visiting Mongolian Prime Minister Sukhbaatar Batbold on Tuesday agreed to deepen their nations' economic ties, eventually opening free trade talks.

"Our countries are committed to developing our relationship," Harper said in a statement. "We look forward to further strengthening our ties, including cooperating on institutional reform and peace and security."

The two leaders signed memorandums of understanding to improve trade and market access, as well as strengthen both agricultural cooperation and Mongolia?s democratic governance and institutions.

As well, they agreed to fast-track negotiations on a deal to protect and promote foreign investment, holding a next round of talks by year end.

Ratification of the Foreign Investment Promotion and Protection Agreement "would be followed by bilateral exploratory discussions regarding a possible agreement on free trade," Harper's office said.

Canada is the second-largest overall foreign investor in Mongolia after China, with more than 600 million dollars invested in the country.

In 2009, two-way merchandise trade was valued at 164 million dollars.

On Wednesday, Batbold is to meet with Canada's treasury board and trade ministers, as well as business leaders.

Source: AFP (Agency France Presse-French News Service)


Post a Comment

Facebook page

Powered by Blogger.


Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive