The Prime Minister of Mongolia L. Oyun-Erdene is paying an official visit to the Republic of Korea. During his visit, the Prime minister hold an official talk with his Korean counterpart Han Duck-soo on February 15, 2023. The sides reaffirmed that developing solid cooperation in the rare earth metals field, further agreed to start the dialogue on Economic Partnership Agreement based on the results of joint research, agreed upon to accelerate the renewal of the “Agreement on Investment Promotion and Mutual Protection” and to finalize the agreement in the near future to create a favorable environment for investment between our two countries. The parties discussed ways to strengthen collaboration between the two nations in the areas of culture, art, education, health, and youth development as part of an effort to increase the people-to-people exchange between Mongolia and Korea. Since the parties have been actively cooperating in the regional and international arenas, they reaffirmed their commitment to continuing to coordinate their efforts within the framework of the UN and other international organizations. The Korean side confirmed that it will continue to support our “Ulaanbaatar Dialogue” initiative, noting that the two nations will continue to contribute to and cooperate in the direction of securing peace and stability in Northeast Asia. In addition, the Korean side indicated its support for the 17th Conference of the Parties to the United Nations Convention to Combat Desertification, which will take place in Mongolia in 2026. During the course of the visit, the “Joint Statement to Start of Negotiations on the Draft Agreement on Economic Partnership between Mongolia and the Republic of Korea “, “Memorandum of Understanding between the Ministry of Mining and Heavy Industry of Mongolia and the Ministry of Trade, Industry and Energy of the Republic of Korea on Cooperation in the Supply Chain of Rare Metals,” “Agreement between the Government of Mongolia and the Government of the Republic of Korea on Cooperation in Mitigating Climate Change,” “Memorandum of Understanding between the Ministry of Construction and Urban Development of Mongolia and the National Agency of Administrative City Building of the Republic of Korea on Cooperation in the Field of Urban Development,” “Agreement between the Government of Mongolia and the Government of the Republic of Korea on the Mutual Protection of Confidential Military Information,” “2023-2026 Exchange program between the Ministry of Culture of Mongolia and the Ministry of Culture, Sports and Tourism of the Republic of Korea” were established respectively.

            On February 16, Prime Minister of Mongolia L. Oyun-Erdene paid a courtesy call on President of the Republic of Korea Yoon Suk Yeol.  Prime Minister L. Oyun-Erdene conveyed warm greetings of the President of Mongolia Ukhnaagiin Khurelsukh, and handed the President’s invitation that invites President Yoon Suk Yeol to visit Mongolia at his convenience. Prime Minister L. Oyun-Erdene highlighted that the visit was of utmost significance in a way that it reinforced the Strategic Partnership relations and multilateral cooperation, strengthened the political ties, and supported the people-to-people exchanges. President of the Republic of Korea Yoon Suk Yeol favorably accepted President U. Khurelsukh’s invitation and asked to convey his greetings to him. While emphasizing the high significance that the Government of the Republic of Korea is attaching to its relations and cooperation based on the shared values of democracy, human rights, and freedom with Mongolia, he expressed his willingness to strengthen the Strategic Partnership relations between our two countries, advance the economic cooperation to the new level and support the people-to-people exchange, in particular children and youth exchanges. 

            Agreeing on the fact that the free movement of citizens is one of the main leverages to expand the cooperation between our two countries and strengthen the friendship of the people, the two sides emphasized the importance of the cooperation between relevant organizations of the two sides in easing the visa requirements and reaching an agreement on mutual visa exemption.

            In addition, the sides noted the importance of the concerted efforts of our two countries to secure and ensure stability on the Korean Peninsula and peace and security in Northeast Asia. Then, the Korean side reaffirmed its consistent support for Ulaanbaatar Dialogue on Northeast Asian Security.  

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