To strengthen further the U.S.-Mongolia Strategic Partnership and economic relationship, representatives of Mongolia and the United States held the 4th bilateral Economic Policy Dialogue on February 2, 2023, in Washington, D.C. During the meeting, the two nations discussed joint responses to economic challenges, explored opportunities to deepen bilateral trade and investment, and decided to pursue cooperation in key areas, including critical minerals, clean energy, and the digital economy.
The two nations reaffirmed their strong desire to build on the overall U.S.-Mongolia Strategic Partnership, deepen the economic relationship in areas of mutual interest, and pursue opportunities for cooperation through existing and new mechanisms, including capacity building and trade promotion. They further reiterated the importance of strengthening Mongolia’s business climate, including through full implementation of the United States-Mongolia Agreement on Transparency in Matters Related to International Trade and Investment.
The two nations discussed potential collaboration on projects to advance Mongolia’s economic development, diversification, and independence, with a focus on renewable energy and energy security, critical minerals, transportation, food security, intellectual property rights, and the digital economy.
The two nations highlighted the bilateral relationship is grounded in shared democratic values. They discussed expanded efforts to strengthen the rule of law and governance, fight corruption, and uphold fundamental freedoms, including the freedom of expression online, noting that a strong democracy and a strong economy go hand in hand.
Source: mfa.gov.mn
