President Ts.Elbegdorj paid a working visit to the Principality of Liechtenstein between January 19th and 21st. The President met and exchanged views on bilateral relations and cooperation with the reigning Prince of Liechtenstein, Hans-Adam II, the Prince Regent Alois, the Prime Minister of Liechtenstein, Adrian Hasler and the Minister for Foreign Affairs, Education and Culture of Liechtenstein, Aurelia Frick.

Liechtenstein is the largest banking and financial center in Europe with its banking sector making up 25 percent of GDP.

The President of Mongolian and representatives of Liechtenstein emphasized that bilateral relations between Mongolia and Liechtenstein are based on common values such as legislative power and human right. Both parties added that there are no differences in the value of these and agreed that bilateral relations have been enriched because of the visit.

Mongolia established diplomatic relations with the Principality of Liechtenstein 16 years ago. Former Presidents of Mongolia N.Enkhbayar and N.Bagabandi had also conducted official visits to the Principality.

During the meeting by President Ts. Elbegdorj, he invited the reigning Prince of Liechtenstein, Hans-Adam II and the Prince Regent Alois of Liechtenstein to make a visit to Mongolia.

The President`s visit to Liechtenstein comes just before the World Economic Forum in Davos, Switzerland.