Mongolia will host the 11^th Asia–Europe Meeting (ASEM) in Ulaanbaatar in 2016. The country has planned 5 billion MNT for the organization of this event, and the ASEM standing committee has allocated 2.5 billion MNT for variable expenses and the remaining 2.5 billion MNT for investment in the Ministry of Foreign Affairs budget.

The national organizing committee on ASEM is having its first official meeting today to make a breakdown of the current budget planned for the event.

ASEM is one of the world's biggest international forums, with 28 member states of the European Union, and two other European countries, 21 Asian countries, and the ASEAN Secretariat, totaling 53 members. ASEM member countries and organizations account for 60 percent of global trade. The 2016 edition of ASEM will mark its 20^th anniversary.