Mongolia and EU hold routine meeting

The 12th regular meeting of the Mongolia-EU sub-commission
of trade, investment and tourism was held yesterday in Ulaanbaatar. Deputy
Foreign Minister B.Bolor headed the Mongolian team comprising officials from
the Ministries of Foreign Affairs, Mineral Resources and Energy, and
Environment and Tourism. The EU team of officials from the European Commission
(EC) and the EC Representative Office in Beijing was led by A.Parenti, Chief of
the EC Department of Trade.

The
meeting discussed the present state of bilateral trade and investment, the
development of mining, mineral resources and tourism in Mongolia, and likely
new areas of cooperation. The EC delegates noted that a stable legal
environment was crucial to attract foreign investment in mining. Both sides
expressed their position on several issues relating to trade and investment,
and there was progress in resolving some issues relating to trade in raw
material. The EU team said the EU was reviewing its position on taking Mongolia
out of its list of from non-market economies.