Mongolia and the Philippines have agreed to revitalise bilateral relations and develop new areas of cooperation such as trade and investment, agriculture and tourism.

The agreement was reached during the “interesting and productive” meeting between President Duterte and Mongolian Prime Minister Jargaltulgyn Erdenebat on deepening bilateral ties at the Grand Hyatt Hotel on Sunday, May 14th.

 “Our bilateral relationship is still very young with Mongolia. It’s still not very well-developed. This also means that there’s a lot of potential,” said Evangeline Ong Jimenez-Ducrocq, executive director of the Department of Foreign Affairs-Asia and Pacific Affairs.

The two leaders also talked about enhancing political and institutional relationships, apart from Association of Southeast Asian Nations (ASEAN) and other regional developments during their bilateral meeting,

The two sides agreed to hold an exchange of visits among the senior officials of their respective countries in order to explore opportunities to expand economic, political, and cultural ties.

Mr Erdenebat, for his part, said that Mongolia looked forward to convening the next round of consultations in order to review and strengthen the cooperation of the two sides.