Cabinet Secretariat J.Munkhbat has met with Deputy Minister of Turkish Customs and Trade Fatih Ciftci. During the meeting, they discussed trade and economic cooperation and possible areas for collaboration between the two countries.

J.Munkhbat stated that as the two countries have set a goal to reach a bilateral annual trade turnover of USD 250 million in the near future to take mutual economic cooperation to a new level. The Government of Mongolia is ready to help organise business forums between the two countries’ chambers of commerce and enterprise. He highlighted that the two countries have cooperation opportunities in the leather processing industry as Mongolia has major resources of leather products and the Turkish leather processing industry is one of the best in the world. He added that agriculture, road and transportation, tourism, light industry and investment are the main targets for the two nations to develop further mutual economic cooperation.

The Turkish deputy minister said that he is pleased to have developed collaboration between the customs and trade organisations of the two countries, and that there are possibilities to develop cooperation in handcraft industries to promote collaboration between small and medium-sized enterprises in the two countries.

During the meeting, the sides agreed to hold a Mongolia-Turkey intergovernmental commission meeting in the near future.