Bilateral trade between Mongolia and Belarus reached $16 million in 2018, which is an increase of 22% from the previous year.

Dubova Yaroslavovna, who is the Deputy General Director for Foreign Economic Activity from the Belarusian Chamber of Commerce and Industry, shared the data at a meeting of business figures from Mongolia and Belarus at a meeting in Ulaanbaatar.

Yaroslavovna called on both countries to increase the volume of trade between the two countries even further.

“Our two countries have great potential to increase bilateral trade volume by intensifying cooperation in areas, including mining, agriculture and transportation,” she said.

Diplomatic ties were established between Mongolia and Belarus in 1992 and have been friendly ever since.