Mongolian President Kh.Battulga is expected to visit Tehran later this year to attend the Asia Cooperation Dialogue Forum. The event will provide a good ground for the expansion of bilateral trade between Iran and Mongolia said, Mojtaba Khosrotaj, Head of Iran’s Trade Promotion Organization (TPO).

The issue was discussed during the visit of Mongolia’s Deputy Foreign Minister B. Battsetseg to Tehran on 4-7 September.  She held talks with Iranian officials, including Iranian Foreign Minister Mohammad Javad Zarif and discussed expanding bilateral ties between Iran and Mongolia in various fields.

The Iranian side said logistics and transportation were two main factors hindering expansion of trade relations between the two countries, stressing the need for finding ways to boost trade transactions. Mr Javad Zarif also stressed that visa waiver, reducing customs duties and establishing banking relations would act as incentives for Iranian businesses to have a more active presence in Mongolia’s market.