Minister of Investments, Industry and Trade Laziz Qudratov hosted the visiting Foreign Minister of Mongolia Batmunkh Battsetseg on Thursday.
During the dialogue, the parties discussed the ties in the field of trade-economic, investment and industrial cooperation between the two countries and the ways to advance them.
They commended the three-fold increase in the two-way trade in the recent years and pointed to the existence of a huge untapped potential, and agreed to form a Working Group on expanding the trade between and take measures to increase its volume.
The sides also analyzed the ways to expand of investment and industrial cooperation and identified the adoption of a joint program for the development of industrial cooperation, which includes specific project proposals in the fields of agriculture, light and electrical engineering industries, as a priority and first-rate measure in this regard. The parties agreed to hold a joint business forum and exhibitions in Tashkent and Ulaanbaatar.
After the talks, the parties inked an Agreement on establishment of Intergovernmental Joint Commission on Cooperation between Uzbekistan and Mongolia.
