120 business representatives attend Mongolia-Singapore Business Forum

AKIPRESS.COM – 120 business representatives from Mongolia and Singapore met in Singapore to explore cooperation in finance, the green economy, technology and other sectors on October 8, Montsame reported.

The Mongolia-Singapore Business Forum was jointly organized by the Embassy of Mongolia in Singapore, the Singapore Business Federation and the Mongolian National Chamber of Commerce and Industry (MNCCI).

Ambassador of Mongolia to Singapore Uyanga G., Minister of Environment and Climate Change Sandag-Ochir Ts. and Minister of State for Manpower and Energy, Trade and Industry Foo Cexiang attended the forum as guests of honor. More than 80 companies from the two countries were represented at the event.

During the forum, the MNCCI and the Singapore Business Federation signed a Memorandum of Understanding (MoU) to strengthen ties between their business communities. The Memorandum was signed by President of the MNCCI Lkhagvajav B. and Chairman of the Singapore Business Federation Mark Lee. Under the MoU, the two sides agreed to promote trade and investment, organize mutual visits by business delegations, strengthen the capacity of enterprises and exchange economic and trade information.

Mongolia and Singapore will open the application process for carbon credit projects under their Implementation Agreement (IA) from October 30, 2026. This initiative unlocks new opportunities for private sector entities of the two countries to undertake joint projects in carbon markets, green investments and climate change mitigation.

Additionally, B2B meetings held during the gathering allowed Mongolian and Singaporean enterprises to establish direct contacts and explore potential partnerships. Companies conducted more than 20 business negotiation sessions to build new partnerships, according to the Embassy of Mongolia in Singapore.