Mongolia and Kazakhstan discuss expanding economic cooperation

AKIPRESS.COM – Deputy Prime Minister of Mongolia Nomtoibayar Nyamtaishir received First Vice Minister of Trade and Integration of Kazakhstan Aizhan Bizhanova to discuss opportunities for expanding bilateral trade and economic cooperation.

Deputy Prime Minister Nomtoibayar highlighted the considerable economic potential between Mongolia and Kazakhstan. He emphasized that deeper engagement in Eurasian economic integration, combined with enhanced transport, logistics, and infrastructure connectivity, would be crucial for increasing trade and investment between the two countries.

First Vice Minister Bizhanova reaffirmed Kazakhstan’s commitment to strengthening economic relations with Mongolia. She noted that Kazakhstan would prioritize support for business-to-business cooperation and work toward creating new avenues for trade and investment.

The sides exchanged views on potential collaboration in key sectors, including mineral processing, agriculture, manufacturing, trade, transport and logistics, and railway development. They underscored the importance of active participation from both the public and private sectors in advancing mutually beneficial projects.

Nomtoibayar, Chair of the Mongolian side of the Mongolia-Kazakhstan Intergovernmental Commission, also announced plans to convene the commission’s next meeting in the near future. The parties agreed that the upcoming session would provide an opportunity to identify and advance priority areas of bilateral cooperation.