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India-Mongolia boost bilateral trade


India-Mongolia boost bilateral trade, investment; Sushma said, 

friends of both the countries are 6 decades old.

Both countries agreed to explore the possibility of starting direct air services from New Delhi to Ulaanbaatar, the capital of Mongolia.

India and Mongolia discussed economic cooperation in the areas of infrastructure development, energy, services and information technology (IT) sectors. Apart from this, the two countries also agreed to explore the possibility of starting direct air services from New Delhi to Mongolia's capital Ulaanbaatar. External Affairs Minister Sushma Swaraj said in a joint media conference with her Mongolian counterpart De Togadbatar after the Sixth India-Mongolia Joint Committee meeting that both countries should identify new areas for the sake of cooperation in all areas of common interest and increase bilateral cooperation and investment. Have agreed.

India-Mongolia boost bilateral trade, investment; Sushma said, friends of both the countries are 6 decades old


Swaraj said that India is looking at Mongolia as a factor in stabilizing East Asia and believes that Mongolia's social and economic development is important for bringing peace and prosperity to this region. During the meeting of the Joint Committee Both countries discussed global challenges, especially tackling terrorism and to prevent those who support extremist organizations, bilateral and non- Agreed Trrashtryy cooperation.

Both sides reviewed the progress of existing projects, including mutual assistance including refinery projects in Mongolia. Swaraj said, "We have instructed the officials to accelerate these projects, today India is one of the fastest growing economies of the world. Mongolia is also important in India's growth on the strength of its natural resources and strong ambition of development. Can be a partner. "

Swaraj arrived on a two-day visit to Mongolia on Sunday. He is the first Indian Foreign Minister to visit Mongolia in 42 years.
Swaraj said that the partnership between India and Mongolia is six decades old and bilateral relations between the two countries have been strengthened. It appears in our comprehensive and deep strategic partnership. He said that in 2015, "Historical Journey" of Prime Minister Narendra Modi has strengthened bilateral relations.

During the meeting, the Foreign Ministers of the two countries discussed economic cooperation in areas like infrastructure development, energy, services and information technology. Swaraj said that we are committed to capacity building programs for people of Mongolia. It includes IT and English language training.

Both sides have agreed to remove institutional and logical barriers to increase trade, tourism and cooperation between the people. In this regard, there is also a favorable agreement on the possibility of launching direct air services between the two capitals of the two countries. The total trade between the two countries was $ 2.56 million in 2016.

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