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U.S. and Mongolia Seek to Strengthen Economic Relationship

The United States and Mongolia declared on the occasion of the official visit of Mongolian Prime Minister Khurelsukh to Washington that their bi-lateral relationship has reached a new level of expanded comprehensive partnership. The two sides issued a roadmap for an expanded bi-lateral economic partnership that covers issues of mutual interest in the areas of global trade, regional economic co-operation, bi-lateral trade and investment, dialogues and mechanisms, natural resources, agriculture, water, mining, financial services, infrastructure, development co-operation and supporting private businesses.

On trade, the United States and Mongolia expressed their commitment to implement their obligations under the WTO Agreement on Trade Facilitation and will seek to identify sources of capacity building and technical assistance available by donors. They also re-affirmed their intent to deepen U.S.-Mongolia commercial relations through the full implementation of their obligations under a bi-lateral transparency agreement.

Additionally, new opportunities will be explored to increase mutually beneficial bi-lateral trade that is free, fair and reciprocal, and to promote the introduction of new sectors and areas of bi-lateral trade, including by leveraging the Ex-Im Bank and the Overseas Private Investment Corporation for infrastructure development.

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