AKIPRESS.COM - The Embassy of Mongolia in Brazil held a cultural event in Brasilia to commemorate the 30th anniversary of the establishment of diplomatic relations between the two countries, reports The UB Post.

Since the embassy first opened in 2014, its staff has worked to develop cooperation between the two nations in agriculture, mining, sports, and education. The embassy in Brazil is the only Mongolian diplomatic mission in South America, also working to represent Mongolia in Chile, Argentina, Colombia, and Peru.

Trade turnover of 1.26 million USD took place between Mongolia and Brazil in 2015 and increased by 1.87 in 2016, and foreign trade between the two countries is expected to continue to increase in 2017. Mongolia exported yarn and chemical products to Brazil and exported mining and industrial equipment, tires, and food products from Brazil in 2016.

The Brazilian Mongolian Chamber of Commerce opened in Parana State, and the first business meeting of the two countries was held in Ulaanbaatar in September 2016.

During the business meeting, Brazilian entrepreneurs held meetings with representatives from over 30 Mongolian enterprises, and they visited Mongolia’s leading dairy and meat farms and discussed adapting the use of innovative meat processing technology, the production of ethanol from potatoes, and making bio fuel from waste.

The Mongolian company Canephoras Solution started exclusively buying coffee beans from Brazil, and is now importing 2.4 tons of fresh coffee beans for Mongolian customers. The company is planning to export Brazilian coffee beans to other countries by roasting them in Mongolia. Brazilian entrepreneurs are interested in importing Mongolian cashmere products and carpets.