Mongolia|politics|November 16, 2018 / 03:49 PM
Mongolia’s Ambassador to Canada delivers credentials

AKIPRESS.COM - Mongolia’s Ambassador to Canada Ya. Ariunbold delivered his credentials to Governor General of Canada Julie Payette on November 13.

Ariunbold conveyed the greetings from Mongolian President Khaltmaa Battulga and expressed his commitment to work for expanding bilateral relations of the two countries.

Mongolia and Canada established diplomatic relations on November 30, 1973. Canada has been represented in Mongolia through an embassy since 2008.

In 2017, Canadian exports to Mongolia amounted to approximately $27.3 million. Imports from Mongolia amounted to approximately $2.5 million.

Canadian investments in Mongolia’s mining industry are the primary driver of bilateral commercial relations, with Canadian direct investment in the country estimated at approximately $6.7 billion (2017).

Other sectors presenting potential opportunities for deeper commercial cooperation include: agriculture, education, clean technology, infrastructure and wood-frame construction. In 2016, Canada and Mongolia signed the Canada-Mongolia Foreign Investment Promotion and Protection Agreement (FIPA), which will provide a more transparent and predictable regulatory environment for Canadian investors in Mongolia.

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