AKIPRESS.COM - Agriculture Minister of Hungary Istvan Nagy met with Minister of Finance of Mongolia Javkhlan Bold in Budapest on Wednesday, Budapest Times reported.

The sides signed a memorandum of understanding to strengthen relations in agriculture and the food industry, the Ministry of Agriculture said. The partnership agreement covers the modernisation of farm machinery, the preservation of animal genetic resources, irrigation development and forestry issues.

Nagy said Hungarian businesses and education institutions were ready to share their experience with the Mongolian partners. The minister said he could see opportunities for bilateral cooperation in agricultural technologies, the poultry sector or seed production.

Javkhlan Bold invited Istvan Nagy for an official visit to Mongolia.