Vice Minister of Economy and Development G.Tuvdendorj met delegates led by Ms. Lena Izotova, Deputy Minister of Foreign Economic Relations of the Republic of Bashkortostan of the Russian Federation. During the meeting, the parties discussed the possibility of developing mutually beneficial trade and industrial relations between Mongolia and the Republic of Bashkortostan of the Russian Federation and agreed to explore opportunities to export cashmere and leather products from Mongolia and work closely together to expand trade relations.

MED is partnering with GIZ to conduct a survey for the recruitment of a qualified consultant for a short-term assignment (up to 55 working days). The consultant will be responsible for creating a new guidebook on Mongolia for domestic and foreign investors. We are seeking candidates who meet the following profile:

The Ministry of Economy and Development and the Asian Development Bank jointly organized the "Trade in Services and Digital Economy Statistics of Mongolia Training " in Ulaanbaatar on March 20-23, 2023 within the framework of the Central Asian Regional Cooperation (CAREC) program. Deputy Minister of Economy and Development G. Tuvdendorj emphasized in his opening speech of the seminar that trade in services constitutes the largest percentage of the world's GDP and is a rapidly growing sector, and Mongolia's service trade deficit of 1.6 billion USD by 2021 shows the space and importance of developing this sector.