At the 7th Korea-Mongolia Joint Committee Meeting in Ulaanbaatar, South Korea’s Vice Foreign Minister Lee Dohoon and Mongolian Government Chief Cabinet Secretary Dashzegve Amarbayasgalan, discussed strengthening bilateral relations, economic and substantive cooperation, cultural exchanges, as well as collaboration on the Korean Peninsula and regional and global affairs.
During the meeting, both sides recognized the achievements made in cooperation between South Korea and Mongolia in the first half of the year. They highlighted high-level exchanges, including South Korean Foreign Minister Park Jin’s official visit to Mongolia last August, and Mongolian Prime Minister Luvsannam Oyun-Erdenesrai’s official visit to Korea in February, the first of its kind in 12 years.
Since the economic structures of both countries are complementary, the importance of mutually beneficial cooperation in various sectors was stressed.
It was suggested to accelerate the negotiations related to an economic partnership agreement and a bilateral investment agreement to improve institutional mechanisms and promote more active economic cooperation.
Vice Foreign Minister Lee requested Mongolia’s attention and cooperation in creating a favorable environment for South Korean companies operating in Mongolia.
Amid increasing uncertainty in supply chains due to changes in the external environment, the importance of cooperation with Mongolia, which has abundant natural resources, was stressed.
South Korea pledged to support the development of Mongolia’s mineral industry and the strengthening of related infrastructure. In addition, it was agreed to explore ways of joint cooperation in the mineral industry at the high-level trilateral meeting between South Korea, the United States and Mongolia, scheduled for June 27.
During the meeting, the Mongolian Chief Cabinet Secretary introduced the Mongolian government’s new urban development policy and requested South Korea’s attention and cooperation.
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Vice Foreign Minister Lee expressed his hope to contribute to Mongolia’s efforts to achieve balanced regional development and reduce population concentration through the Kharkhorin development project, promoted by the Korea International Cooperation Agency ( KOICA).
Both sides anticipated more active cooperation on international climate technology and emission reduction projects, based on the Korea-Mongolia Cooperation Framework Agreement on Climate Change that entered into force in June.
The South Korean government plans to support Mongolia’s “Plant a Billion Trees” initiative through forest restoration projects and response capacity building.
Regarding cultural exchanges and between people, it was agreed to look for ways to facilitate them, including the simplification of visas. Cooperation between the relevant institutions will also be strengthened to protect the citizens of both countries who are in the territory of the other party.
In addition, both sides agreed to strengthen cooperation to promote peace and stability on the Korean Peninsula and Northeast Asia.
Vice Foreign Minister Lee called for Mongolia’s continued support on the Korean Peninsula issues, noting Mongolia’s diplomatic position, which maintains relations with South and North Korea and has an overseas mission in North Korea.
Chief Cabinet Secretary Amarbayasgalan expressed gratitude to South Korea for sending high-ranking officials to the Ulaanbaatar Dialogue for Multilateral Regional Security Cooperation, which Mongolia hosts.
With this meeting, South Korea and Mongolia strengthen their strategic partnership and expand their mutually beneficial cooperation, opening up new opportunities for joint growth and development in various fields.
