On the occasion of the 50th anniversary of the establishment of diplomatic relations between Mongolia and Singapore, the Mongolian National Chamber of Commerce and Industry, the Ministry of Foreign Affairs, the Embassy of Mongolia in Singapore and Singapore Business Federation jointly organized Mongolia-Singapore webinar business discussion yesterday in aims to expand trade and economic cooperation of the two countries.
Representatives of more than 100 companies took part in the meeting, exchanging information and holding talks on cooperation opportunities. Moreover, the National Development Agency, the Investment Research Center under the Ministry of Foreign Affairs and AND Global, a leading fintech company in Mongolia, made presentations on investment opportunities and ongoing major economic cooperation programs and projects in Mongolia, as well as the development of information and communication technologies.
Mongolia and Singapore work together closely in the fields of mining, education, service, capacity building of civil servants, etc.
In 2019, the trade turnover between the two countries reached USD 176.8 million, while investment volume reached USD 155.8 million.