Kazakhstan and Mongolia have signed a strategic partnership agreement in Ulaanbaatar, aiming to strengthen ties in trade, transport, agriculture, and tourism, with plans to increase mutual trade from $150 million to $500 million in the near future.
On Tuesday, Kazakhstan and Mongolia signed a joint declaration establishing a strategic partnership as Presidents Kassym-Jomart Tokayev and Ukhnaagiin Khurelsukh met in Ulaanbaatar.
According to Kazakhstan's presidential press service, the agreement followed discussions between the leaders during Tokayev's two-day visit. Both presidents then oversaw the signing of 11 additional agreements across areas such as trade, aviation, transport, agriculture, and tourism to strengthen joint relations.
In a press conference, Tokayev expressed gratitude to Khurelsukh for the invitation, noting that Kazakh-Mongolian ties have evolved into a strategic partnership. He emphasized mutual plans to expand trade from $150 million to $500 million, highlighting the need to broaden the range of goods and reduce trade barriers.
The leaders also discussed enhancing collaboration in agriculture, industry, logistics, and energy, focusing on improving transport links and the competitiveness of international trade routes like the Trans-Caspian International Transport Route and the North–South Corridor.
Khurelsukh celebrated the partnership as a new chapter in Kazakh-Mongolian relations, with Kazakhstan becoming Mongolia’s first Central Asian strategic partner.
Read next
22:00
Central Asia
Kazakh President Kassym-Jomart Tokayev and Hungarian Prime Minister Viktor Orbán reaffirmed strong bilateral ties and strategic cooperation ahead of the upcoming Turkic States Summit.
11:32
Russia is ready to increase oil supplies to China via Kazakhstan by 2.5 million tons, Russian Deputy Prime Minister Alexander Novak told reporters.
17:50
nuclear power plant
Kazakhstan is taking concrete steps toward the development of its first nuclear power plant, with the country now in the pre-project phase, according to Rinat Okasov, Deputy Director General of Kazakhstan Nuclear Power Plants LLP (KAEŞ).
17:05
Kazakhstan and Uzbekistan
The Tazhen border checkpoint on the Kazakhstan–Uzbekistan border will remain closed for an additional four months, until September 1, 2025, according to Kazakhstan’s State Revenue Committee (KDG) of the Ministry of Finance.
15:40
Kazakhstan’s state-owned uranium giant Kazatomprom is negotiating a ten-year uranium supply contract with Romania, in a move to strengthen bilateral energy ties and deepen cooperation in nuclear and high-tech sectors.
What is your opinion on this topic?
Leave the first comment