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.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for February 22nd, covering the latest developments you need to know.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for February 22nd, covering the latest developments you need to know.
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