State Secretary of the Ministry of Foreign Affairs D.Davaasuren attended the Annual International Investment Agreements Conference held on October 9-11 in Geneva, Switzerland, discussing issues of foreign trade and investment.
On the sidelines of the conference, State Secretary D.Davaasuren met and exchanged views with James Zhan, Senior Director of the Investment and Enterprise at the United Nations Conference on Trade and Development (UNCTAD), Yonov Agah, Deputy Director-General of the World Trade Organization (WTO) and Dorothy Tembo, Deputy Executive Director of the International Trade Center.
The State Secretary handed over a draft of Mongolia’s investment agreement to James Zhan and agreed to cooperate with the UNCTAD in conducting an expert analysis on the draft and making a policy recommendation.
The State Secretary noted the importance of making the Trade Facilitation Agreement entered into force, during his meeting with Deputy Director-General Yonov Agah. The sides exchanged views on Mongolia’s policies in scope of the Agreement and then agreed to cooperate in strengthening the national capacity in the WTO agreements and trade negotiations.
During his meeting with Deputy Executive Director Dorothy Tembo, the State Secretary discussed the bilateral cooperation directed at trade facilitation and diversification of Mongolia’s export. The parties agreed to join hands on realizing a ‘Diversifying Mongolia’s Economy’ project, drafted by the International Trade Center.