Minister of Digital Development, Innovation and Communications of Mongolia Batshugar Enkhbayar met with Ambassador of the European Union to Mongolia Ina Marčiulionytė
The sides exchanged views on the programs and measures implemented in the telecommunications and information technology sectors, as well as on future areas of cooperation as part of the economic diversification from the mining industry and the development of the e-economy.
Minister Batshugar Enkhbayar also expressed interest in expanding cooperation by involving private sector organizations in the forum, which is planned to be held in Ulaanbaatar in October.
"After over 35 years of fruitful collaboration between the European Union and Mongolia, we are excited to invite you to the inaugural Mongolia-EU Business and Investment Forum. This momentous event is a premier platform for strengthening economic ties, fostering trade relations, and promoting investment opportunities between the European Union and Mongolia. As Mongolia continues to modernize and diversify its economy, the EU remains a key strategic partner, supporting innovation, infrastructure, and industry growth," the forum organizers say.
Mongolia, strategically located between China and Russia, is a rapidly developing market with vast natural resources and a young, dynamic workforce. Known for its rich deposits of minerals such as copper, gold, and coal, the country has traditionally relied on mining as its primary economic driver. However, Mongolia is now actively diversifying its economy, with growing sectors such as renewable energy, agribusiness, digital transformation, and sustainable tourism.
The Mongolia-EU Business and Investment Forum brings together policymakers, industry leaders, and investors to explore strategic collaborations, unlock new market opportunities, and strengthen the long-term partnership between the EU and Mongolia.
With a commitment to economic reforms, Mongolia offers a favorable investment climate through an open-market economy, improved legal frameworks, and incentives for foreign investors. The government is also focused on enhancing connectivity, infrastructure, and regional trade partnerships to create a more competitive and business-friendly environment.
The EU is one of Mongolia's largest development partners, supporting projects that drive sustainable economic growth, governance reforms, and innovation. The EU-Mongolia Economic Partnership Agreement facilitates trade by reducing tariffs and improving market access for businesses on both sides.

Published Date:2025-09-03