On Monday, Prime Minister of Mongolia S.Bayar held an official meeting with his Luxemburg Prime Minister Jean-Claude Juncker who is paying an official visit to Mongolia.

At the meeting, Mr. Bayar noted that bilateral cooperation is succeeding for a short period of time and increasingly developing in the fields of health, financing, and defense. Then, he put forward issues concerning the participation of Luxemburg's servicemen in international military training hosted in Tavantolgoi training center, the implementation of long-term credits for the development of small and medium-sized enterprises and establishment of credit guarantee fund, and the increase in investments.
Backing the proposal, Mr. Juncker stressed an importance of intensification of the bilateral trade and economic ties and drawing investors into the mining and other sectors of Mongolia. He also stated that Luxemburg will support Mongolia's activities and initiatives in the European Union.
The sides welcomed an initiative of Mongolian business people to stage Mongolia's Days in Luxemburg and expressed mutual willingness to open representative of the "Arselor Metall" group in Mongolia and to extend the collaboration in the mining industry, in metallurgical sector in particular.
After the meeting, bilateral cooperation documents were signed, including intergovernmental memorandum of understanding on strengthening the financial sector's capacity, project document on micro insurance market's capacity development, and project document on AIDS trans-border prevention. Prime Ministers S.Bayar and Jean-Claude Juncker made a briefing for journalists afterwards.
On Tuesday, the Luxemburg delegation will visit the third united clinical hospital, the special rescue unit of the General Emergency Authority, and the Information and Communications Technology Agency. In the scope of the visit, a meeting will be held between Minister of Education, Culture and Science Yo.Otgonbayar and Minister of Education and Vocational Training of Luxemburg Mady Delvaux-Stehres.

 

Source: Montsame