Italian government reps meet Deputy Prime Minister of Mongolia

Ulaanbaatar /MONTSAME/ On April 6, Deputy Prime Minister of Mongolia U.Khurelsukh met with Mr Ivan Scalfarotto, Undersecretary of State at the Ministry of Economic Development of the Republic of Italy and the head of Italian side of the Mongolia-Italy Intergovernmental Commission. Mr U.Khurelsukh expressed his satisfaction with the growth of relations between Mongolia and Italy in the recent years and noted that two countries have a capacity to enrich ties with new contents of commercial, economic and cultural cooperation. The second meeting of the Intergovernmental Commission is being carried out these days in Ulaanbaatar, concerning a wide range of issues, such as cooperation in food, agriculture, light industry, education, culture, road and transport under the vision to deepen economic and trade ties. Deputy PM U.Khurelsukh promised that the Mongolian government will assist by all means in realizing the follow-up actions to this meeting. As of 2016, a total of 52 Italian-invested companies are operational in Mongolia, making investment of USD 36.8 million in public catering, commerce and animal-origin raw materials processing fields. In 2016, Mongolia traded with Italy in a turnover of USD 65.5 million, 33.5 million was constituted by exports and 32.0 million – by imports.