Kazakhstan and Mongolia discuss expanding cooperation in trade, energy, agriculture and mining, while targeting a fivefold increase in bilateral trade and exploring new transport and investment opportunities.
Kazakhstan and Mongolia have discussed expanding bilateral cooperation across trade, energy, agriculture, mining, digitalization, finance and transport as the two countries seek to strengthen their strategic partnership and increase bilateral trade. The discussions took place during the 10th meeting of the Kazakhstan-Mongolia Intergovernmental Commission on Trade and Economic, Scientific and Technical, and Cultural Cooperation in Astana.
Kazakhstan’s First Deputy Prime Minister Nurlan Nalibayev met Mongolian Deputy Prime Minister Nyamtaishiryn Nomtoibayar during the latter’s visit to Kazakhstan for the commission meeting. Nalibayev said the strategic partnership between the two countries provides a strong foundation for expanding practical cooperation and maintaining regular government-level dialogue.
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The officials reviewed the implementation of agreements reached at the highest level, including the goal of increasing bilateral trade fivefold. The target was announced in April during Mongolian President Khurelsukh Ukhnaa’s state visit to Astana. Both sides agreed to intensify government efforts to advance joint projects in trade and economic cooperation, energy, nuclear energy, digitalization, finance, and cultural and humanitarian areas.
Agriculture and mining were identified as key areas with significant potential for expanded cooperation. The two countries discussed opportunities for mineral exploration, mine development and the processing of mineral resources. Agricultural cooperation was also reviewed as part of efforts to broaden economic ties and develop new areas of trade and investment.
The talks also focused on transport and logistics infrastructure, which the two sides view as important for supporting higher trade volumes. Kazakhstan and Mongolia noted the positive impact of direct air services between their capitals, launched in June, and discussed the possibility of establishing additional air routes. Improved connectivity is expected to support passenger movement, business contacts and broader economic exchanges.
The wider intergovernmental commission discussions also covered opportunities for increasing investment, developing joint production and strengthening cooperation in agricultural processing, machinery, mining and logistics. Kazakhstan and Mongolia are seeking to translate existing political dialogue into concrete economic projects and stronger links between businesses.
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Following the meetings, both countries reaffirmed their commitment to implementing previously reached agreements and expanding cooperation across the identified sectors. The discussions are expected to support efforts to increase bilateral trade, promote investment and improve connectivity between the two economies.