Turkey, Mongolia sign memorandum of understanding

Turkey and Mongolia signed a memorandum of understanding during the sixth term joint economic committee meeting in Ulan Bator on Tuesday.

Turkey and Mongolia signed a memorandum of understanding during the sixth term joint economic committee meeting in Ulan Bator on Tuesday.

The memorandum of understanding was signed by Turkish State Minister & Deputy Premier Bulent Arinc and Mongolia's Environment & Tourism Minister Luimed Gansukh.

The two ministers said that the strong historical ties between Turkey and Mongolia would also help develop the economic and commercial relations.

Also two other protocols were signed on share of experience between KOSGEB (Small & Medium Enterprises Development Organization of Turkey) and its Mongolian equivalent as well as cooperation on development plan of Turkish State Planning Organization and Mongolia's planning unit.

After signing the protocols, Arinc departed from Mongolia.

Arinc had arrived in that country on October 23.