Ansip Talks Trade with Mongolian Leader at ASEM

While attending the Asia-Europe Meeting (ASEM) in Laos on Monday, Prime Minister Andrus Ansip met with Mongolian President Tsakhiagiin Elbegdorj to discuss trade, e-government and oil shale.

"Ansip said Estonian companies are interested in Mongolia as a trade partner with high potential," according to an Estonian government press release.

Elbegdorj, for his part, said the meeting covered three topics of interest to Mongolia: e-government, logistics and the Estonian oil shale industry.

Relations between the countries, both of which made the switch from Soviet-style government to multi-party democracy in the early 1990s, have been growing closer over the past two years. In July, Foreign Minister Urmas Paet announced on a visit to Ulan Bator that Estonia will for the first time appoint an ambassador to Mongolia, residing in Beijing.

Trade between the two countries remains at a low level. Last year, Estonian exports to Mongolia yielded 1.4 million euros, according to Statistics Estonia. There were no imports from the country.

Speaking at the meeting between EU and Asian countries on Sunday, Ansip stressed the need for liberal trade, rather than protectionism, as a precondition for economic development.

On the same day he held bilateral talks with the prime minister of Singapore.

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