Partnership and cooperation agreement to be initiated

Ulaanbaatar, Mongolia, /MONTSAME/ A partnership and cooperation agreement between Mongolia and the European Union will be initialed December 20 in Ulaanbaatar. Fro this purpose, a delegation is to arrive headed by Mr. Franz Jessen, a head of the European Commission's unit for Mongolia.

The bilateral agreement involves many issues of the collaboration in the spheres of economics, financial service, tax, industrial policy, small- and middle-sized production, sciences, technology, energy, transportation, agriculture. Other reflected are the sectors of rural development, health, social insurance and statistics.
It is expected that the agreement will improve legal environment for forwarding the bilateral relations and cooperation, bring the ties into a newer step and partnership level.

During the ceremony of initialing, talks will run on granting Mongolia a status of the market economy country.

B.Khuder

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