An official website of the United States government
Here's how you know
A .mil website belongs to an official U.S. Department of Defense organization in the United States.
A lock (lock ) or https:// means you’ve safely connected to the .mil website. Share sensitive information only on official, secure websites.

Home : Media : News : News Article View
NEWS | March 1, 2023

Joint Statement on Advancing the U.S.-Mongolia Economic Partnership

U.S. Embassy in Mongolia

U.S. Embassy in Mongolia -- The text of the following statement was released by the Governments of the United States of America and Mongolia on the occasion of the 4th U.S.-Mongolia Economic Policy Dialogue.

Begin Text:

To strengthen further the U.S.-Mongolia Strategic Partnership and economic relationship, representatives of Mongolia and the United States held the 4th bilateral Economic Policy Dialogue on February 2, 2023, in Washington, D.C. During the meeting, the two nations discussed joint responses to economic challenges, explored opportunities to deepen bilateral trade and investment, and decided to pursue cooperation in key areas, including critical minerals, clean energy, and the digital economy.

U.S. Principal Deputy Assistant Secretary of State for Economic and Business Affairs Whitney Baird and State Secretary of the Ministry of Foreign Affairs of Mongolia Ankhbayar Nyamdorj co-chaired the dialogue. U.S. participants included representatives from the Department of State, National Security Council, U.S. Agency for International Development (USAID), Millennium Challenge Corporation, Office of the U.S. Trade Representative, Department of Commerce, Department of Agriculture, Department of the Treasury, U.S. International Development Finance Corporation, Export-Import Bank, Transportation Security Administration, and Federal Aviation Administration. Mongolian participants included representatives from the Ministry of Foreign Affairs, Ministry of Food, Agriculture and Light Industry, Ministry of Economy and Development, Ministry of Energy, and Ministry of Mining and Heavy Industry.

The United States and Mongolia reiterated that countries around the world should partner to hasten global economic recovery, including by working to overcome supply chain disruptions, and affirmed the international community should unite in efforts to achieve the UN Sustainable Development Goals.

The two nations reaffirmed their strong desire to build on the overall U.S.-Mongolia Strategic Partnership, deepen the economic relationship in areas of mutual interest, and pursue opportunities for cooperation through existing and new mechanisms, including capacity building and trade promotion. They further reiterated the importance of strengthening Mongolia’s business climate, including through full implementation of the United States-Mongolia Agreement on Transparency in Matters Related to International Trade and Investment. Both sides noted with satisfaction the signing of a Memorandum of Consultations (MOC) marking the successful negotiation of an Air Transport Agreement between the Government of the United States and the Government of Mongolia on January 24, 2023, an important step toward establishing scheduled, nonstop passenger flights between Mongolia and the United States, thus further expanding economic and people-to-people ties.

The two nations discussed potential collaboration on projects to advance Mongolia’s economic development, diversification, and independence, with a focus on renewable energy and energy security, critical minerals, transportation, food security, intellectual property rights, and the digital economy. The two sides also reviewed joint development programs, including the up to $462 million Millennium Challenge Corporation Water Compact, which entered into force in March 2021 and will expand Ulaanbaatar’s water supply by more than 80 percent. They noted the USAID Mongolia Energy Governance program, which will promote the development of a modern energy sector and facilitate sustainable and inclusive economic growth.

Mongolia commended the financial assistance from the United States to improve herders’ preparedness to overcome severe winter climate conditions.

The two nations highlighted the bilateral relationship is grounded in shared democratic values. They discussed expanded efforts to strengthen the rule of law and governance, fight corruption, and uphold fundamental freedoms, including the freedom of expression online, noting that a strong democracy and a strong economy go hand in hand.

The United States provided information on its initiatives in the Indo-Pacific in support of a free and open region that is connected, prosperous, secure, and resilient, through potential partnerships in areas including infrastructure, critical minerals, environmental protection, and technology. The two sides intend to further explore possibilities to implement joint projects and work with like-minded partners in and out of the region.

The United States and Mongolia reviewed their 2018 Roadmap for an Expanded Economic Partnership and expressed mutual intent to update it to reflect the broadening scope of bilateral cooperation by including new areas and opportunities for partnership.

The United States and Mongolia decided to maintain the exchange of high-level visits, including holding the next Annual Bilateral Consultations and strategic dialogue in 2023 in Washington, D.C.

End Text.

Like Us
Follow Us



U.S., Japanese Defense Leaders Discuss Progress on Closer Alliance
Secretary of Defense Lloyd J. Austin III and Japanese Defense Minister Yasukazu Hamada answer questions during a press conference in Tokyo, Japan, June 1, 2023. The visit comes as the United States and Japan take important strides to modernize Alliance capabilities, optimize U.S. force posture, and build links with like-minded partners following the historic U.S.-Japan “2+2” Ministerial meeting earlier this year. (DoD photo by Chad J. McNeeley)
June 2, 2023 - WASHINGTON -- U.S. and Japanese defense leaders are "operationalizing" agreements that are deepening the treaty alliance, said Secretary of Defense Lloyd J. Austin III and Japanese Defense Minister Yasukazu Hamada in...

Red Flag Alaska 23-2 Kicks 0ff Soon to Enhance Multinational Interoperability
June 2, 2023 - JOINT BASE PEARL HARBOR-HICKAM, Hawaii -- Red Flag-Alaska 23-2, a Pacific Air Forces-sponsored exercise, is scheduled to begin on June 12 with primary flight operations over the Joint Pacific Alaska Range Complex and is...

U.S., Philippine, Japan Coast Guards to Conduct Trilateral Engagements
Philippine Coast Guard servicemembers play music as the U.S. Coast Guard Cutter Stratton (WMSL 752) arrives in Manila, Philippines, for a tri-lateral engagement with the Philippine and Japan Coast Guards, June 1, 2023. Stratton deployed to the Western Pacific under U.S. Navy 7th Fleet command to serve as a non-escalatory asset for the promotion of a rules-based order in the maritime domain by engaging with partner nations and allies in the region. (U.S. Coast Guard photo by Chief Petty Officer Matt Masaschi)
June 2, 2023 - MANILA, Philippines -- The U.S. Coast Guard Cutter Stratton (WMSL 752) and crew arrived in Manila on Thursday to conduct professional exchanges and joint operations with members of the Philippine and Japan Coast Guards during...

USS Shoup Departs Sendai, Japan
CDR. Dale Tourtelotte, Commanding Officer of the Arleigh Burke-class guided-missile destroyer USS Shoup (DDG 86) speaks at the welcome ceremony hosted by the Miyagi Defense Association. Shoup is assigned to Commander, Task Force 71/Destroyer Squadron (DESRON) 15, the Navy’s largest forward-deployed DESRON and the U.S. 7th Fleet’s Principal surface force. (U.S. Navy photo by Operations Specialist 3rd class Dominik Camooso)
June 2, 2023 - SENDAI, Japan -- The forward-deployed Arleigh Burke-class guided-missile destroyer USS Shoup (DDG 86) departed Sendai, Japan after a port visit, June 1.The Yokosuka-based destroyer visit marks the first U.S. Navy ship visit...

USecAF Tours Indo-Pacific to Ensure Resourcing Decisions Align with Strategy, Mission
U.S. Air Force Gen. Ken Wilsbach, Pacific Air Forces commander, Kristyn Jones, assistant secretary of the Air Force for Financial Management and Comptroller, performing the duties of under secretary of the Air Force, and U.S. Air Force Chief Master Sgt. David Wolfe, PACAF command chief, stand together for a photo at Joint Base Pearl Harbor-Hickam, Hawaii, May 3, 2023. Jones directs the development of the Air Force program and budget, oversees the Air Force Cost Analysis Agency's acquisition and operational cost analysis, provides analytical services, and conducts Air Force accounting and finance operations. During her visit, she met with PACAF leaders to better understand PACAF’s overall infrastructure and mission opportunities and challenges relative to the Pacing Challenge and how PACAF competes, deters, and wins in the Indo-Pacific. (U.S. Air Force photo by Tech. Sgt. Nick Wilson)
June 2, 2023 - ARLINGTON, Va. -- The Honorable Kristyn Jones, assistant secretary of the Air Force for Financial Management and Comptroller, performing the duties of under secretary of the Air Force, toured the U.S. Indo-Pacific Command...