Ulaanbaatar
Mining-oriented Mongolia-Canada cooperation expanding to other sectors
PoliticsUlaanbaatar /MONTSAME/ The Agreement on Promotion and Protection of Investments between the Governments of Mongolia and Canada has taken effect. This was announced by the officials of both governments during the Prospectors and Developers Association of Canada (PDAC) Conference in Toronto.
Minister of Mining and Heavy Industry of Mongolia Ts.Dashdorj and Canadian Minister for International Trade F.P.Champagne touched upon this matter.
Under the agreement, Canadian investors were negotiated to invest in other sectors than mining, such as agriculture, infrastructure and renewable energy.
The government of Canada has made an investment of USD 6.4 billion to Mongolia in the past two years, according to a statistical report by Canadian agency.
