Ulaanbaatar
TIFA Council’s meeting held in Washington
Politics
Ulaanbaatar/MONTSAME/. On April 24, the United States-Mongolia Trade and Investment Council, established pursuant to the 2004 United States-Mongolia Trade and Investment Framework Agreement (TIFA), convened in Washington, D.C., to discuss opportunities for promoting and expanding bilateral trade and investment.
The meeting was co-chaired
by Terrence J. McCartin, Acting Assistant U.S. Trade Representative, and
Damdinsuren Davaasuren, State Secretary of the Ministry of Foreign Affairs.
During the meeting, the United States and Mongolia welcomed the 31st
anniversary of diplomatic relations between the United States and Mongolia and
took note of the Roadmap for Expanded Economic Partnership, which they endorsed
in September 2018. They also highlighted the positive role that TIFA
discussions can play in supporting Mongolia’s efforts to develop a prosperous
market-based economy.
The United States and
Mongolia also discussed a range of bilateral trade and investment issues. Key
issues included transparency, the investment climate, intellectual property
rights protection and enforcement, trade in cashmere, the U.S. Generalized
System of Preferences (GSP), trade facilitation, and trade promotion.
Mongolia will host the next
meeting of the TIFA Council in Ulaanbaatar.
Embassy of
Mongolia to the USA
