Kazakhstan and Mongolia Strengthen Investment and Parliamentary Ties
Deputy Foreign Minister of Kazakhstan Alibek Kuantyrov and Chairman of the Investment Committee Gabidulla Ospankulov met with Dashzegviin Amarbayasgalan, Chairman of Mongolia’s State Great Khural, and members of the Mongolian parliamentary and business delegation in Astana on Sept. 4 to discuss enhancing trade and investment cooperation.
The discussions focused on expanding bilateral economic ties, sharing experience in attracting foreign investment, and creating favorable conditions for joint projects. Mongolia reaffirmed its commitment to boosting bilateral trade to $500 million in the coming years. Kazakhstan presented its three-tier investor support model, designed to attract major international companies and align projects with regional and sectoral priorities, reported the Ministry of Foreign Affairs.
The delegations signed a memorandum of cooperation between Kazakhstan’s Mazhilis and Mongolia’s State Great Khural to enhance political, trade, scientific, and cultural collaboration, including in innovation and digitalization. Additionally, East Kazakhstan Region and Mongolia’s Khovd Province established a partnership to promote cross-border cooperation.
Chairman Yerlan Koshanov highlighted Mongolia’s adoption of a mixed electoral system, bringing five parties into parliament for the first time, noting parallels with Kazakhstan’s democratic reforms since 2022. Both sides agreed to strengthen parliamentary friendship groups and cooperation within international forums, including the Inter-Parliamentary Union and the OSCE Parliamentary Assembly.
Photo credit: mazhilis.parlam.kz
