India, Mongolia explore ways to deepen bilateral ties

India and Mongolia today reviewed entire gamut of bilateral ties and explored ways to further deepen their relationship in diverse areas including trade and investment.
Minister of State for External Affairs V K Singh and Mongolian Foreign Minister L Purevsuren, at the 5th meeting of India-Mongolia Joint Committee on Cooperation, deliberated on range of issues and agreed to further step up engagement.
Purevsuren's visit is part of the intensified bilateral exchanges following upgrading of ties to the level of strategic partnership during the historic visit of Prime Minister Modi to Mongolia in May last year.
Progress in utilisation of the Line of Credit of USD 1 billion announced by India to Mongolia during Modi's visit was also discussed.

During that visit the relationship was upgraded to Strategic Partnership and a series of important agreements including in the defence and security fields were signed.
Lok Sabha Speaker Sumitra Mahajan had visited Mongolia this month.

The two sides also reviewed implementation of important understandings reached during Modi's visit and deliberated on on regional and global issues of mutual interest.
Progress towards utilisation of the Line of Credit of USD 1 billion announced during Modi's visit was also discussed.
"We attach importance to further strengthening and deepening bilateral ties with Mongolia. Visit of Foreign Minister Purevsuren will make positive contribution towards this objective," said the Ministry of External Affairs.