Modi arrives in Mongolia looking to strengthen trade

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Prime Minister Narendra Modi on 16 May arrived in Ulan Bator to hold talks with Mangolian leadership to bolster economic and trade cooperation.
Modi’s two-day visit is taking place during the 25th year of democracy and 60 years of diplomatic relations between India and Mongolia.

On the second leg of his three-nation tour, Modi will meet Mongolian President Tsakhiagiin Elbegdorj to strengthen bilateral cooperation in diverse areas such as shipping and logistics, transport, highways and electric power development in new energy industries.

The Indian PM’s visit, the first ever to Mongolia by an Indian Prime Minister, will also see the two sides inking a Double Taxation Avoidance Convention.

The Mongolian Parliament will bestow a rare honour on Modi under which a foreign leader will be allowed to address the members on Sunday, a holiday.

After his address, Modi will meet President Elbegdorj, who will host a banquet in his honour.  The visit will also see the laying of foundation stone for the Information Technology Centre.

The Prime Minister would stop at the Gandan Monastery where he will gift a Bodhi Tree sapling to the Chief Abbott on Sunday.

Later, he will hold talks with his Mongolian counterpart Chimed Saikhanbileg on a variety of issues.
The two sides are expected to sign an agreement on cooperation in the field of application of nuclear technology for cancer cure in the National Cancer Centre of Mongolia. India is gifting the centre a Bhabhatron, the indigenous machine developed by Bhabha Atomic Research Centre successful in cancer treatment.

The two sides are likely to step up cooperation between the two National Security Councils, cyber security, border management, culture, air services, animal health and diary, besides training of diplomats.

India feels that there is excellent potential for cooperation with Mongolia in the minerals sector. Mongolia is mineral-rich country in coking coal, copper, rare earths and uranium.

India already has a civil nuclear agreement with Mongolia which provides for uranium exports to the country once the domestic laws here permit prospecting and mining.

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