As we approach the end of November, Canada and Mongolia prepare to commemorate the half-century anniversary of their diplomatic relations. Over the past 5 decades, the 2 countries' relationship has evolved into a comprehensive partnership, spanning diverse fields from economic cooperation to educational exchanges.
A Flourishing Economic Partnership
Canada and Mongolia established diplomatic ties on November 30, 1973, laying the foundation for a thriving economic partnership. Today, Canada stands as Mongolia's largest investor of Mongolia. Specifically, Canada's investment in Mongolia has reached $15.8 billion over the past 12 years, with Rio Tinto’s (RIO) $15 billion investment in the Oyu Tolgoi project playing a significant role in this growth.
Education: A Bridge to the Future
Also, 2 countries’ diplomatic relations in the education sector are expanding. Currently, over 350 Mongolian students are pursuing higher education in Canada, enriching their knowledge and skills in diverse fields such as finance, economic development, mining, civil aviation, engineering, and agriculture.
A Model of Regional Cooperation
As Canada and Mongolia celebrate 50 years of diplomatic relations, they look forward to continuing their journey of collaboration and mutual growth. Also, Canada is a great example of Mongolia receiving the most investments from its third neighbor rather than its two neighbors.
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