Mongolia and Turkey's upgraded relationship to a Strategic Partnership marks a significant shift, signaling enhanced diplomatic ties and deeper trade and investment commitments.

💸 Deepening Economic Bonds

Over 56 years of diplomatic ties, Mongolia and Turkey have established a strong relationship, primarily in trade, healthcare, and education. In 2013, they set a $100 million trade goal, surpassed in 2022 with $110 million, reflecting their growing economic partnership.

This elevation in cooperation highlights key areas such as defense, infrastructure, and mining, opening up new avenues for collaboration. In detail...

• 🛣️ Infrastructure Advancements: Turkey’s construction expertise aligns with Mongolia’s modernization efforts, including a new railway corridor connecting Europe, Turkey, and Mongolia, enhancing regional connectivity.
• ⚡ Mining and Clean Energy Initiatives: With Mongolia’s abundant natural resources, the partnership opens doors for Turkey’s investments in mining, particularly in adopting clean coal technologies to ensure sustainable practices, addressing both nations' energy and environmental goals.
• 💂‍♂️ Defense Collaboration: Highlighting the defense aspect of their strategic partnership, plans are underway for a Bayraktar drone production facility near Ulaanbaatar. This initiative symbolizes a strengthened defense relationship, emphasizing mutual security interests.
• 👯‍♀️ Cultural and Educational Exchanges: Complementing these strategic sectors, ongoing student exchanges, healthcare collaborations, and tourism initiatives continue to foster cultural and educational links, further solidifying the partnership’s comprehensive scope.

As Mongolia and Turkey advance their Strategic Partnership, they aim to broaden collaboration, enhance trade, and undertake joint projects in key sectors, ushering in a new chapter of growth and integration on the global stage.