Entry into force of the Agreement between Japan and Mongolia for an Economic Partnership and holding of the first Joint Committee meeting
June 7, 2016
- The Japan-Mongolia Economic Partnership Agreement (EPA) entered into force on June 7, 2016, which was signed on February 10, 2015 in Tokyo, following the completion of respective necessary legal procedures in both countries.
- The first meeting of the Joint Committee established under the Japan-Mongolia EPA was held in Ulaanbaatar on June 7, 2016. The Joint Committee made the necessary decisions required for the implementation of this Agreement, including adoption of the EPA's Operational Procedures. The meeting was attended by Mr. Seiji Kihara, State Minister for Foreign Affairs, Mr. Takenori Shimizu, Ambassador of Japan to Mongolia from Japanese side, and Mr. Lundeg Purevsuren, Minister for Foreign Affairs from Mongolian side.
- The Japan-Mongolia EPA is expected to promote liberalization and facilitation of trade and investment between the both countries, and to deepen the mutually beneficial economic partnership in a wide range of areas, leading to further vitalization of the economy of Japan and Mongolia. Also, as this is the first Economic Partnership Agreement for Mongolia, it is believed that the Agreement will highly contribute to the strengthening of ''strategic partnership'' between Japan and Mongolia.