The 7th session of the German-Mongolian intergovernmental working group on cooperation in the raw materials sector is being co-chaired today by , and Dolgorsürengiin Sumiyabazar, Minister of Mining and Heavy Industry.
Wittke said: “German-Mongolian cooperation in the field of raw materials is of great importance for us. Against the background in particular of rising demand for raw materials resulting from forward-looking technologies, we wish to give a fresh boost to our partnership. The result is a win-win situation: Mongolia’s significant mineral deposits can make an important contribution towards covering German industry’s need for raw materials. At the same time, German expertise can contribute to efficient and environmentally compatible mining in Mongolia. Over the last two decades, Mongolia has undergone an impressive political and economic transformation. The German Government supports the reform of economic structures, because a reliable business environment forms an important foundation for economic activity and, in particular, foreign investment. Today’s intergovernmental working group and yesterday’s meeting of the Joint Economic Committee both aim to facilitate raw materials projects to the benefit of both sides.”
The raw materials partnership has already seen the establishment of successful projects like the German Mongolian Institute for Resources and Technology, and training under the Economic Affairs Ministry’s Manager Training Programme.