Mongolia and Italy signed the first agreement on air transport services. According to Montsame, signatures under the document were set by the State Secretary of the Ministry of Transport and Roads of Mongolia Sandagdorzh Batbold and Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation of Italy Antonio Tayani. >
The conclusion of the Agreement opens up new prospects for the development of international cooperation in the field of aviation between Mongolia and Italy.
In particular, the document will be created by the legal basis for the implementation of direct flights between the two countries, which will greatly simplify the interaction and strengthen economic relations.
The agreement is of strategic importance for increasing trade and promoting the promotion of Mongol products in the Italian market.
This year marks the 55th anniversary of the establishment of diplomatic relations between Mongolia and the Italian Republic.
In recent years, the volume of trade between Mongolia and Italy has been demonstrating steady growth. According to the data for the period 2022-2024, the foreign trade turning between the two countries ranged from 150 to 188 million dollars.
A significant part of Mongolia exports to Italy falls on rowing yarn made of wool and cashmere, which is widely used by Italian enterprises to produce high -quality knitwear.
It is expected that this indicator will continue to increase due to the strengthening of economic ties. Italian companies are of great interest in cargo air transportation from Mongolia, since the transportation of raw materials with sea and land transport takes a long time and entails a number of customs and logistics difficulties.
In this case, the intergovernmental agreement on air traffic becomes an important tool not only for the development of tourism and passenger transportation, but also to increase the volume of freight air transportation.
In addition, the parties agreed to intensify cooperation in the field of aviation communication between the two countries and the expansion of air transport services at the regional and international levels.
Important agreements have been reached on promoting cooperation in the field of road transport, including accelerating the signing of an intergovernmental agreement between Mongolia and Italy “On International Roading”. The issue of mutual recognition of driver’s licenses was also discussed.