Mongolia

Information about the partnership

Partner country since 2009

Participants in the programme to date: 466 executives

Political partner for the Federal Ministry for Economic Affairs and Climate Action: Ministry of Economy and Development of Mongolia

Mongolia’s wealth of raw materials makes it an interesting market. Mining is the most important economic sector and holds considerable untapped potential as only a fraction of the Mongolian territory has been explored thus far. Beyond mining, other sectors such as energy, transport and logistics are becoming increasingly attractive for providers of modern equipment. In order to diversify its economy, the government of Mongolia is driving forward the expansion of the manufacturing industry. It is seeking to increase the share of raw materials from mining and agriculture that it refines itself. The manufacturing sector is being dominated by food production, ahead of construction materials and textiles/clothing, with a focus on cashmere wool processing.

Mongolia’s foreign trade with other countries is growing strongly. German exports to Mongolia include in particular cars and machinery. In addition, there is great interest in mining equipment. Mongolia’s imports from Germany are dominated by food, chemicals and machinery. In addition, renewable energy is a promising sector for cooperation.

Partnering in Business with Germany is open to managers from all sectors. The largest group of Mongolian managers taking part in the programme work in mining, the food and textile industries and in the construction sector. The services for participants from the sectors of green technologies, digital transformation and agriculture are currently being expanded.

The Mongolian alumni of Partnering in Business with Germany are organised in two associations, which are organising various events for their members. They have close contacts with German organisations and institutions in Mongolia. Events held jointly with the German-Mongolian Business Association promote bilateral cooperation between companies from both countries. There is close dialogue with the Vietnamese alumni association, with joint events being held regularly.