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Blog Category: Memorandum of Understanding

U.S., Mongolia Commit to Expand Bilateral Commercial Relations

President Tsakhiagiin Elbegdorj, Foreign Minister Zandanshatar, Secretary Locke at signing ceremony

Locke applauds historic Boeing aircraft deal

U.S. Secretary of Commerce Gary Locke and Mongolia’s President Tsakhiagiin Elbegdorj today announced agreements to expand cooperation on trade and economic issues, and support Mongolia’s aviation sector with technical assistance and training programs at a Blair House ceremony.

“Our trade relationship with Mongolia has deepened during the past several years,” Locke said. “We are pleased that U.S. exports to Mongolia have been increasing, and we look forward to continuing to work with President Elbegdorj and his government to strengthen our commercial ties.”

The Boeing Company also finalized a purchase agreement with MIAT Mongolian Airlines for one 767-300ER and two 737-800 aircraft valued at $245 million from The Boeing Company. This is the first direct purchase of Boeing aircraft by MIAT, and marks the first time in more than two decades that MIAT will extend its route network by purchasing Boeing airplanes instead of leasing them.

Locke and representatives from the United States Trade and Development Agency (USTDA) and the U.S. Department of Transportation’s Federal Aviation Administration (FAA) each signed agreements with Mongolian government and private sector officials promoting cooperation between the two nations.