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Fact Sheet: Signing Ceremony with the President of Mongolia

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Fact Sheet: Signing Ceremony with the President of Mongolia

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.  Below is the fact sheet of the agreements:

     •  The United States Department of Commerce and The Ministry of Foreign Affairs and Trade of Mongolia Memorandum of Understanding on Trade and Economic Cooperation: The U.S. Department of Commerce and the Ministry of Foreign Affairs and Trade of Mongolia have agreed that strengthening cooperation, exchanges, and technical assistance; sharing experiences in implementing a strong commercial legal regime; and promoting trade and investment are imperative for further development of the bilateral trade and economic relationship.  In furtherance of the shared goal to strengthen that bilateral relationship, the U.S. Department of Commerce and Ministry of Foreign Affairs and Trade of Mongolia signed the Memorandum of Understanding on Trade and Economic Cooperation between the United States Department of Commerce and the Ministry of Foreign Affairs and Trade of Mongolia.

     •  The United States Trade and Development Agency and MIAT Mongolian Airlines Memorandum of Understanding  for  Aviation Management  Training  Technical Assistance
To continue support for the development of Mongolia’s aviation sector, the United States Trade and Development Agency (USTDA) will sign a Memorandum of Understanding with MIAT Mongolian Airlines with the intention to fund technical assistance for an Airline Executive Management Training program. The program will include training on airline business management, strategic planning and professional development. In addition to promoting beneficial trade and cooperation, this program will build upon previous USTDA-funded projects supporting Mongolia’s aviation sector. Thiswill be USTDA’s fifth aviation project in Mongolia since  2002, including the development of a strategic expansion plan for commercial air service and technical assistance in air traffic management and aviation safety.

     •  Memorandum of Agreement between the U.S. Department of Transportation’s Federal Aviation Administration and the Civil Aviation Administration of Mongolia:
The U.S. Department of Transportation’s Federal Aviation Administration (FAA) and the Civil Aviation Authority of Mongolia intend to develop civil aeronautics and enhance aviation safety through technical assistance and training under a Memorandum of Agreement (MOA) signed on June 16, 2011.  This formal bilateral relationship, the first of its kind between the two countries, is an opportunity to provide the highest level of aviation safety and improve system efficiency in Mongolia.  Aviation is an important element of the Government of Mongolia’s efforts to broaden ties within the region and around the world for the landlocked country.  Under the MOA, the FAA may provide technical and managerial expertise to assist Mongolia in developing, modernizing, operating and maintaining its civil aviation infrastructure, standards, procedures, policies, training and equipment.

     •  Boeing Airplane Sales:  Boeing and MIAT Airlines, the national airline of Mongolia, will be commemorating a purchase agreement for MIAT’s purchase of one 767-300ER and two 737-800 aircraft, valued at $245 million at list prices.  This marks the first direct purchase of Boeing aircraft by MIAT and also marks the first time in more than two decades that MIAT Mongolian Airlines is going to extend its route network by purchasing the Boeing airplanes instead of leasing them. Headquartered at Chingis Khaan International Airport in Mongolian capital Ulaanbaatar, MIAT Mongolian Airlines is the country’s national flag carrier. It has been in business more than 55 years.