10th Mongolian-German Forum held

As most of the delegates at the 10th Mongolian-German Forum organized by the center-right Konrad Adenauer Foundation in Berlin agreed on Wednesday, March 28, 2012, current cooperation between the two countries in terms of natural resources is currently at a very low level indeed.

However, what they all hailed was the potential.

It was this potential that encouraged German Chancellor Angela Merkel to visit Mongolia last October, as part of the Berlin government"s new natural resources strategy, which provides a supportive framework to domestic companies in their endeavor to secure the future supply of minerals.

Merkel and her Mongolian counterpart Sukhbaatar Batbold signed an intergovernmental agreement on cooperation in the raw materials, industrial and technology sectors that is also supposed to promote sustainable economic and social development in both countries.

Former Mongolian President Punsalmaagiin Ochirbat confirmed on Wednesday that the agreement had "created the legal framework for cooperation."

"Now it has to be filled with life," he explained. The first democratically-elected president of Mongolia said that a lot could be learnt from Germany in terms of its experience of decentralized administration and its know-how in hi-tech and renewable energies.

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