The European Union - Mongolia Business and Investment Forum launches a new era of economic partnership
The forum aimed to connect the EU and Mongolian private sectors, stimulate sustainable economic growth, expand trade relations, and promote long-term investment opportunities. The event brought together more than 700 participants, including high-level representatives from the European Council, the European Investment Bank, the Prime Minister of Mongolia, cabinet ministers, and senior government officials. Approximately 70 European companies, leading industrial associations, over 200 Mongolian enterprises, as well as international financial institutions, development partners, commercial banks, entrepreneurs, and other key stakeholders also took part.
As part of the EU’s Global Gateway strategy and the Team Europe approach, cooperation with Mongolia is focused on building sustainable, resilient, and inclusive infrastructure that supports the country’s long-term development. The EU has been a steadfast partner of Mongolia, granting preferential market access through the Generalised Scheme of Preferences (GSP) and promoting democratic and economic reforms. Under the Multiannual Indicative Programme 2021–2027, EU engagement prioritises the green energy transition, renewable resources, sustainable connectivity, water and waste management, and forest partnerships—all closely aligned with Mongolia’s Vision 2050. In addition, Global Gateway investments advance digital transformation, economic diversification, and democratic governance, ensuring that cooperation delivers sustainable economic growth, social and environmental benefits, and new opportunities for both Mongolian and European businesses.
Building on this foundation, the forum opened with high-level addresses and plenary sessions that explored Mongolia’s foreign direct investment opportunities and business climate. Senior representatives from the Government of Mongolia, the European Union, chambers of commerce, and leading companies underscored their shared commitment to fostering a more diversified, competitive, and sustainable economy. H.E. Mr. Zandanshatar Gombojav, the Prime Minister of Mongolia, emphasized at the opening: “The Government of Mongolia is placing strong emphasis on advancing industrial development and further improving the investment climate. We firmly believe that the knowledge, experience, advanced technologies, innovation, and investment of European businesses will play a vital role in helping us realise this ambition. As a trusted, reliable, and long-term partner, Mongolia is committed to consistently implement policies and reforms that protect investor interests and ensure a stable and predictable environment”.
The two-day forum featured moderated dialogues across priority sectors, including renewable energy and green technology, healthcare, textiles and garments, mining and critical raw materials, infrastructure, agribusiness, forestry, and consumer goods. Entrepreneurs also presented their innovations in a pitching competition, while European Union companies introduced their products and technologies. Matchmaking and one-on-one meetings created further opportunities for concrete partnerships and investment discussions.
One of the highlights of the forum was the signing of a Memorandum of Understanding between the European Investment Bank (EIB) and the Government of Mongolia, which could unlock up to €1 billion in investment for renewable energy, modern power networks, sustainable transport, and other projects driving the country’s green transition. The partnership, which has the full support of the European Commission, creates a pathway for significant new investment in clean, affordable, and secure energy for people and businesses.
EIB Vice-President Teresa Czerwińska, who signed the Memorandum of Understanding (MoU) and oversees the Bank’s operations in Mongolia, said: “I am honoured to mark this new chapter in our partnership with Mongolia. Through the EU’s Global Gateway framework, the EIB aims to boost investment in clean energy and sustainable infrastructure that strengthen resilience to climate change. Together, we can accelerate Mongolia’s green transition — creating new opportunities, supporting inclusive growth, and building a more sustainable and prosperous future for its people.”
H.E. Ms. Ina Marčiulionytė, Ambassador of the European Union to Mongolia in her closing remarks highlighted: “This forum has shown the breadth of opportunities that exist when European and Mongolian businesses come together. From renewable energy to healthcare, from infrastructure to critical raw materials, we are charting new pathways for cooperation. The European Union is proud to stand alongside Mongolia as a partner in sustainable development and inclusive growth, fostering trust, driving innovation, and building a truly mutually beneficial partnership”.
About Global Gateway
The Global Gateway stands for sustainable and trusted connections that work for people and the planet. It helps to tackle the most pressing global challenges, from fighting climate change to improving health systems and boosting the competitiveness and security of global supply chains.
About European Union
The European Union is an economic and political union of 27 European countries. It is founded on the values of respect for human dignity, freedom, democracy, equality, the rule of law and respect for human rights, including the rights of persons belonging to minorities. It acts globally to promote sustainable development of societies, the environment, and economies, so that everyone can benefit.