ROMA (ITALPRESS) – Today at Villa Madama the Italian Business Forum – Mongolia, organized by the Ministry of Foreign Affairs and International Cooperation, in collaboration with ICE Agency. To close the work were: the Minister of Foreign Affairs and International Cooperation, Antonio Tajani, and the Minister of Foreign Affairs of Mongolia, Battsetseg Batmunkh, summarizing the main themes behind the dialogue and agreements reached. Among others, the President of the Italian Trade Agency, Matteo Zoppas, the Secretary General of the Mongolia National Chamber of Commerce, Bulgan Saruul, the CEO and General Manager of SIMEST, Regina Corradini D’Arienzo, the Head of International Affairs of Cassa Depositi e Prestiti, Laurent Franciosi, and the CEO of SACE, Michele Pignotti (TBC).
The Forum, divided into 3 sectoral panels, aimed at the textile, clothing and leather, agro-food and agro-industry and infrastructure development, including green technologies, renewable energies, waste management, transport and building materials, is part of a growing interest in the diversification of markets and the development of bilateral collaborations. The visit of the President of the Republic of Mongolia Khurelsukh in Italy between 30 November and 4 December is also included.
“Italy occupies an important place as a world leader in the textile, design and luxury sector,” the Mongolian Minister explained, after affirming that this forum is based on the impulses aimed at new projects and the strengthening of trade, in key sectors, such as the production of cashmere wool, fashion, energy and infrastructure. Battsetseg Batmunkh said that “Monomono has high quality raw materials”, while “Italy has experience in processing and technology. By collaborating we can transform the raw material into a global brand of excellence. We are committed to transforming today’s agreements into concrete actions and creating stable conditions for Italian entrepreneurs.”.
“We are ready to export even more not only our goods but also our ability to do and invest in countries like Mongolia, where there is the certainty of law,” said Minister Tajani. “I think we can do more also thinking about joint ventures between Italian and Mongolian companies. There is a fertile ground, so it can build together an industrial policy for the welfare of our citizens.” Tajani, also recalling the quality of Mongolian raw materials, reiterated the possibility of linking them to the technological capacity and the experience of Italian production, so as to “unite two qualities by making extraordinary products. We need raw materials to compete rare lands. This business forum must be a starting point. We want to strengthen the strategic chains”, added the vice president of the council, referring, besides fashionable, also to the field of space, on the one hand: Since in 2024, the Mongolian government announced the National Satellite Project, which aims to develop and launch a national satellite for telecommunications and earth observation.
Currently, the main international collaborations for the project concern French subjects for the design and implementation of satellite (Thales Alenia Space France) and US launch operations (SpaceX). From the Italian point of view, forms of cooperation could be developed for enterprises in the area of the development of satellite capacities of the country, in particular with regard to the observation of the land. And on the other hand to that of the training “there are several boys studying in our universities. We want you to create the number of Mongolian students. This is part of a broader agreement we signed just now. Knowing ourselves better means graduating culture. The culture industry enriches us all and brings well-being. We will do everything to ensure that Italy can be more and more present in order to ensure that our businesses can and be encouraged to import and invest in your country.”.
The trade exchange between Italy and Mongolia, although at a limited time and little diversified (139 million euros in 2024) has manifested in recent months an interesting dynamism. According to the latest estimates available, in the first eight months of 2025 Italian exports grew by 9.5%, reaching 54 million euros, while imports from Mongolia fell by 29.7%, stopping at 28 million euros. The exchange for this first period of the year amounted to EUR 82 million (-8.2%). The main items of our export to Mongolia are machinery (21%), clothing articles (10%) and paints, paints and varnishes, printing inks and synthetic adhesives (7%).
Imports from Mongolia are strongly concentrated in the agro-zootechnical sector, with live animals and animal products representing 90% of the total. Italy is the 9° supplier and the 3rd customer of Mongolia, with a market share of our export of 1.2%, lower than the German (3.1%), but higher than that of France (0.9%), and Spain (0.2%). In 2024, the stock of Italian IDEs in Mongoliaammontava to 13 million euros, while they do not turn out IDE Mongolians in Italy. “During this Forum ICE has also signed an agreement to facilitate the expansion and development and promotion of Made in Italy”, Zoppas said on the margin of the event, looking at the issue of exports that in Mongolia is still reduced, counting 77 million euros in 2024, with an increase in 2025, and adding: “What is important is the future potential, because the government and the Mongolian authorities expect important investments from here to the next ten years. And it is an opportunity that the whole country system must take, aligning itself with the entrepreneurs as an infrastructure in order to facilitate this kind of operations.”.
– Photo xl5/Italpress –
(ITALPRESS).
