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.
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.
Locke and Mongolia’s Minister of Foreign Affairs and Trade Gombojav Zandanshatar signed a Memorandum of Understanding on Trade and Economic Cooperation. Commerce and MFAT agreed that strengthening cooperation, exchanges, and technical assistance; sharing experiences in implementing a strong commercial legal regime; and promoting trade and investment are key to further development of the bilateral trade and economic relationship. U.S. exports to Mongolia increased by 184 percent in 2010, totaling $115 million.
The FAA and the Civil Aviation Authority of Mongolia signed a Memorandum of Agreement (MOA) in order to develop civil aeronautics and enhance aviation safety through technical assistance and training. 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.
Fact sheet
Source: U.S. Department of Commerce
