MINISTER OF ENVIRONMENT AND CLIMATE CHANGE B. SANDAG-OCHIR MEETS WITH SINGAPORE’S DEPUTY PRIME MINISTER AND MINISTER FOR ENERGY, TRADE AND INDUSTRY GAN KIM YONG

On 7 October 2026, a delegation led by Mongolia’s Minister of Environment and Climate Change, B. Sandag-Ochir, met with the Republic of Singapore’s Deputy Prime Minister and Minister for Energy, Trade and Industry, Gan Kim Yong, in Singapore to exchange views on expanding bilateral cooperation in trade, investment and the green economy.

During the meeting, the two sides focused on putting into practice the Implementation Agreement on carbon credit cooperation concluded under Article 6 of the Paris Agreement. They discussed the project application process, preparations for relevant regulations and procedures, and joint working-level discussions.

Minister B. Sandag-Ochir noted that this cooperation offers opportunities to mitigate climate change and support low-carbon development. He emphasised the need to strengthen specialists’ capacity and exchange experience to ensure effective implementation in this emerging field.

Deputy Prime Minister Gan Kim Yong expressed Singaporean companies’ interest in investing in low-carbon solutions and projects in Mongolia. He noted that such projects could create jobs and support economic growth while generating carbon credits for trading on international markets. The two sides also exchanged views on drawing on Singapore’s green financing capabilities.

The Mongolian side expressed interest in cooperation in innovation, digital transformation, artificial intelligence and infrastructure as part of its efforts to diversify the economy and develop value-added industries. They also discussed opportunities to develop green data centres drawing on Mongolia’s renewable energy resources and potential, and to connect with Singaporean investors.

The Singaporean side emphasised the importance of considering the two countries’ respective strengths and complementarities when identifying areas for cooperation. It also highlighted the role of workforce training, professional development and project financing in enhancing investment returns, and expressed its willingness to help establish connections with interested companies.

Both sides noted that the Mongolia–Singapore Business Forum, to be held in Singapore on 8 October, would provide an important platform for expanding business ties and presenting investment opportunities. At the conclusion of the meeting, they reaffirmed their mutual interest in strengthening coordination between relevant institutions and continuing to explore the areas of cooperation discussed.