MONGOLIA–SINGAPORE BUSINESS FORUM HELD IN SINGAPORE

The Mongolia–Singapore Business Forum was successfully held in Singapore on 8 October 2026 to expand bilateral trade, investment and business cooperation.

Jointly organised by the Embassy of Mongolia in the Republic of Singapore, the Singapore Business Federation (SBF) and the Mongolian National Chamber of Commerce and Industry (MNCCI), the forum brought together more than 120 representatives from over 80 companies from both countries. Participants explored opportunities for cooperation in trade, investment, finance, the green economy and technology.

H.E. Dr Uyanga Ganbold, Ambassador of Mongolia to the Republic of Singapore, delivered the opening remarks. H.E. Mr Ts. Sandag-Ochir, Minister of Environment and Climate Change of Mongolia, and Mr Foo Cexiang, Minister of State for Manpower and Energy, Trade and Industry of Singapore, attended as guests of honour and addressed the forum.

A key outcome of the forum was the signing of a Memorandum of Understanding between MNCCI and SBF. Signed by Mr B. Lkhagvajav, President of MNCCI, and Mr Mark Lee, Chairman of SBF, the MoU provides a framework for strengthening ties between the two countries’ business communities through trade and investment promotion, reciprocal business delegation visits, capacity building for enterprises, and the exchange of economic and commercial information.

The forum also highlighted that project applications under the Mongolia–Singapore Implementation Agreement on Carbon Credit Cooperation will open on 30 October 2026. This will create new opportunities for private-sector organisations from both countries to undertake joint projects in carbon markets, climate change mitigation and green investment.

Business-to-business (B2B) meetings held as part of the forum enabled Mongolian and Singaporean companies to establish direct contacts, present potential areas of cooperation and explore new partnerships through more than 20 business discussions.

The forum provided an important platform for strengthening direct ties between the two countries’ business communities, exploring joint projects and new business opportunities in energy, carbon markets, technology, finance and investment, and advancing cooperation towards tangible outcomes.