Overview
- Chinese Foreign Minister Wang Yi met Mongolia's foreign minister and president and the two countries signed cooperation documents between their foreign ministries in Ulaanbaatar on Sunday, June 14.
- Mongolia publicly reaffirmed the one-China principle and backed Beijing's positions on Taiwan, Hong Kong, Tibet and Xinjiang while President Ukhnaa Khurelsukh said Mongolia would not take actions that harm China's interests and forecast bilateral trade of about $20 billion this year.
- China pledged to be a dependable partner offering sustainable development support and proposed closer alignment of development strategies to expand trade and Belt and Road cooperation.
- Both sides committed to deepen cooperation on critical minerals, ecological governance and connectivity and agreed to regular consultation on regional and international affairs, including a pledge not to join alliances or allow third-party use of territory to harm the other's security.
- Mongolia's move reflects its long-standing effort to balance ties with China and Russia and may boost investment and infrastructure in mineral and transport projects while reducing diplomatic space for third parties such as Taiwan.