Nepal and Mongolia established diplomatic relations on 05 January 1961. Nepali Ambassador in Beijing is concurrently accredited to Mongolia and the Mongolian Ambassador in New Delhi is concurrently accredited to Nepal. Both Nepal and Mongolia are land-locked states, located between two big neighbors. As both countries hold strong faith on the principles enshrined in the UN Charter, the Non-aligned Movement and Panchasheela, Nepal and Mongolia hold similar views on many international issues i.e. peace, disarmament, LLDCs rights, climate change and development.
Exchange of Visits
The Prime Minister Man Mohan Adhikari’s official visit to Mongolia in March 1995 is the latest important high-level visit between the two countries from Nepal side.
Similarly, from the Mongolian side the Mongolian President Mr. Natsagiin Bagabandi paid a state visit to Nepal from 5-7 January 2001. At the invitation of the Dr. Parkash Sharan Mahat, Minister for Foreign Affairs of Nepal H.E. Mr. Tsend Munkh-Ogil, Minister for Foreign Affairs of Mongolia paid three-day official visit to Nepal on 18-20 December, 2016.
Bilateral Co-operation and Agreements
A Framework Agreement on Bilateral Co-operation was signed between Nepal and Mongolia in 2001 during the visit of the Mongolian President Mr. Natsagiin Bagabandi to Nepal. Nepal and Mongolia also signed a bilateral Trade Agreement in 1992 on the basis of Most Favoured Nation (MFN) treatment. Similarly, a Cultural Agreement was signed between the two countries in 1995 during the visit of the then Prime Minister Mr. Man Mohan Adhikari to Mongolia.
The Two countries have signed Agreement on the Exemption from Visa Requirements for the holders of Diplomatic and Official (Special) Passports. Mongolia has initiated the Multilateral Agreement for the Establishment of the International Think Tank for LLDC and Nepal is in the final stage of acceding to the Agreement. Nepal and Mongolia have agreed to establish a Joint Consultation Mechanism between the Foreign Ministries of two countries and both sides have finalized the text of agreement for signing.
Economic and Trade Relations
Nepal and Mongolia have free market economy. Economic ties between them are limited. However, there are some possibilities of expanding these ties. Wool processing, handicrafts, livestock, highland pasturing and horse breeding may be some of the potential areas of bilateral cooperation. According to the trade statistics of Trade Promotion Centre for the year 2015/16, Nepal’s exports and imports to and from Mongolia amounted to NRs. 3.75 million and 38.03 million respectively resulting in negative trade balance as it was in previous year. With the improving living standards of Mongolian, there lies a high possibility of attracting religious tourists from Mongolia by promoting the Buddhist shrines of Nepal including Lumbini- the birthplace of Gautama Buddha.
Cooperation in regional and global issues
Nepal and Mongolia are landlocked countries guided by the principles enshrined in the charter of the United Nations and share similar views on many issues of common interests in international fora in general and towards the interests of landlocked countries in particular including lending their support to each other’s candidacy to the UN bodies.