Relations in the fields of Trade, Economy and Education

Investments:

As of 2015, a total of 54 companies have invested amount of 31.2 million USD to Mongolia. Mostly invested sectors are: Trade, Public food and Production of raw materials of animal origins.

Trade volume

Export amounted 43.4 million USD in 2015
Import amounted 33.3 million USD in 2015

Trade structure

Export: Processed leather goods
Import: Food products, consumer goods

Loan and assistance volume, sectors

Since 1990, Italian Government has granted Humanitarian assistance of 7.2 million USD
On 19th November 2007, Mr. Gankhuyag.Ch, the Minister of Finance of Mongolia and Mr. Riccardo Sessa, the Ambassador of Italy to PRC have signed the “Agreement on Improving the Academic center of Maternity and Infants” between the Governments of Mongolia and Italy, which amounts 5.16 million USD.
The “Agreement on Improving the Academic center of Maternity and Infants” between the Governments of Mongolia and Italy was ratified by the Parliament of Mongolia on 8th May 2008 and therefore 3 tenders were announced. But this project has not been implemented yet, because the companies won the tender aren’t accepted by the Italian side.

Condition on citizens’ traveling:

Citizens with Diplomatic passports are mutually visa-free for 90 days

Number of Mongolian citizens living in Italy:

200