On February 5, Deputy Minister of Foreign Affairs B.Munkhjin and Ambassador Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland to Mongolia Philip Malone exchanged notes on Mongolia’s accession to the Enhanced Framework of the UK’s Generalised Scheme of Preferences (GSP), which is equivalent to the European Union’s GSP+.

Mongolia’s inclusion in the UK GSP is of great significance in increasing bilateral trade, reducing the country’s dependence on mining, diversifying exports, promoting value-added production, and improving product competitiveness.