AKIPRESS.COM - Prime Minister of Mongolia Oyun-Erdene Luvsannamsrai met with President of Singapore Tharman Shanmugaratnam during his participation in the 54th Annual Meeting of the World Economic Forum held in Davos-Klosters, Switzerland, Montsame reported.

Prime Minister Oyun-Erdene expressed his satisfaction with the close cooperation between the two sides to implement the agreed-upon issues during his official visit to Singapore. The Premier stated that Mongolia gives priority to expanding mutually beneficial trade and economic cooperation with Singapore, an important partner in Southeast Asia.

He also commended the successful introduction of the unified accumulation fund system in accord with the characteristics of Mongolia and expressed Mongolia's interest in continuing cooperation in adopting Singapore's model, technology, and management in urban development, planning, and designing of public housing, meeting with Mongolia's conditions, geographical features, climate, and financial capabilities.

The parties exchanged views on the possibilities of starting direct flights between the two countries and enriching the bilateral relations and cooperation with economic content through tourism development.