They exchanged views on strengthening the friendly relations between the two countries; expanding bilateral cooperation in fields of economy, particularly, agriculture, and actively collaborating through the shared interests as landlocked developing countries.

Furthermore, the first political consultative meeting between the Ministries of Foreign Affairs of Mongolia and Paraguay was successfully held on November 9 in Asunción, GogoMongolia reported. 

The consultations were led by the two Deputy Foreign Ministers. During the meeting, the two sides evaluated current state of the bilateral relations and discussed the prospects of further cooperation, and exchanged views on cooperation within the framework of the United Nations and other international and regional organizations.

As Paraguay has vast experiences in the agricultural sector, Mongolian side expressed willingness to cooperate and learn from Paraguayan best practices in beef export such as the public-private partnerships, which significantly increased the beef export, and one–spot policy to support exporting enterprises. Paraguayan side supported the request and expressed readiness for the collaboration.

Moreover, the two sides highlighted the continuous mutual support and cooperation within the framework of the United Nations and other international organizations, and noted the willingness to actively collaborate in the scope of regional and multilateral cooperation such as the Forum for East Asia-Latin America Cooperation (FEALAC). Paraguay is one of the 10 founding member countries of the International Think Tank for Landlocked Developing Countries, based in Ulaanbaatar.

In this regard, the two parties emphasized the importance of active collaboration within the margins of the Think Tank. In addition, the two sides agreed to work towards establishing an agreement on mutual visa exemption for diplomatic and official passport holders of both countries. Mongolia has such consultative mechanism in place with the foreign ministries of Mexico, Cuba, Brazil, Argentina, Colombia and Paraguay among the Latin American countries.