Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what steps his Department is taking to promote bilateral trade between the UK and Mongolia.

The Department for International Trade (DIT) has a team in Mongolia which focuses on the significant opportunities in the mining, infrastructure, financial and professional services and education sectors. In 2016 DIT increased its activity in the market, and its support for British companies, by designating the mining opportunity as a High Value Campaign with a potential export value of £350m over the next 5 years and signing a memorandum of understanding with the Mongolian Ministry of Mining and Heavy Industry. UK Export Finance (UKEF), the UK’s export credit agency offers competitive finance and insurance to support UK exporters. UKEF has capacity to support UK exports to Mongolia and welcomes new applications for support.