Representatives of Mongolian Small and Medium Enterprises Development Fund which supports SMEs in Mongolia, visited our country.
Date: 01 November 2018

he information and visit program was organized for the Mongolian delegation between 31 October and 2 November 2018 within the scope of the Memorandum of Understanding signed between the Small and Medium Enterprises Development Fund of Mongolia and KOSGEB on 6 April 2018.

At the opening of the program, KOSGEB President Cevahir Uzkurt expressed his pleasure hosting the Mongolian delegation and emphasized that within the scope of the Memorandum of Understanding, an Action Plan, which will determine the road map should be prepared and signed by the parties. In order to increase the trade volume of the two countries, it was stated that both institutions were required to cooperate in the process of bringing SMEs together and KOSGEB is ready to transfer its experiences through the exchange of experts.

Mongolia Ambassador Bold Ravdan stressed that political relations with Turkey have evolved in a positive trend.

Small and Medium Enterprises Development Fund of Mongolia J.Baasandorj stated that they performed this visit to learn about the experience of Turkey, emphasized the importance of cooperation.

At the beginning of the program, presentations were made on the structure, function and activities of the Mongolian Small and Medium Enterprises Development Fund and KOSGEB.

The fact that SMEs have a strategic importance in economic and social development with the ability to adapt rapidly to changing conditions, having flexible production structure, providing regional development and reducing regional differences while making significant contributions to employment by creating new job opportunities to develop national economies have been explained with the KOSGEB support models in detail at the presentations.

Within the scope of the program, presentations were made about KOSGEB Entrepreneurship Support Program, Business Development Support Program, Financing Model, R&D and Innovation.

On the second day of the program by visiting the Credit Guarantee Fund, the delegation was given detailed information about the guarantee system in Turkey. Then, KOSGEB OSTİM Directorate and 2 SMEs were visited.

Chairman of the Mongolian Delegation, said that KOSGEB welcomed them very warmly and the program was very fruitful. Mr. J.Baasandorj said that under this program, SMEs in the areas that they want to benefit from Turkey's experience and bringing together SMEs of the two countries within the scope of the negotiations. He also requested KOSGEBs assistance about technical education for capacity building.

As KOSGEB, it was stated that every effort will be made to meet these demands of the Mongolia side within the framework of the Action Plan to be signed under the perspective of Memorandum of Understanding.