Ratings Downgrade

Following a meeting in Ottawa between Mongolian Agricultural Minister Tunjin Badamjunai and Canadian Agricultural Minister Gerry Ritz, Ulan Bator agreed to allow imports of a wide swathe of Canadian agricultural products. The agreement bodes well for Mongolian-Canadian relations going forward, particularly given the growing importance of bilateral trade between the two states. Indeed, as one of the largest foreign investors in Mongolia - the majority of which is directed towards the mining sector - Canadian financing remains crucial to the country's long-term growth potential.

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