Vice President Mohammad Hamid Ansari reached Ulaanbaatar, the capital of Mongolia.He was received by Head of Presidential Admin, Mongolia at the airport. Vice-President Ansari is leading the India delegation for two-day 11th Asia Europe Meeting- ASEM-Summit . The ASEM summit is a unique platform to bridge the two continents for constructive partnership and exchange through political dialogue, economic
collaboration and socio- cultural exchanges. The Vice President will hold bilateral meetings with President of Mongolia, the Speaker of Parliament of Mongolia and Prime Minster of Mongolia during the special lunch.
The multilateral biannual summit will focus on multidimensional inter connectivity between Asia and Europe.
The theme for the summit is “20 Years of ASEM: Partnership for the Future through Connectivity”.
According to the World Trade Organisation statistics, global trade growth has slowed significantly since 2008, from an average of over 7 per cent per annum between 1990 and 2008, to less than 3 per cent between 2009 and 2015.
ASEM’s coming into being was a natural response to the dramatic changes in the global political and economic landscape in the mid-1990s following the end of the Cold War, at a time when Asia was emerging as a world economic powerhouse.
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