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17 June 2024 Policy Dialogue Speakers: HE Bold Luvsanvandan, Ambassador of Mongolia to the Kingdom of Belgium, The Netherlands, Luxembourg and the European Union; Amanda Paul, Deputy Head, Europe in the World Programme and Senior Policy Analyst, EPC; Jean-Louis Ville, Head of Unit, East Asia & Pacific, Directorate-General for International Partnerships, European Commission; Olena Borodyna, Senior Geopolitical Transition Risks Advisor, Global Risks and Resilience Programme, ODI; Uradyn Bulag, Professor and Research Director, Mongolian and Inner Asia Studies Unit, University of Cambridge Moderator: Raúl Villegas Barrera, Junior Policy Analyst, Europe in the World Programme, EPC Since the 1990s, Mongolia has undergone major political transformations, transitioning to become a democratic state with an open market economy. Wedged between its powerful neighbours – Russia and China –, it has sought to build strong ties with distant powers through its ‘Third Neighbour Policy’, including the EU, and to diversify its economic sector and trade partners. Building on its Partnership and Cooperation Agreement with Mongolia, the EU has supported such transformations. Nevertheless, the country remains dependent on Chinese markets for its mineral exports, and Russia for its energy imports. Due to its geography, it also risks being left out of the EU’s connectivity initiatives. By bringing EU and Mongolia experts and officials together, this dialogue assessed the state of EU-Mongolia relations and identified challenges and venues for cooperation, advancing suggestions for a closer, more strategic partnership.