During his visit the talks between Kim Yong Nam and the Mongolian president took place and the DPRK Cabinet premier and the chairman of the SPA separately met and conversed with the Mongolian president.

At the talks and conversations they informed each other of the situations in their countries and had a candid exchange of views on the issue of boosting the DPRK-Mongolia friendly and cooperative relations with a long history and tradition and matters of mutual concern and reached a consensus of views on all issues discussed. They concluded a series of agreements.

Both sides stressed that the Mongolian president's visit to the DPRK marked an important occasion in opening a new chapter in the development of the traditional relations of friendship and cooperation provided by the preceding leaders as it took place in the significant year marking the 65th anniversary of the opening of diplomatic ties between the two countries and the 25th anniversary of President Kim Il Sung's Mongolia visit.

The DPRK side congratulated the Mongolian government and people on achieving socio-political stability, keeping a high rate of economic growth depending on its rich natural resources and raising its international position by pursuing independent and multi-faceted foreign policies under the correct guidance of the Mongolian president. It wished the Mongolian people bigger successes in their efforts to build a rich and powerful state.

The Mongolian side congratulated the Korean people on celebrating with splendor the 65th anniversary of the DPRK and the diamond jubilee of the victory in the Fatherland Liberation War, successfully tiding over difficulties under the wise leadership of Marshal Kim Jong Un. It expressed support and solidarity for the Korean people in their struggle to achieve prosperity and independent and peaceful reunification of the country.

Both sides stressed the need to independently and steadily boost the traditional relations of friendship and cooperation in all fields including politics, economy, culture, sports and tourism on the principle of mutual respect, equality and non-interference in internal affairs and in the common interests.

Both sides appreciated that the agreements on cooperation in the fields of industry, agriculture, culture, sports and tourism signed between the governments of the two countries this time are of weighty significance in putting the bilateral cooperation on a new stage.

Both sides had an in-depth discussion on ways of extensively developing economic and trade relations and facilitating multi-faceted exchange and cooperation by making a maximum use of the close historical bonds between the two countries and the rich potential for cooperation and thereby bringing substantial benefits to the two peoples.

They decided to cooperate with each other on the basis of exchanging the successes and experience gained in the process of socio-economic development and respecting the right to choice in each other's social system and development and make positive efforts in the direction of creating a legal environment favorable for finance and investment according to domestic law and regulations and the internationally recognized principles and norms.

They recognized in union that to boost the traditional bilateral relations of friendship and cooperation with the geographical and historical commonness is in line with the desire and wishes of the two peoples and it is conducive to the peace and stability in Northeast Asia and the rest of the world.

The Mongolian side explained the "Ulaanbaatar Dialogue" on security in Northeast Asia proposed by the Mongolian president and the DPRK side took note of it and said that it would respect Mongolia's status as a non-nuclear state.

It was decided that both sides would hold regular negotiations between the foreign ministers of the two countries every year and closely cooperate with each other at the UN General Assembly and other international conferences.

The Mongolian president's visit to the DPRK will give strong spurs to boosting the DPRK-Mongolia friendship with a long history and tradition and dynamically promote the multi-faceted exchange and cooperation between the two countries.