India and Mongolia on Wednesday discussed economic cooperation in areas such as infrastructure development, energy, services and IT and agreed to explore possibility of launching direct air connectivity between New Delhi and the Mongolian capital Ulaanbaatar.

External Affairs Minister Sushma Swaraj during a joint media briefing with Mongolian Foreign Minister D Tsogtbaatar after the 6th Session of the Indian-Mongolia Joint Committee on Cooperation in Ulaanbaatar said the two countries agreed to explore ways to identify new areas of cooperation in all sectors of mutual interest and to enhance bilateral trade and investments.

Swaraj also discussed terrorism with her Mongolian counterpart Damdin Tsogtbaatar and the two agreed to collaborate to confront those who design and support terror outfits.

Addressing a press conference after holding talks with Tsogtbaatar, Sushma Swaraj said: “We discussed global challenges affecting humanity, particularly terrorism, and agreed to collaborate bilaterally in the international arena to root out this evil.

Swaraj, the first Indian foreign minister to visit the resource-rich country in 42 years, said India sees Mongolia as a factor of stability in East Asia and believes that Mongolia’s social and economic development is important for peace and prosperity in the region.

During the Indian-Mongolia Joint Committee on Cooperation, the two sides discussed pressing global challenges, particularly the scourge of terrorism and agreed to collaborate bilaterally and in international arena to thwart the designs of those who extend support to terrorist outfits.

Sushma Swaraj, who arrived in the Mongolian capital on Tuesday after wrapping up her China visit, also called upon the country’s business community to seize economic opportunities from India’s growth.

In 2015, Narendra Modi was the first Indian Prime Minister to visit this landlocked Asian country. It had ruffled China’s feathers.

India is currently helping Mongolia build its first oil refinery with a $1 billion line of credit, to reduce its dependence of neighbouring nations.

Swaraj is in Mongolia to co-chair the sixth round of the India-Mongolia Joint Consultative Committee (IMJCC), focusing on a range of issues including economic, energy, political, strategic, educational and cultural ties.

(With inputs from agencies)