Ulaanbaatar /MONTSAME/ 36 business agreements and deals worth USD 4.6 billion were signed at the Mongolia-China Business Forum, held in Beijing on April 11. Some delegates were interviewed on outcomes of the business forum and the documents signed.
Chairman of Mongolian National Chamber of Commerce and Industry M.Oyunchimeg:
The forum is a very important event that covers over 600 representatives of the two countries. During the forum our entrepreneurs held talks with Chinese companies about collaboratively increasing investment, improving management and introducing technology. Creating legal environment regarding trade facilitation and the free trade agreement in government level of the two countries were emphasized during the forum. On the other hand, it is important to meet international standards and to have a laboratory in order to export value added animal origin products to Chinese market.
The Governments of the two countries will establish agreements to provide a favorable legal environment including lowering 40 percent tax on exported agricultural products to China. Businessmen expressed their readiness to take all measures required from them. Within the Prime Minister's visit the governments of the two countries signed documents worth USD 1.2 billion and businessmen signed 36 documents worth USD 4.6 billion. In the future, this relationship will grow. Chambers of Commerce of the two countries should cooperate with government organizations to create more favorable business environment.
Executive Director of 'Bodi International' LLC A.Amundra:
For the last six years 'Bodi International' company made researches to do business in the energy sector and in 2016 we established an agreement on investment and energy supply. Within the agreement we will build a power plant with capacity of 300 megawatts on Buuruljuut area in Tuv aimag. We have signed the cooperation agreement with China state construction engineering LLC, the main contractors of 300 mW Buuruljuut Thermal Power Plant Project. According to the plan, construction work will begin in August, 2018 and will be commissioned after 2 years and 3 months. We estimate that 'Bodi International' company will supply about 25 percent of Mongolia's total energy starting 2022. The project is being implemented by a company that is fully invested by Mongolia.
Director of the Mongolian Film Festival Federation B.Jargalsaikhan:
During the Prime Minister's visit, Mongolian Film Festival Federation and Inner Mongolia's Chingis Khaan film art LLC signed a cooperation agreement on project 'Making a serial about Chingis Khaan'. As it will be a joint project, historians, researchers, writers from Mongolia and Inner Mongolia will work together on the screenplay and artists from the both countries will be involved. Beginning from June we will start preparation of the project and film shooting will begin in July, 2019.