Mongolian and Chinese commodity exchanges to cooperate

2018-01-26 15:10:10
Ulaanbaatar /MONTSAME/ An agreement on strategic partnership has been established between the Mongolian Commodity Exchange (MCE) and the Bohai Commodity Exchange (BOCE) of China.

By establishing this agreement, Mongolian agricultural products will be directly purchased through the BOCE.
CEO of the MCE Kh.Baatar said "Chinese factories now can buy commodity products of Mongolia at BOCE directly without sending their representatives to Mongolia. In 2018, numerous types of products  including hides, meat, wool and cashmere will be traded. It lays a foundation of bringing Mongolian commodity market into a new level."

In connection, Mongolian side will focus on supplying quality materials. The sides also established a working group for preparation.

The trade is expected to be launched in April after completion of the preparation.