Deputy PM receives Head of State Market Regulatory Administration of China

2018-12-13 18:59:16

Ulaanbaatar /MONTSAME/ On December 13, Deputy Prime Minister U.Ekhtuvshin met with a delegation headed by Zhang Bao, Head of State Market Regulatory Administration (SMRA) of China.

The SMRA Head noted the establishment of a Memorandum of Cooperation on consumer protection and competitiveness between the Authority for Fair Competition and Consumer Protection of Mongolia and SMRA brings new beginning in the cooperation and informed the Deputy PM that SMRA carries out comprehensive inspections of pharmaceutical products, intellectual property and market.

Deputy PM U.Enkhtuvshin highlighted the Memorandum will make great contribution in realizing decisions made at the intergovernmental commission’ meeting, noting the two bodies have key role in increasing bilateral trade turnover to USD 10 billion by 2020. He also made a comment that the sides shall mutually exchange experience, lend support, share information and consult regarding the issues of competition and consumer protection.