High-level officials from Mongolia address Boao Forum for Asia Ulaanbaatar

2019-08-21 13:46:47

Ulaanbaatar /MONTSAME/. On August 20-21, Mongolia is hosting the Boao Forum for Asia in Ulaanbaatar for the first time. The participants of the conference agreed that cooperation of culture and education plays a significant role in the regional development. Discussing the wide ranges of issues concerning the economic growth of the Asian countries, the conference also touched upon investment environment and economic prospects of Mongolia and corresponding government ministries of Mongolia delivered presentations at the parallel sessions.  

Addressing the guests of the forum, Prime Minister of Mongolia, U.Khurelsukh underlined that Mongolia has always been aiming to develop mutually beneficial cooperation, actively participate in the regional integration and make its contribution to tackle issues faced by regional and global people. “Moreover, we highly value that China is sharing its development benefits with its neighboring country and implementing a policy to develop together”. He then noted about the growing economy of Mongolia within the scope of its cooperation with its partner countries and international organizations and Mongolia will continue to take measures to stabilize its economic growth, improve investment environment, enhancing investors’ trust and protecting their legal rights. 

During the first day of the conference. Minister of Foreign Affairs D.Tsogtbaatar informed that the international Boao conference is one of many events planned to be organized by Mongolia on the 70th anniversary of the diplomatic relations between Mongolia and China. “As major business leaders and entrepreneurs and investors convene at the Boao forum with some weighty business ideas, delegates from Pakistan, Malaysia, Hungary and South Korea arrived in Ulaanbaatar, looking for regional trade collaboration and investment opportunities” he said. “Mongolia hosting the Boao conference is attracting the attention not only of the regional countries concerned, but also at a global level”. 

He further noted that, “First, Mongolia is aiming to find new markets for products exporting from Mongolia during the current period of smooth operation of business entities’ thanks to the economic revival. In order to that, Mongolia has invited investors and business entrepreneurs to Mongolia to connect them with Mongolian companies. A whole day is dedicated to the talks between Mongolian and foreign business entities on the sidelines of the conference. Secondly, this forum has crucial advantages for the economy, trade, investment and technology industry of the country, providing us with a chance to introduce Mongolia’s policy implementation and business development situations.