Ulaanbaatar
Mongolia-China intergovernmental commission convened
Politics
Ulaanbaatar
/MONTSAME/. The 17th meeting
of the Intergovernmental Commission between Mongolia and China on Trade,
Economic, Scientific, and Technological Cooperation was held on October 27.
The meeting was
co-chaired by Minister of Economy and Development Ch. Khurelbaatar and Chinese
Minister of Commerce Wang Wentao and participated by representatives of relevant
ministries and organizations.
During the meeting,
the two parties discussed the implementation of the protocol of the 16th meeting
of the Commission, the achievements in bilateral trade, economy, and
cooperation between the two countries, and the performance of the essential
matters agreed upon at a high-level visit. They exchanged opinions on the main
goals, actions and priority areas of cooperation for the next two years.
The countries
expressed their satisfaction with the development of the comprehensive
strategic partnership between Mongolia and China, the frequency of high-level
mutual visits, the increase of mutual understanding, and the continuous
development of cooperation even in the midst of the pandemic.
As part of the goal of
developing trade and economic cooperation between the two countries, they
exchanged views on implementing Mongolia's "Vision 2050" long-term
development policy and "New Revival Policy" in coordination with
China's "Global Development Initiative" and "Belt and Road"
initiatives, intensifying the operations of border checkpoints, advancing the
realization of energy and infrastructure development projects and programs, and
deepening cooperation in the agriculture sector.
At the meeting, the parties
finalized the "Medium-term program for the development of trade and
economic cooperation between Mongolia and China."
The discussion was
held in the context of promoting trade and transit transportation between the
two countries, deepening railway cooperation, intensifying the construction
work of the Gashuunsukhait-Gantsmod railway port, renewing the
"Mongolia-China border railway agreement," and connecting the
Khangi-Mandal port by railroad.
It was also agreed to
intensify the implementation of large-scale projects financed with
non-refundable aid and soft loans provided by the Chinese side. The Ministry of
Foreign Affairs informed that according to the results of the 17th session of
the Intergovernmental Commission between Mongolia and China on Trade, Economic,
Scientific and Technological Cooperation, the two sides signed a protocol.
