Ulaanbaatar
Prime Minister’s Visit: Mongolia Values Long-term, Effective, and Consistent Partnership
Economy
Ulaanbaatar, June 30, 2023
/MONTSAME/. As part of the Official Visit, Prime
Minister L. Oyun-Erdene attended the “Mongolia-China Trade and Economic
Cooperation” Forum, which was jointly organized by the Mongolian National
Chamber of Commerce and Industry and the China Council for the Promotion of
International Trade in Beijing, and delivered the opening remarks.
In
his opening remarks, Prime Minister L. Oyun-Erdene said, "In pursuit of
the principle of being a 'Trustworthy, Reliable, and Long-Term Partner,' the
Government of Mongolia has been carrying out legislative and institutional
reforms to protect the interests of investors and improve the investment
environment. There are over 7500 companies with Chinese investment in Mongolia.
The Ministry of Economy and Development, along with the Foreign Investment
Agency under this Ministry, has been established to gather complaints from
investors, register them online, and promptly resolve the issues. All of these
commitments aim to make the Mongolian investment policy clear and
consistent." Lastly, the Prime Minister stated that the Government of
Mongolia is ready to maintain mutually beneficial cooperation with investors in
large development projects, valuing the long-term partnership.
The
focus of the Prime Minister's official visit lies not only in the political
sphere but also in elevating cooperation among investors, enterprises, and
business communities to a new level. Within the scope of this focus, the Prime
Minister held meetings with managements of Chinese state-owned companies, such
as China Energy, China National Offshore Oil Corporation, Power China, China
State Construction Group, and Norinco, to discuss the improvement of the
Mongolian investment environment and maintenance of the long-term cooperation.
According
to the President of the Mongolian National Chamber of Commerce O. Amartuvshin,
about 25 cooperation agreements, totaling three billion yuan, were signed
during the “Mongolia-China Trade and Economic Cooperation” Forum.
In this Forum, over 500 entrepreneurs from Mongolia and China participated.
