Speaker G.Zandanshatar meets U.S. delegates

2019-10-30 13:46:02

On October 28, G.Zandanshatar, Speaker of Mongolian Parliament, received delegates led by Alan Turley, the Deputy Assistant Secretary of Commerce for China and Mongolia in the U.S. Department of Commerce’s International Trade Administration.

At the meeting, Mr. Alan Turley briefed about works to expand bilateral trade and commercial cooperation. Mr.Alan Turley emphasized that he is together with representatives of U.S. trade and business investors with a purpose to intensify bilateral cooperation in trade, investment and industrial sectors.

Speaker G.Zandanshatar said, “The U.S. is our ‘third neighbor’ with important strategic partnership and a close partner of democracy, human rights, politics and economy.  We focus on developing high-level trade and investment cooperation with the U.S which leads the world with its technology production and is a key player in trade and abundant resource of foreign investment. Moreover, the most appropriate and closest way that links the Asia and Europe passes through Mongolian territory. China-Russia and Asia-Europe trades are increasing greatly. We have a historical tradition of ‘Silk Road,’ which was a bridge to link the Asia to Europe. Political and social sectors’ relations of the two countries are rapidly developing. Although economic cooperation has not reached this level and there is a potential to expand further.”

Mongolia has vast potential in agriculture, wool and cashmere, textiles and mining sectors. In recent years, there have been advancements in renewable energy sector with solar and wind resource, which opens a new cooperation opportunity for investors, said the Speaker.

During the meeting, the sides exchanged views on building favorable legal environment to attract investors, conditions to be caused by Mongolia’s inclusion in FATF’s ‘grey list’ as well as possibilities to develop mutually beneficial cooperation in economy, investment, banking and trade sectors.