Ulaanbaatar
National Chamber of Mongolia to Cooperate with Yantai City of China
Economy
Ulaanbaatar, July 31, 2023 /MONTSAME/. The Mongolian National Chamber of Commerce and Industry and the Federation of Industry and Commerce of the coastal city of Yantai in East China's Shandong province have signed a memorandum of cooperation. A large group of representatives of Yantai city administration and business communities of Shandong province of China arrived in Mongolia to hold a Mongolia-China Joint Business and Investment Meeting and face-to-face, B2B meetings on July 24.
Representatives of
more than 10 sectors of Shandong province
and Yantai City, including medical
equipment, construction, electronic equipment, machine parts, and
food production from the Chinese side and 50 enterprises from the Mongolian side took
part in the Business and
Investment Meeting
The parties agreed to organize joint meetings and other events to connect businessmen of the two countries. The administration of Yantai City, one of the largest municipalities in Shandong province plans to implement 537 major projects with a total investment of CNY 2.2 trillion, covering advanced manufacturing, modern services, new energy, infrastructure, urban development, and many other sectors. Therefore, the Chinese part pointed out that there is a wide demand and space for mutual investment and cooperation.
At the face-to-face meetings, the entrepreneurs from Yantai City expressed their aspiration to cooperate in a way of establishing a joint factory and partnering to sell their products in Mongolia.
