Ulaanbaatar
Consultative Meeting of Greater Tumen Initiative Program takes place
视频
The 18th Meeting of Consultative Commission of ‘Greater Tumen Initiative’ Program between Mongolia, Russia, China and South Korea is convening in Ulaanbaatar city, introducing Priority Development Programs of Mongolia and discussing financial cooperation. On June 21, a high-level discussion ‘Priority Development Programs: Financial Cooperation Initiatives’ took place. According to the last ten years’ statistics, trade made with member states of the initiative Russia, China and Korea is making up 70-90 percent of total trade turnover of our country. Amongst it, Mongolia made 80 percent of its export with China and about 30 percent of import with Russia. Whereas, investment made by member countries of the initiative to Mongolia equals to just 30 percent. The Government of Mongolia is ensuring preparation to put ‘Tavan Tolgoi’ project into economic circulation and plan to implement the project in collaboration with private sector and foreign investors in open manner, accomplishing works of establishing coal enrichment and preparation plant and power plant as well as building roads in complex. Over 100 delegates from the Ministries of Finance, Trade and Economy of Mongolia, Russia, China and South Korea, executives of EXIM banks, authorities of local administrations as well as research institutes are partaking in the consultative meeting.
