Ulaanbaatar
Trade turnover with Japan increased by 17 per cent
PoliticsUlaanbaatar /MONTSAME/ Economic Partnership Agreement between Mongolia and Japan entered into force in June, 2016 and as a first result of the agreement trade turnover has been growing.
“- Annual trade with Japan reaches USD300 million and the trade turnover of 2016 reached to USD344 million, grew up by 17 per cent compared to the previous year. Due to the Economic Partnership Agreement, Japanese businessmen’s interest to study Mongolian business environment and investment Mongolia has been intensifying” said Director of the Foreign Trade and Economic Cooperation Department of the Foreign Affairs Ministry V.Enkhbold.
Last year, several meetings were organized to introduce and discuss about what possibilities businessmen have in the framework of the agreement. For instance, business representatives of Hokkaido and Shizuoka prefectures of Japan came to Mongolia to hold business meetings.
Mr. V.Enkhbold also highlighted an official visit of PM J.Erdenebat to Japan and an economic forum held during the visit. “- A contract was established between companies during the forum and dried milk processing factories will be established in every aimag. The Economic partnership agreement has started yielding positive results".
