Prime Minister receives leaders of commerce chambers of China and Russia

2017-06-16 15:31:08
Ulaanbaatar /MONTSAME/ The 13th General Economic Forum of Mongolia, Russia and China commenced on June 15 at Tuushin Hotel of Ulaanbaatar. On the sidelines, Prime Minister J.Erdenebat received President of the Chamber of Commerce and Industry of the Russian Federation S.N.Katyrin and Vice Chairman of the China Council of the Promotion of International Trade Wang Jinzhen.

Representatives of over 350 entities are taking part in the Economic Forum to discuss cooperation opportunities, challenges facing and solutions. “I am confident that the decision made during the forum will be supported on the government-level through certain policies”, said Mr Katyrin.

Vice President of the China Council for Promotion of International Trade extended gratitude to the Prime Minister of Mongolia for his constant support for cooperation between businesses of three countries. The Association for China-Mongolia Cooperation recently established in China has more than 150 member organizations. While underlining that Mongolian companies are welcome to contact and start cooperation with this association, Mr Wang asked the Premier to focus on boosting regional cooperation.

“The most important document on the cooperation between our three countries is the Program on Establishing Mongolia-Russia-China Economic Corridor, in my opinion. The cooperation under the Program must be a united capacity of the three countries to reach out to other countries for economic partnership” said Mr J.Erdenebat.

The 13th Mongolia-China-Russia Economic Forum incorporates side conferences on matters of infrastructure, the environment, green growth, food, agriculture, industry, customs and taxes.

Thus far in 2017, as of the first four months, 80 percent of Mongolian international trade was with its two neighbors. To be specific, trade turnover with Russia totaled USD 335 million, and with China amounted to USD 2.1 billion. Compared to the same period of 2016, trade turnover with Russia increased by 46 percent, and that with China increased by 51 percent.
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