Mongolia-China agree to collaborate in increasing meat export

2018-09-20 16:26:50

Ulaanbaatar /MONTSAME/ The 15th Meeting of Intergovernmental Commission between Mongolia and China on Trade, Economic, Scientific and Technical Cooperation took place in Beijing, China on September 17. The meeting was co-chaired by U.Enkhtuvshin, Deputy Prime Minister of Mongolia and Zhong Shan, Commerce Minister of China.

At the regular meeting of the intergovernmental commission, the sides exchanged opinions on broadening trade and economic cooperation between the two countries and agreed some issues.

To achieve a goal to increase bilateral trade turnover to USD10 billion by 2020, the Mongolian side proposes to renew commercial structure, to develop value added production, to improve capacity of border checkpoints as well as to widen trade of agricultural products.

Moreover, the Mongolian side expressed its willingness to establish General Agreement on Energy Sector Cooperation between the Governments of Mongolia and China as soon as possible. They also requested to cooperate in implementation of major regional projects, such as building a gas pipeline and establishing Asian Super Grid which were discussed during the meeting between heads of the two states in Vladivostok, Russia.

During the meeting, the sides signed a special loan agreement on a project 'Construction of 67 km paved road in route Tosontsengel -Uliastai' to be implemented with the soft loan of Chinese government. 

The sides backed proposals on expanding agricultural cooperation and agreed to collaborate in increasing Mongolia’s export of meat and meat products to China.