Ch.Ulaan: Special attention to be paid on developing specialized export consulting serviceEconomy
Ulaanbaatar /MONTSAME/ To develop food, agriculture and light industry sectors which are important part of Government's three-pillar development policy, ‘Mongol Export’ program will be implemented at stages, underlined Minister Ch.Ulaan in his opening speech at Export Mongolia-2019, the First International Business Forum kicked off today at Corporate Convention Center.
“By implementing the program favorable conditions will be created for investment and manufacturing of non-mining export products. We are working towards it. We also expect that the contribution of agricultural processing industry will be augmented to the total export of Mongolia with increased export income of the sector through increasing types of value added export products and raising competitiveness of goods. Mongolia’s total foreign trade turnover reached USD 12.9 billion last year, of which USD 7 billion was export and USD 5.9 billion was import. Among them, export of ready-made garment and textile products has been upped by 21.7 percent from the previous year, animal-origin products by 6.8 percent and food products by 5.5 percent respectively and it indicates possibilities of increasing export of value added products."
Then the Minister said that the Parliament adopted SME law and the Government defined SME development program, policy and priorities while the MFALI approved a regulation on selecting projects to be provided with long term, soft loans from the SME Development Fund. "Various regulations and coordination were reflected in these policy papers in directions of export promotion. Further, we will pay special attention on supporting small and medium enterprises through non-financial ways, developing specialized export consulting service and creating export-oriented products and services.
The Export Mongolia 2019 Forum is being held under the motto ‘One policy, One window and One prosperity’ targeting to implement programs adopted by the Government, attract foreign investors, expand foreign relations and cooperation in export as well as promote export-oriented products and service at global market.
Being co-organized by government and non-government organizations such as the MFALI, SME Development Fund, the Ministry of Foreign Affairs, the National Development Agency, the Council on Mongolian National Brand and Export International Trading Center, the first business forum is running for two days and more than 350 private enterprises and over 1000 delegation of foreign and domestic entities are taking part.