Ulaanbaatar
Speaker G.Zandanshatar meets U.S. delegates
Politics
Ulaanbaatar/MONTSAME/. On
October 28, G.Zandanshatar, Speaker of Mongolian Parliament, received delegates
led by Alan Turley, the Deputy Assistant Secretary of Commerce for China and
Mongolia in the U.S. Department of Commerce’s International Trade
Administration.
At the meeting, Mr. Alan
Turley briefed about works to expand bilateral trade and commercial cooperation.
Mr.Alan Turley emphasized that he is together with representatives of U.S.
trade and business investors with a purpose to intensify bilateral cooperation
in trade, investment and industrial sectors.
Speaker G.Zandanshatar said,
“The U.S. is our ‘third neighbor’ with important strategic partnership and a
close partner of democracy, human rights, politics and economy. We focus on developing high-level trade and
investment cooperation with the U.S which leads the world with its
technology production and is a key player in trade and abundant resource of
foreign investment. Moreover, the most appropriate and closest way that links the
Asia and Europe passes through Mongolian territory. China-Russia and
Asia-Europe trades are increasing greatly. We have a historical tradition of ‘Silk
Road,’ which was a bridge to link the Asia to Europe. Political and social
sectors’ relations of the two countries are rapidly developing. Although economic
cooperation has not reached this level and there is a potential to expand further.”
Mongolia has vast potential in agriculture, wool and cashmere, textiles and mining sectors. In recent years, there have been advancements in renewable energy sector with solar and wind resource, which opens a new cooperation opportunity for investors, said the Speaker.
During the meeting, the
sides exchanged views on building favorable legal environment to attract
investors, conditions to be caused by Mongolia’s inclusion in FATF’s ‘grey list’
as well as possibilities to develop mutually beneficial cooperation in economy,
investment, banking and trade sectors.
