Ulaanbaatar
Chief of Staff to President meets U.S. business delegation
Politics
Ulaanbaatar
/MONTSAME/ On October 29, Chief of Staff to the President of Mongolia Z.Enkhbold met with Alan
Turley, Deputy Assistant Secretary of Commerce for China and Mongolia, International
Trade Administration, U.S. Department of Commerce.
At the beginning of the meeting, Mr. Alan Turley noted that his visit is an effort for realization of talks between the presidents of Mongolia and the United States about constantly working together to expand bilateral trade and investment cooperation held during Mongolian President Kh.Battulga’s visit to USA in July, 2019. He also voiced his view that it is completely possible to deepen business partnerships in Mongolia’s potential sectors such as agriculture, information technology, and tourism.
The U.S.
Deputy Assistant Secretary is
accompanied by business representatives in his third working visit to Mongolia.
Representatives of the Dow Chemical Company, Wabtec Corporation, and Wagner
Asia equipment LLC introduced their operations and shared their views on opportunities
for cooperation with Mongolia.
Underlining
that Mongolia has abundant resources of cashmere and rare earth elements and other
raw materials, Chief of Staff to the President Z.Enkhbold called for the U.S.
side to conduct businesses in these sectors. He also said the approval of the Mongolia
Third Neighbor Trade Act will bring positive impacts on Mongolia’s economy and enable the country to satisfy 50 percent of the global cashmere demand by itself.
Mr. Z.Enkhbold
then emphasized that Mongolia has the resources to supply energy to Northeast
Asian countries at reasonable prices and the country has been working
innovatively at regional level, inviting major U.S. companies such as the General
Electric Company to build their plants in Mongolia and cooperate.
Deputy
Assistant Secretary Alan Turley highlighted that U.S. companies seek to engage
in long-term, stable operation in Mongolia and the two sides have to maintain constant
cooperation for this.
