MONGOLIA-CHINA INTERGOVERNMENTAL COMMISSION CONVENED

Ulaanbaatar /MONTSAME/. The 17th meeting of the Intergovernmental Commission between Mongolia and China on Trade, Economic, Scientific, and Technological Cooperation was held on October 27.

The meeting was co-chaired by Minister of Economy and Development Ch. Khurelbaatar and Chinese Minister of Commerce Wang Wentao and participated by representatives of relevant ministries and organizations.

During the meeting, the two parties discussed the implementation of the protocol of the 16th meeting of the Commission, the achievements in bilateral trade, economy, and cooperation between the two countries, and the performance of the essential matters agreed upon at a high-level visit. They exchanged opinions on the main goals, actions and priority areas of cooperation for the next two years.

The countries expressed their satisfaction with the development of the comprehensive strategic partnership between Mongolia and China, the frequency of high-level mutual visits, the increase of mutual understanding, and the continuous development of cooperation even in the midst of the pandemic.

As part of the goal of developing trade and economic cooperation between the two countries, they exchanged views on implementing Mongolia's "Vision 2050" long-term development policy and "New Revival Policy" in coordination with China's "Global Development Initiative" and "Belt and Road" initiatives, intensifying the operations of border checkpoints, advancing the realization of energy and infrastructure development projects and programs, and deepening cooperation in the agriculture sector.

At the meeting, the parties finalized the "Medium-term program for the development of trade and economic cooperation between Mongolia and China."

The discussion was held in the context of promoting trade and transit transportation between the two countries, deepening railway cooperation, intensifying the construction work of the Gashuunsukhait-Gantsmod railway port, renewing the "Mongolia-China border railway agreement," and connecting the Khangi-Mandal port by railroad.

It was also agreed to intensify the implementation of large-scale projects financed with non-refundable aid and soft loans provided by the Chinese side. The Ministry of Foreign Affairs informed that according to the results of the 17th session of the Intergovernmental Commission between Mongolia and China on Trade, Economic, Scientific and Technological Cooperation, the two sides signed a protocol.

Source: https://montsame.mn/en/read/306944