MONGOLIA

Leaders of the Mongolian National Chamber of Commerce and Industry met today (July 27) with the chairman of the Chamber of Commerce of the Ningxia Autonomous Region of People’s Republic of China, Mr He Zhengrong, and representatives of meat factories and companies of China.

The sides considered issues on establishing trade representatives and commercial points and providing discounts for imports and exports. The Chinese Ningxia agreed to cooperate with Mongolia’s 5 western provinces on meat trade, confirming with Memorandums of Understanding thereon established with Khuvsgul and Bayankhongor provinces.

In accordance with the MoUs, Chinese region and Mongolian provinces pledged to support the “Silk Road Economic Belt” Initiative of China and to coordinate it with the “Steppe Road” initiative of Mongolia. Ningxia is to make investments and cooperate with Khuvsgul and Bayankhongor in the mining, land farming, animal farming and reproduction, refrigerated transport and tourism. The two sides have opened opportunities to exchange high-level visits and business events, and for Mongolia to join the China-Arab trade fair, which takes place in Ningxia.

Source:http://en.montsame.mn/economics/mongolia’s-5-western-provinces-export-meat-china’s-ningxia