Events
| Name | organizer | Where |
|---|---|---|
| MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK | MBCCI | London UK Goodman LLC |
NEWS
PM: Only an Orderly State Can Deliver Economic Growth to Citizens www.montsame.mn
A joint meeting of government members, chairpersons of aimags, Citizens' Representatives Khural of the Capital City, and governors was held at the State Palace to present the government’s 2026 policies and objectives, aiming to ensure a unified direction and common understanding with local authorities.
Local leaders are those who translate government policy into practice and deliver it to citizens. Therefore, Prime Minister Zandanshatar Gombojav gave a detailed presentation on the government’s policies and reforms in his report titled “One Mongolia - One Direction: Order and Reform Movement.” The prime minister said that when the government was formed six months ago, it faced numerous urgent national challenges: state capacity had weakened, public trust in government had declined, economic growth had fallen by half to 2.6 percent, foreign exchange reserves had dropped sharply, the US dollar exchange rate had risen steeply, inflation had exceeded 15 percent, and there was a real risk of a budget revenue shortfall of MNT 3.3 trillion. Theft and fraud had emerged in companies owned by the people. He said this was a time when order in the state and a reform movement were urgently needed, as he noted ahead of his “One Mongolia - One Direction: Order and Reform Movement” report.
An emergency regime was imposed at “Erdenes Tavan Tolgoi” JSC for three months starting in July, increasing coal production and sales by 1.6 times. As a result, the country’s foreign exchange reserves increased by USD 2 billion in just three to four months, helping revive the economy. Once fiscal discipline, order, and foreign trade policy began moving in the right direction, tangible results started to appear. The revived economy now needs to be steered correctly going forward. To this end, the government has put forward policy goals to build new public confidence and implement radical governance reform. The State Great Khural has approved the five-year basic development directions for 2026–2030.
The eight main directions to comprehensively reform the country are:
Human development reform
Economic structure reform
Values and social development reform
Environment and green development reform
Governance and digital development reform
National competitiveness reform
Regional development reform
Science, technology, and artificial intelligence reform.
The government has also approved and begun implementing, from the start of the year, the “300-Day Action Plan” aimed at delivering economic growth to citizens. During these 300 days, local authorities must work proactively to ensure that economic growth reaches citizens, practically launch the accumulation and expenditure of the National Wealth Fund, and turn fair distribution of wealth into concrete action. Only if the state itself becomes orderly and disciplined, he said, can this opportunity turn into real development.
In his report, the PM also detailed the 2025 performance, 2026 targets, and five-year policy objectives, and said, “For the economy to grow, it is not enough for business alone to be free. The state itself must be orderly, frugal, responsible, and under oversight. Therefore, the next major package of the plan is reform to put the state in order from within.” Within this framework, more than 1,000 regulations and rules that are unlawful and that create bureaucracy and delays will be abolished, he said.
The Prime Minister advised aimag and local leaders to work closer to real life and to citizens and stressed that they must play a major role in implementing government policy. He also expressed his position on several issues repeatedly raised by local leaders.
He instructed sector ministers to amend laws that have created excessive centralization of authority, to grant local governments the right to manage budget savings, and to devolve powers by transferring to local levels agencies whose issues do not need to be decided in Ulaanbaatar. The practice of the Ministry of Finance withholding excess tax revenues and affecting the fiscal autonomy of local budgets must be stopped. He said work will continue to establish a legal framework that guarantees local financial authority.
He said the issue of merging the Soum Development Fund into the Cooperative Development Fund, which blocked opportunities for small and medium-sized enterprises to receive concessional loans, will be studied and relevant regulations amended. Although amendments to the Law on Land were mandated after the government was formed to resolve the allocation of ownership and possession of land for soum and residents, as well as herders’ winter and spring camps, the issue remains unresolved to date. He therefore warned that this matter must be resolved urgently.
After his report, the Prime Minister said, “2026 will be a year of new confidence, radical reform, and real change. More responsibility and more tangible results are demanded of us. The government will work to increase and grow national wealth and to prove the goal of ‘Mongolians, masters of their wealth’ not with words but with deeds, not with promises but with results.”
The meeting provides unified guidance for ministries, aimags, and Citizens' Representatives Khural of the Capital City and Governors on implementing the Government of Mongolia’s 2024–2028 Action Program, the Basic Development Directions of Mongolia for 2026–2030, the Annual Development Plan, and the 2026 Budget Law, and government members will sign performance agreements with aimag and Capital City Governors.
Japan Grant to Support Power Grid Reliability www.montsame.mn
The Project for the Provision of Equipment to Support the Reliability of the Power Grid will be implemented with a non-refundable grant of JPY 500 million (approximately USD 3.14 million) provided by the Government of Japan.
Under the project, critically needed equipment to ensure the reliability of power grid infrastructure will be supplied to the National Power Transmission Grid SOE and the National Dispatching Center SOE. Specifically, the equipment will include a mobile transformer testing vehicle and a fully digital real-time power system simulator, among other essential equipment. The project will be implemented through the Japan International Cooperation Agency (JICA).
To formalize the project, Deputy Minister of Finance Khulan Bat-Erdene signed the Exchange of Notes with Ambassador of Japan to Mongolia Igawahara Masaru, and the Grant Agreement with Chief Representative of the JICA Mongolia Office Miyagi Kensuke.
Deputy Minister Khulan emphasized that the implementation of the project will contribute to the stabilization of Mongolia’s power supply, strengthening the sustainable operation and maintenance capacity of the power grid infrastructure, and enhancing national energy security.
Ambassador Igawahara stated, “This project will help address equipment-related issues of previously implemented projects. It will also contribute to ensuring the stability of Mongolia’s power grid infrastructure, strengthening maintenance capacity, and ultimately creating a foundation for introducing renewable energy and advancing the energy transition.”
Currently, Mongolia produces about 80 percent of its electricity domestically and imports around 20 percent to meet demand.
Mongolia to Deepen Cooperation with China in the Field of Responsible Mineral Extraction www.open.kg
Mongolia and China reached an agreement to prepare and sign a Cooperation Agreement in the field of geology. This became possible thanks to a Memorandum of Understanding signed in September 2025 during the "Mining Industry Week" in Mongolia. The main goal of the agreement is to jointly conduct geological and geochemical studies in border areas, as well as to organize expert exchanges and training, which will contribute to the establishment of a geopark in Mongolia, taking into account China's experience.
It is planned that within the framework of joint research, two pilot projects will begin with the Chinese Geological Survey, which are scheduled to launch in 2026 in the western and southeastern parts of Mongolia.
In addition, Wuhan University (China) and the National University of Mongolia agreed to launch a "2+2" educational program to enhance the qualifications of specialists in the geological sector.
The parties are also ready to exchange experiences in areas such as mine closure, land reclamation, and rational use of mineral resources, including the development of a unified methodology and standards.
Furthermore, to combat illegal gold and fluorite mining, which harms the environment and undermines public trust, Minister Guan Zhiou proposed to establish cooperation between the authorities of both countries to identify and punish offenders.
Building on China's successful experience in advanced mineral enrichment and processing technologies, Minister Damdinyam proposed creating a joint laboratory for testing low-grade ores (Au, Cu, Li, W, Zn, Fe, CaF₂, Pb, Sn). He also highlighted exploration and investment in the oil and gas sector as priority areas for cooperation.
Spring Airlines Plans Direct Shanghai–Ulaanbaatar Flights www.montsame.mn
Shanghai-based Chinese carrier “Spring Airlines”, one of the country’s major airlines, plans to operate direct flights on the Shanghai–Ulaanbaatar–Shanghai route starting in 2026.
In this regard, the airline met with Deputy Minister of the Ministry of Culture, Sports, and Tourism Dashnyam Ganzorig to present its preparations and operations and proposed cooperation. Direct flights between Shanghai and Ulaanbaatar are expected to increase the number of tourists traveling to Mongolia from China and other countries.
Currently, the company operates 50 routes to 12 countries worldwide with a fleet of 134 aircraft. In addition to flights, it also offers tour operator services, making it a distinctive player in tourism.
Driving financial inclusion in Mongolia: investment in InvesCore www.triodos-im.com
Triodos Investment Management has extended a USD 5 million debt facility to InvesCore NBFI JSC (InvesCore). This investment supports the growth of Mongolia’s largest Non-Bank Financial Institution, a key lender to local micro, small and medium-sized enterprises. It also reinforces InvesCore’s strong commitment to sustainable finance principles and the green transition.
Founded in 2016, InvesCore has experienced rapid growth and now operates, serving over 54,000 clients, of whom 51% are women. The company is a market leader in micro and SME finance, with a portfolio spanning sectors such as services, transportation, trade and construction.
Another financial inclusion investment
InvesCore is at the forefront of digital innovation, employing fully automated credit procedures and AI-driven credit scoring to deliver faster, smarter financial services. Its user-friendly digital platforms, including e-wallets and online lending applications, further streamline client interactions.
Sustainability and responsible finance
InvesCore stands out in the Mongolian financial sector for its commitment to sustainability and responsible finance. The financial institution offers green loan products at preferential rates, supporting investments in environmentally friendly business practices, electric vehicles and energy-saving technologies. These initiatives are complemented by transparent online product information and a dedicated financial literacy database empowering their clients to make informed financial decisions.
Training programmes for SMEs and women entrepreneurs reflect InvesCore’s dedication to inclusive growth. The company integrates ESG principles throughout its operations, from responsible consumption at its headquarters to rigorous ESG risk assessments within its lending process.
International expansion
Beyond domestic growth, InvesCore is laying the groundwork for an international microfinance network, with subsidiaries active across Central Asia: Kazakhstan, Kyrgyzstan and Uzbekistan. The ambition is to replicate its proven financial services model, adapting to local contexts while leveraging cross-border expertise.
Finance by Triodos Investment Management
The USD 5 million senior debt facility is being provided through Triodos Microfinance Fund and Triodos Fair Share Fund.
‘Erdenes Tavantolgoi’ JSC Sets All-Time Daily Record for Coal Exports www.montsame.mn
“Erdenes Tavantolgoi” JSC set an all-time daily record for coal exports on January 13, 2026, exporting 200,441 tonnes of exchange-traded and long-term contract coal in 1,475 trips, up by 11,236 tonnes from the previous record.
Of the total, 168,712 tonnes were exported in 1,241 trips via the Gashuun Sukhait Port, while 31,729 tonnes were shipped in 234 trips via the Khangi Port.
In addition, exchange-traded coal exports reached 106,879 tons in 787 vehicles, an increase of 5,450 tonnes from the previous figure, marking the highest daily volume since exchange-based coal transportation began in 2023.
South Korea Joins China, Japan, Germany, Russia And Kazakhstan In Accelerating Mongolia Tourism Boom With Record-Breaking Visitor Spend, Strong Winter Demand And Rising Four-Season Travel Appeal www.travelandtourworld.com
South Korea is joining China, Japan, Germany, Russia, and Kazakhstan in accelerating Mongolia’s tourism boom because winter travel is no longer a slow season for the country. With more than Twenty-One Thousand international visitors arriving in January 2026 alone, Mongolia is seeing the early impact of its four-season tourism strategy, driven by winter festivals, cultural experiences, and nature-based tours that are attracting higher-spending travelers. The strong start to the year, combined with rising interest from key Asian and European markets, signals a shift away from summer-only tourism toward a more stable and resilient year-round travel economy.
Mongolia has entered 2026 with a quiet but telling signal: winter is no longer the off-season. In January alone, the country welcomed Twenty-One Thousand Sixty-Six international tourists, a figure that points to steady momentum at a time once considered dormant for travel. More importantly, it reflects how Mongolia’s long-term push to become a four-season destination is beginning to pay off.
After a summer-heavy tourism cycle in 2025, the early numbers of 2026 show a shift in travel behavior. Winter festivals, cultural showcases, and nature-based experiences are drawing visitors from across Asia and Europe. South Korea has emerged as a key driver of this trend, joining China, Japan, Germany, Russia, and Kazakhstan in shaping a new chapter for Mongolia’s tourism economy.
A Strong Start to 2026 Signals Change
January tourism figures are rarely headline-grabbing for Mongolia, where harsh winters once discouraged all but the most adventurous travelers. This year is different. Crossing the Twenty-Thousand-Visitor mark in the first month suggests stability rather than a seasonal dip. It also hints at rising visitor spending, as winter tourists tend to stay longer and invest more in curated experiences.
Tourism officials view the January data as proof that targeted winter initiatives are working. Events celebrating nomadic heritage, ice and snow festivals, and guided nature tours across frozen landscapes are reshaping perceptions of Mongolia as more than a summer destination.
South Korea’s Growing Influence on Mongolia Travel
Among all inbound markets, South Korea stands out for its consistent growth and spending potential. Korean travelers are increasingly drawn to Mongolia’s wide-open landscapes, wellness retreats, and immersive cultural journeys. Winter travel, in particular, appeals to visitors seeking experiences far removed from urban routines.
Direct air links, streamlined travel planning, and strong social media exposure have helped Mongolia gain visibility in South Korea. Travel operators report growing interest in winter packages that blend culture, cuisine, and nature, positioning Korean visitors as one of the most influential segments in Mongolia’s evolving tourism mix.
Winter Tourism Moves from Experiment to Strategy
What was once an experiment has become a clear strategy. Mongolia’s winter tourism push focuses on depth rather than volume. Smaller groups, premium tours, and event-driven travel are encouraging higher visitor spending while reducing pressure on peak summer months.
Winter festivals highlight traditional music, horsemanship, and nomadic customs. Cultural events in Ulaanbaatar and regional centers offer visitors insight into everyday life during the colder months. Nature tours showcase frozen lakes, snow-covered steppes, and star-filled skies, turning winter itself into the main attraction.
This approach aligns with Mongolia’s broader goal of sustainable tourism growth, balancing economic benefits with cultural preservation.
Immigration and Visa Access Support Tourism Growth
Behind the scenes, policy support has played a crucial role. In 2025, Mongolia’s Immigration Agency issued visas to One Hundred Twenty-Four Thousand foreign nationals, reflecting rising international interest and smoother entry processes.
Easier visa access, combined with targeted promotions, has made Mongolia more approachable for travelers considering winter trips. Authorities see visa facilitation as a key lever for maintaining momentum beyond peak seasons.
Key Source Markets Driving Mongolia’s Tourism Boom
The diversity of Mongolia’s inbound markets is one of its strongest assets. Each country contributes a distinct travel profile, helping stabilize arrivals year-round.
South Korea – High-spending travelers drawn to winter festivals, wellness travel, and cultural immersion
China – Large volume market with strong interest in short-haul cultural and shopping trips
Japan – Experience-focused visitors seeking heritage, nature, and quiet exploration
Germany – Long-haul travelers interested in sustainable tourism and nature-based journeys
Russia – Consistent arrivals supported by proximity and cultural familiarity
Kazakhstan – Regional travelers exploring Mongolia’s landscapes and nomadic traditions
Together, these markets are shaping a more balanced tourism profile that reduces reliance on any single season or source country.
From Summer Peaks to Year-Round Stability
In 2025, Mongolia’s tourism success was concentrated in the summer months, when festivals, open landscapes, and milder weather attracted large crowds. While summer remains important, reliance on a single season exposes the industry to volatility.
The early 2026 numbers suggest Mongolia is moving toward year-round stability. Winter arrivals may not yet rival summer peaks, but their economic impact is significant. Fewer tourists, higher spending, and longer stays translate into stronger returns for local communities.
Hotels, tour operators, and guides are adapting quickly, developing winter-ready infrastructure and services tailored to international expectations.
Cultural Identity at the Center of Growth
Unlike destinations chasing volume at all costs, Mongolia’s tourism narrative remains deeply rooted in identity. Nomadic traditions, local craftsmanship, and seasonal lifestyles are central to the visitor experience.
Winter tourism, in particular, offers a more authentic view of daily life. Visitors experience how communities adapt to extreme climates, care for livestock, and maintain cultural practices during the coldest months. This authenticity resonates strongly with travelers from markets like Germany, Japan, and South Korea, where experiential travel is increasingly valued.
Economic Impact Beyond Visitor Numbers
Tourism growth is not just about arrival figures. Winter travel helps spread income across the year, supporting jobs that were once seasonal. Drivers, guides, artisans, and hospitality workers benefit from steadier demand, reducing the boom-and-bust cycle of summer-only tourism.
Record-breaking visitor spending, driven by premium winter experiences, is also helping Mongolia move up the value chain. Rather than competing on price, the country is positioning itself as a destination for meaningful, high-quality travel.
Mongolia’s Four-Season Vision Takes Shape
The message from early 2026 is clear: Mongolia’s four-season tourism vision is no longer theoretical. With South Korea joining China, Japan, Germany, Russia, and Kazakhstan as key growth drivers, the country is building a resilient tourism model grounded in culture, nature, and thoughtful development.
South Korea is joining China, Japan, Germany, Russia, and Kazakhstan in accelerating Mongolia’s tourism boom as winter travel gains momentum and delivers strong early visitor numbers in 2026. With more than Twenty-One Thousand tourists arriving in January alone, winter festivals, cultural events, and nature tours are reshaping Mongolia into a year-round, high-spending destination.
If the current trajectory holds, Mongolia may soon be recognized not just for its vast summer landscapes, but for its ability to turn the coldest months into a compelling global travel experience—one that delivers economic value while preserving the soul of the steppe.
US Pauses Immigrant Visa Processing for 75 Countries, 13 in Asia-Pacific www.thediplomat.com
The Asian countries apparently impacted include Afghanistan, Bangladesh, Bhutan, Cambodia, Kazakhstan, Kyrgyzstan, Laos, Mongolia, Myanmar, Nepal, Pakistan, Thailand, and Uzbekistan.
The U.S. State Department has reportedly frozen the processing of immigrant visas for citizens of 75 countries, including more than a dozen in Asia, deemed likely to “take welfare and public benefits.”
The Trump administration’s crackdown on immigration has intensified in recent months, with the expansion of partial and full bans on the issuance of non-immigrant visas – for business, tourism, and study – and immigrant visas, too. While the administration’s immigration restrictions fall disproportionately on African states, a number of Asian states have also been targeted.
First reported by Fox, a recent State Department memo “directs consular officers to refuse visas under existing law while the department reassesses screening and vetting procedures.” CNN reported that the pause will go into effect on January 21; it’s unclear how long it will last.
Current reporting also does not specify which types of immigrant visas will be affected, although the new policy is likely to apply to all categories.
“The State Department will use its long-standing authority to deem ineligible potential immigrants who would become a public charge on the United States and exploit the generosity of the American people,” State Department spokesperson Tommy Piggott said in a statement shared with the media.
“Immigration from these 75 countries will be paused while the State Department reassess immigration processing procedures to prevent the entry of foreign nationals who would take welfare and public benefits.”
The countries covered by the order include 13 in The Diplomat’s coverage region: Afghanistan, Bangladesh, Bhutan, Cambodia, Kazakhstan, Kyrgyzstan, Laos, Mongolia, Myanmar, Nepal, Pakistan, Thailand, and Uzbekistan.
Some of the countries included in this apparent new immigrant visa ban have been subject to partial or full bans on the issuance of nonimmigrant visas, too, including Afghanistan, Laos, and Myanmar. Others – Bangladesh, Bhutan, Kyrgyzstan, and Nepal – were recently included in a planned expansion of the visa bond program, under which prospective recipients of nonimmigrant visas, those for tourism or business, will have to pay up to $15,000 to secure their visa.
Curiously, the list of Asian countries under the apparent new immigrant visa ban includes Central Asia’s two wealthiest states – Kazakhstan and Uzbekistan – but not its poorest, Tajikistan.
How the State Department determined the list is not clear from currently available information and statements.
In November, after an Afghan national shot two National Guard members, killing one, near the White House in Washington, D.C., U.S. President Donald Trump pledged to “permanently pause” migration from all “Third World Countries.”
The State Department, as reported by the Associated Press, issued guidance in a cable to embassy and consular officials to “comprehensively and thoroughly vet visa applicants to demonstrate that they will not need to rely on public benefits from the government any time after their admission in the U.S.” The cable focused on what’s known as the “public charge” provision in existing immigration law and reportedly instructed consular officers to deny visas to those deemed likely to rely on public benefits.
By Catherine Putz
Catherine Putz is managing editor of The Diplomat.
Mongolia Welcomes More than Twenty One Thousand Tourists in January 2026, Highlighting its Strong Winter Tourism Growth and Establishing Itself as a Four-Season Destination www.travelandtourworld.com
In January 2026, the total number of tourists that Mongolia has received is 21,066, indicating a steady flow of tourists and increasing winter tourism interest in the country. From the total number of tourists, it is evident that the tourism industry in Mongolia is developing steadily, with winter tourism projects gaining acceptance at a promising rate.
Russia has accounted for the largest number of tourists in the Mongolian region, followed by China, South Korea, Germany, Japan, and Kazakhstan. This shows that the region has strong connectivity and that it is of great appeal to tourists from different parts of the world. Also, the fact that the region receives steady tourists in the winter season shows that the Mongolian initiative to promote its winter activities has had the desired success.
Winter Tourism: A Growing Trend for Mongolia
In previous years, Mongolia’s peak tourism season traditionally occurred during the summer months, but the strong January numbers indicate that winter tourism is becoming an increasingly significant part of the country’s tourism calendar. Mongolia’s appeal is shifting toward a four-season destination, where travelers can enjoy the country’s natural beauty, rich culture, and outdoor adventures year-round.
Winter festivals and cultural events have become essential in attracting tourists during the colder months. Events like the Naadam Winter Festival and Ice Festival not only highlight Mongolia’s unique traditions but also celebrate the country’s stunning winter landscapes, making it an attractive option for tourists looking for adventure and cultural experiences beyond the traditional summer months.
Winter Nature Tours: Mongolia’s Unique Offering
A significant driver of winter tourism in Mongolia is its nature tourism offerings, which have gained popularity among travelers seeking unique experiences in snow-covered landscapes. Nature tours, such as dog sledding, snow trekking, and visits to hot springs, are becoming key components of Mongolia’s winter tourism package. The country’s vast wilderness, which includes snow-capped mountains, deserts, and frozen rivers, offers adventurous activities that appeal to tourists seeking a more tranquil, yet exhilarating, experience in nature.
The promotion of winter tours allows Mongolia to stand out in the international market, positioning itself as a premium destination for winter tourism in Asia and beyond. This also helps to diversify Mongolia’s tourism offerings, ensuring the industry remains stable and sustainable throughout the entire year.
Mongolia’s Four-Season Tourism Vision
Mongolia’s efforts to become a four-season tourism destination are paying off. As more travelers visit in the winter months, the country is poised to capitalize on the growing trend of nocturnal tourism and winter adventure travel. The rise of winter tourism is not just about attracting visitors during the traditionally slower months; it’s about creating a comprehensive tourism experience that offers something for every season.
Mongolia’s winter tourism growth is setting the stage for the country to see more year-round visitors, contributing to the economic development of local communities and the broader tourism sector. The success of these initiatives underscores the global shift toward experiential travel and seasonal diversity, positioning Mongolia as an exciting destination in the global tourism market.
Future Growth and Sustainability in Tourism
Looking ahead, Mongolia’s tourism sector is on track to continue its growth, driven by the promotion of winter tourism and the development of diverse tourism products. By focusing on sustainability and eco-friendly tourism practices, the country aims to ensure that its tourism sector remains robust and environmentally conscious. Mongolia’s tourism agencies are also working closely with international partners to enhance marketing efforts and tourism infrastructure, ensuring that the country remains a competitive player on the global tourism map.
Winter Tourism Helping Shape Mongolia’s Future
Despite having already reached a tourist presence of over 21,000 in the month of January 2026, the country is surely moving in the right direction to emerge as a four-season destination. This is in light of the success that the winter tourist programs have witnessed, including events such as festivals, as well as nature tours. This means that the tourism sector in the country is set to experience profound success.
Not only does this growth in winter tourist numbers prove the resilience of the Mongolian tourist industry, but it also presents future opportunities for its expansion in a world market where more challenging competition currently awaits.
Mongolia, China Reaffirm Commitment to Raise Trade Turnover to USD 20 Billion www.montsame.mn
Prime Minister Zandanshatar Gombojav received Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China to Mongolia Shen Minjuan on January 13, 2026.
At the outset of the meeting, Prime Minister Zandanshatar expressed his appreciation to Li Qiang, Premier of the State Council of the People’s Republic of China, for extending New Year greetings. He noted with satisfaction that Mongolia and China, as eternal neighbors connected by mountains and rivers, regard the development of friendly relations and cooperation as a priority of their respective foreign policies, and that bilateral cooperation is being advanced beneficially on the basis of mutual respect for independence, sovereignty, territorial integrity, the development paths chosen by each side, and their fundamental interests.
The Prime Minister underscored that during his meeting with Premier Li Qiang in Moscow in November 2025, the two sides agreed to coordinate China’s 15th Five-Year Plan for socio-economic development with Mongolia’s five-year development plan in order to elevate long-term sustainable development, economic growth, and regional cooperation to a new level.
He emphasized that intergovernmental projects and programs being implemented between the two countries are of significant importance in bringing tangible benefits to the socio-economic development of both countries and their peoples. The Prime Minister reaffirmed Mongolia’s commitment to working closely with the Chinese side to achieve the Heads of State- agreed goal of increasing bilateral trade turnover to USD 20 billion in 2026. The two sides also expressed readiness to actively cooperate in facilitating transit transportation necessary to deliver Mongolian goods to third-country markets.
Ambassador Shen Minjuan noted that maintaining stable bilateral trade turnover amid challenging global trade and economic conditions demonstrates the broader potential for further expanding economic cooperation between the two countries. She also expressed her commitment to contributing to mutually beneficial cooperation between Mongolia and China.
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