1 GOLD AND COPPER PRICES SURGE WWW.UBPOST.MN PUBLISHED:2025/04/02      2 REGISTRATION FOR THE ULAANBAATAR MARATHON 2025 IS NOW OPEN WWW.MONTSAME.MN PUBLISHED:2025/04/02      3 WHY DONALD TRUMP SHOULD MEET KIM JONG- UN AGAIN – IN MONGOLIA WWW.LOWYINSTITUTE.ORG  PUBLISHED:2025/04/02      4 BANK OF MONGOLIA PURCHASES 281.8 KILOGRAMS OF PRECIOUS METALS IN MARCH WWW.MONTSAME.MN PUBLISHED:2025/04/02      5 P. NARANBAYAR: 88,000 MORE CHILDREN WILL NEED SCHOOLS AND KINDERGARTENS BY 2030 WWW.GOGO.MN PUBLISHED:2025/04/02      6 B. JAVKHLAN: MONGOLIA'S FOREIGN EXCHANGE RESERVES REACH USD 5 BILLION WWW.GOGO.MN PUBLISHED:2025/04/02      7 185 CASES OF MEASLES REGISTERED IN MONGOLIA WWW.AKIPRESS.COM PUBLISHED:2025/04/02      8 MONGOLIAN JUDGE ELECTED PRESIDENT OF THE APPEALS CHAMBER OF THE ICC WWW.MONTSAME.MN PUBLISHED:2025/04/01      9 HIGH-PERFORMANCE SUPERCOMPUTING CENTER TO BE ESTABLISHED IN PHASES WWW.MONTSAME.MN PUBLISHED:2025/04/01      10 LEGAL INCONSISTENCIES DISRUPT COAL TRADING ON EXCHANGE WWW.UBPOST.MN PUBLISHED:2025/04/01      УСТСАНД ТООЦОГДОЖ БАЙСАН УЛААНБУРХАН ӨВЧИН ЯАГААД ЭРГЭН ТАРХАХ БОЛОВ? WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     САНГИЙН ЯАМ: ДОТООД ҮНЭТ ЦААСНЫ АРИЛЖАА IV/16-НААС МХБ-ЭЭР НЭЭЛТТЭЙ ЯВАГДАНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     МОНГОЛБАНКНЫ ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВАЛТ ӨМНӨХ САРААС 56 ХУВИАР, ӨМНӨХ ОНЫ МӨН ҮЕЭС 35.1 ХУВИАР БУУРАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     Б.ЖАВХЛАН: ГАДААД ВАЛЮТЫН НӨӨЦ ТАВАН ТЭРБУМ ДОЛЛАРТ ХҮРСЭН WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     1072 ХУВЬЦААНЫ НОГДОЛ АШИГ 93 500 ТӨГРӨГИЙГ ЭНЭ САРД ОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/02     Н.УЧРАЛ: Х.БАТТУЛГА ТАНД АСУУДЛАА ШИЙДЭХ 7 ХОНОГИЙН ХУГАЦАА ӨГЧ БАЙНА WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/02     “XANADU MINES” КОМПАНИ "ХАРМАГТАЙ" ТӨСЛИЙН ҮЙЛ АЖИЛЛАГААНЫ УДИРДЛАГЫГ “ZIJIN MINING”-Д ШИЛЖҮҮЛЭЭД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ТӨМӨР ЗАМЫН БАРИЛГЫН АЖЛЫГ ЭНЭ САРЫН СҮҮЛЭЭР ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/02     “STEPPE GOLD”-ИЙН ХУВЬЦААНЫ ХАНШ 4 ХУВИАР ӨСЛӨӨ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2025/04/02     ҮЙЛДВЭРЛЭЛИЙН ОСОЛ ӨНГӨРСӨН ОНД ХОЁР ДАХИН НЭМЭГДЖЭЭ WWW.GOGO.MN НИЙТЭЛСЭН:2025/04/01    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

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China second globally in terms of nuclear power units in operation or under construction www.xinhuanet.com

China has the second largest number of nuclear power units in operation or under construction in the world, according to the China Nuclear Energy Association.
The Chinese mainland has 55 nuclear power units in operation with a combined installed capacity of 57 GW, and 24 units under construction with a total installed capacity of 27.8 GW, Wang Binghua, an official with the association, told a meeting in Shenzhen, south China's Guangdong Province, earlier this week.
The Chinese mainland has approved 21 new nuclear power units since 2021, said Wang, adding that six to eight nuclear power units are expected to be greenlighted annually within the forseeable future.
Nuclear power is expected to contribute about 10 percent of the power generation in the Chinese mainland by 2035 and the proportion is expected to rise to 18 percent by 2060, with a total generation capacity of 400 GW, as the country strives to meet its carbon neutrality goal, Wang said.
 
 
 
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China's Inner Mongolia to Issue Special Refinancing Bonds to Ease Debt Pressures www.morningstar.com

China's Inner Mongolia Autonomous Region said Wednesday that it would issue special government bonds to ease debt pressures, as Beijing seeks to contain financial risks from mounting local government debt.
The region in northern China plans to issue special refinancing bonds worth 66.32 billion yuan ($9.07 billion) to pay back government debt owed to companies that were issued before 2018, according to government fillings.
The Wall Street Journal reported in June that Beijing was considering issuing roughly 1 trillion yuan, equivalent to about $140 billion, of special treasury bonds to help indebted local governments, citing people familiar with the discussions. The special bonds would be used to finance infrastructure projects and help local governments repay debt, the Journal reported.
Chinese media reported last week that regulators had approved the issuance of special refinancing bonds and 12 high-risk regions would get preferential bond quotas.
In a top decision-making meeting in July, China's leadership pledged to formulate measures to resolve risks from local government debt. Some provincial governments have submitted their own plans to Beijing, according to reports by Chinese state media.
Inner Mongolia's move to issue bonds also comes after Chinese Premier Li Qiang last week urged provincial authorities and state-owned enterprises to pay back money owed to private companies, underscoring Beijing's efforts to boost the country's ailing private economy. "We must make sure that debt owed is paid," Li said in a meeting.
Write to Singapore Editors at singaporeeditors@dowjones.com
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Mongolia: Adverse winter weather forecast across western and west-central regions through at least Sept. 27 www.crisis24.garda.com

Heavy snowfall is forecast across parts of western and west-central Mongolia through at least Sept. 27. The Mongolian National Agency for Meteorology and Environment Monitoring (NAMEM) has warned of particularly heavy snowfall in Bayan-Olgii and Khovd provinces overnight Sept. 26-27 and in Zavkhan Province Sept. 27. Hazardous travel conditions are likely due to icy roads and reduced visibility caused by blowing snow.
As of Sept. 26, the NAMEM has issued the following warnings across the affected area Sept. 26-27:
Red heavy snowfall warnings (the highest level on a three-tier scale): Bayan-Olgii and Khovd provinces.
Orange heavy snowfall warnings: Zavkhan Province.
Yellow heavy snowfall warnings: Arkhangai, Bayankhongor, Govi-Altai, Khovsgol, and Uvs provinces.
Authorities will likely issue new alerts or update/rescind existing advisories as the weather conditions evolve in the coming days.
In addition to the wintry precipitation, strong wind gusts could lead to periods of blowing and drifting snow. Sporadic power outages are likely throughout the affected area.
The winter weather will likely cause ground and air transport disruptions across the affected area over the coming days. Traffic and commercial trucking delays are possible along regional highways. Difficult and potentially dangerous driving conditions are also likely on secondary and rural roadways in the affected provinces. Authorities could close stretches of highway if driving conditions become too hazardous. Flight delays and cancellations are possible due to strong winds and poor visibility at airports across the affected areas.
Advice
Monitor local media for updated weather information. Verify road conditions before driving in areas where heavy snowfall is forecast. Allow extra time to reach destinations in these areas and carry an emergency kit and warm clothes if driving is necessary, especially on secondary or rural routes that could become impassable. Plan accordingly for delivery delays if routing shipments by truck through the affected area. Confirm flights. Charge battery-powered devices in the case of prolonged electricity outages.
 
 
 
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China, Mongolia, Russia Hold First High-Level Security Trilateral www.thediplomat.com

During Wang Yi’s visit to Moscow, China’s top diplomat held trilateral consultations with Russian Security Council Secretary Nikolai Patrushev and Mongolian National Security Council Secretary Enkhbayar Jadamba. (Wang is currently serving both as China’s foreign minister and as the head of the Chinese Communist Party’s Central Foreign Affairs Office. The latter position is generally seen as equivalent to national security advisers in bilateral talks.)
Prior to the trilateral meeting on September 20, the various sides of the triangle – Russia and China, Mongolia and China, and Mongolia and Russia – held bilateral talks on security issues. This meticulous arrangement of consecutive talks underscores the high importance that China and Russia attach to security issues.
Prior to this, the last high-level security meeting between Mongolia and China was held in 2015. Meng Jianzhu, then a member of the CCP’s Politburo and secretary of the Central Political and Legal Commission, met with Ts. Enkhtuvshin, then secretary of the Mongolian National Security Council, and his delegation. At that time, Enkhtuvshin also visited Buddhist heritage sites in Lhasa, Tibet, and met with Wu Yingjie, then the executive deputy secretary of the Tibet Autonomous Region CCP Committee.
At the recent conference, Wang may have invited Enkhbayar, the secretary of the Mongolian National Security Council, to visit China at a later date to strengthen cooperation. Given the precedent noted above, a visit by Enkhbayar might also include stops in relevant regions such as Tibet or Xinjiang.
It should be emphasized that Mongolia is preparing to update its existing National Security Concept. According to the official website of the Mongolian President, over 60 percent of national security concepts need to be modified or revised. Enkhbayar has submitted the updated version to Mongolian President Khurelsukh Ukhnaa, and a revised draft of the National Security Law has been formulated. However, the draft concept was not submitted to the National Great Khural in a timely manner, due to the uncertainty of the international environment in the surrounding areas of Mongolia.
Many of Mongolia’s neighbors and close partners – including Russia, China, North Korea, the United States, South Korea, Japan, and Kazakhstan – have all revised their corresponding security policy documents to reflect the new geopolitical environment. Mongolia will update relevant documents in the near future as well. That makes close consultations with Ulaanbaatar especially important for Russia and China at this formative time in Mongolia’s national security policymaking.
With the intensification of China-U.S. competition and extreme tension between Russia and Europe and the United States due to the entrenched Russia-Ukraine conflict, Mongolia, sandwiched between Russia and China, has to pay close attention to its security positioning. Senior officials from the Russian and Chinese governments have stated that Moscow and Beijing do not oppose Mongolia’s diplomatic relations with other countries and its “third neighbor” diplomacy, as long as these actions do not harm the common strategic interests of Mongolia, Russia, and China. But the situation has changed recently, though the shift is very subtle. Today, Russia and China intend to strengthen cooperation with Mongolia through mechanisms such as tripartite security consultations, which may be institutionalized in the future.
There are several reasons why Mongolia, Russia, and China are holding this security consultation at the current moment. First, there is talk that a deal for the Power of Siberia 2 natural gas pipeline will be finalized in October, when both Russian President Vladimir Putin and Mongolia’s Khurelsukh are expected to travel to Beijing for the third Belt and Road Forum. The pipeline would bring gas from Russia’s Far East to China, transiting Mongolia in the process. The joint project would necessitate close cooperation between the three neighboring countries, including in the security realm.
Second, China and Russia may hope to to head off the prospect of instability in Mongolia. Various protest activities in Mongolia have raised the specter of “color revolution,” a frequent bugbear for both China and Russia. Russia’s Patrushev in particular made a point of saying that his country would work with China and Mongolia to “jointly resist external interference” and “prevent color revolutions.”
Last winter, in the Mongolian capital Ulaanbaatar, thousands of people took to the streets despite severe cold to protest against corruption and high inflation in the country’s coal industry. Mongolia’s anti-corruption agency announced in mid November that more than 30 coal industry officials were under investigation for corruption. So far, no clear explanation has been provided to the public regarding these corruption cases.
These developments caused dissatisfaction among the masses and raised speculation of interference from internal and external forces. This may affect the stability of Mongolian society, which would have a negative impact on ethnic minority areas near the borders of Russia and China.
Third, and closely related, China and Russia may be growing concerned about losing influence in Mongolia. In recent years, Mongolia has engaged in trilateral meetings with the United States and its allies. Japan, the U.S. and Mongolia, as well as South Korea, the U.S. and Mongolia, have had several meetings under these mechanisms.
In August, Mongolian Prime Minister Oyun-Erdene Luvsannamsrai visited the United States and met with multiple high-level officials of the U.S. government, resulting in warm interaction between the two sides. Now the United Nations General Assembly is being held in New York, with the participation of the Mongolian president. It can be seen that the United States is the most active in wooing Mongolia, given its sensitive and crucial location between Russia and China.
Ulaanbaatar is also working hard to respond. After all, in Mongolia’s “third neighbor” strategy, the United States has always had the highest priority. In Ulaanbaatar’s view, only superpowers like the United States have the ability to overcome geopolitical constraints and help Mongolia hedge against the influence of China and Russia. Ulaanbaatar can also negotiate better with China and Russia using the Mongolia-U.S. relationship.
This has sparked a sensitive mindset between China and Russia, leading them to strengthen cooperation with Mongolia, including through this trilateral security consultation.
Mongolia has long been eager to maintain close economic cooperation, friendly exchanges, and political ties with China and Russia. Currently, there are many cooperation projects between China, Russia, and Mongolia. However, Mongolia has always maintained a distance from international organizations led by China and Russia. Mongolia has not joined the Collective Security Treaty Organization (CSTO) or become a full member of the Shanghai Cooperation Organization (SCO). This is part of Mongolia’s policy of balanced diplomacy or neutrality among major powers, without participating in any security organizations.
However, it may be difficult for Mongolia to continue to be ambiguous in its approach to mutual trust and relations among the three countries in the field of security. Both China and Russia are subtly pushing for Mongolia to move closer.
Last April, Zhang Ming, the secretary general of the SCO, visited Mongolia and clearly stated that the organization hopes that Mongolia will further participate in the grouping. This was a disguised invitation for Mongolia to join, something Ulaanbaatar has resisted thus far. At the 8th Eastern Economic Forum (EEF), Russian Deputy Foreign Minister Andrey Rudenko also stated that Russia is willing to promote Mongolia’s formal accession to the SCO. It seems that Russia and China hope to accelerate Mongolia’s accession to the security organization.
Russia in particular has recently shown a relatively strong and frequent interest – some might say interference – in Mongolia’s foreign diplomatic efforts. Alexey Sambuevich Tsydenov, the current head of the Buryat Republic within the Russian Federation, and Sholban Kara-ool, the former head of the Tuva Republic of Russia and currently the deputy speaker of the Russian State Duma, are influential senior decision-makers from the Mongolian ethnic minority in Russia. Both have explicitly stated that Washington is planning a “Ukrainian-style” strategy for Mongolia that would fully align it against China and Russia. Given that Moscow used allegations of U.S. interference in Ukraine as pretext to stage an invasion, these claims are particularly alarming.
Even more interestingly, the Mongolian government and senior diplomats did not raise any objections against these comments, which undermined Mongolia’s sovereignty and diplomatic independence, nor did they issue any summons to Russian diplomats in Ulaanbaatar. Mongolia may have been trying to avoid any adverse effects on the recent trip of Vyacheslav Volodin, the speaker of the Russian State Duma, to Ulaanbaatar, as well as the upcoming visit of the Mongolian prime minister to Russia and the tripartite meeting between Mongolia, China, and Russia, that is scheduled to take place in Beijing during the the Belt and Road Forum.
However, if Ulaanbaatar fails to take timely action to resist Russia’s actions or clarify the situation with the public, it may encourage Russia or others to resort to inappropriate language and behavior to attack Mongolia’s foreign policy and actions in the future.
Russia and China, within their respective spheres of influence, are strengthening cooperation, including with Mongolia, in the context of changes in the international environment. This has brought new diplomatic and security pressure to countries like Mongolia.
GUEST AUTHOR
Sumiya Chuluunbaatar
Sumiya Chuluunbaatar is an economist and expert on international issues. Sumiya is currently working as a non-resident fellow at the Institute of International Studies, Mongolian Academy of Sciences.
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Elixir Energy’s Nomgon-10 pilot CBM well in Mongolia enters production www.proactiveinvestors.com.au

The Nomgon-10 pilot well of Elixir Energy Ltd (ASX:EXR) is now online at its Nomgon IX coal bed methane (CBM) project in the South Gobi Basin of Mongolia while the company has also declared a CBM discovery in the Yangir region and confirmed that its 2023 drilling program is nearly complete.
Pilot production well
The Nomgon-10 pilot production well has been successfully drilled, completed and brought into production with water flowing initially and gas due to follow.
Work is proceeding on time and on budget, taking just 19 days from spud to first water production.
Elixir is bringing the well into production slowly to minimise the risks of formation damage and shocks to the coal reservoir.
Nomgon-10 is an additional pilot well that will be connected to the Nomgon Pilot Production plant. The Nomgon-8 and 9 pilot wells remain suspended whilst the company monitors pressure communication between the wells.
Elixir managing director Neil Young said, “The drilling of the Nomgon-10 pilot well has gone to plan and we look forward to growing production of water – and then gas – from this well.
"Favourable results will put the Nomgon Pilot Project back on the intended pathway of determining commercialism."
Yangir CBM discovery
In the Yangir region, a successful drill stem test (DST) was performed on the Yangir West-2 well, with the results constituting a CBM gas discovery with the company having proved the presence of gas-saturated coal with adequate permeability.
Yangir core holes and chip holes have intersected coal thicknesses of up to 60 metres of coal, even though the full stratigraphic section is yet to be intersected. Elixir has measured gas contents of up to 10 cubic metres per tonne (on a raw basis) in the Yangir sub-basin.
Excelsior Energy — a technology and service provider to the mining and oil & gas industry — conducted the DST by undertaking considerable pre-planning with Elixir and around-the-clock well site and remote supervision to ensure a successful outcome.
At Big Slope, the Big Slope West-1 well has been successfully drilled. The well reached a total depth of 620 metres and intersected more than 27 metres of coal. The company’s four-rig program is now winding down, with one rig still drilling.
The remaining Erdene Drilling rig is drilling Yangir Far West-1 and is currently at a depth of 425 metres, which is still above the coal targets.
“Our other appraisal and exploration drilling in 2023 – completed safely and within budget — has added new discoveries in the key South West region of our PSC," Young said. "We expect in 2024 to focus on moving these discovered resources into reserves.”
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Chinese ambassador to Mongolia presented Credentials www.gogo.mn

On September 26, G.Amartuvshin, Deputy Minister of Foreign Affairs, held a meeting with Shen Minjuan, Ambassador of the People's Republic of China to Mongolia, and received a copy of the Letter of Credentials.

G.Amartuvshin, Deputy Minister of Foreign Affairs, expressed the desire to intensify the comprehensive strategic partnership between Mongolia and China, and implement the tasks reached at the level of the heads of state of the two countries.

He also expressed his readiness to work closely with the new ambassador for the mutual development of the development policies of the two countries and wished her success in duty.

Shen Minjuan, Ambassador of the People's Republic of China to Mongolia, said that she will honorably continue the succession of ambassadors in Mongolia, and will work hard to develop relations and cooperation between the two countries and bring them to a new level.

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Trucks testing new highway enter Mongolia www.chinadaily.com.cn

Nine trucks traversing a new highway linking China, Mongolia and Russia in the first test of the route entered Mongolia on Saturday after traveling 577 kilometers through China.
The Fourth Asian Highway, designed to consolidate regional social and economic cooperation, runs for 2,253 kilometers from Urumqi, in northwestern China's Xinjiang Uygur autonomous region, to Novosibirsk in Siberia, Russia.
The trucks, dispatched by China, Russia and Mongolia, left Urumqi on Friday and are scheduled to reach Novosibirsk on Thursday.
Their 758-kilometer route through Mongolia runs through the provinces of Khovd and Bayan-Ulgii.
Enkhbat Ochirsuren, an official from Mongolia's Ministry of Road and Transport Development expressed his gratitude for the hard work of the truck drivers and border workers at a welcoming ceremony in Bulgan, Mongolia, on Saturday. Enkhbat said the highway was a crucial measure to accelerate the development of economic cooperation among the three countries.
The deputy director of transport services at China's Ministry of Transport, Xuan Dengdian, said the trial operation was a historic journey that would help provide a platform for communication and trade exchanges. No schedule for the official opening has been announced.
Vladimir Molchanov, the director of Russia's Motor Transport Agency, said the new route would add vigor to the already strong economic and trade ties in the Asia-Pacific region.
Li Menghan in Beijing and Lu Rui in Bulgan, Mongolia contributed to this story.
 
 
 
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French Project Worth EUR 100 Thousand for Strengthening Food Security and Women Participation www.montsame.mn

The Government of the Republic of France, through its Embassy in Mongolia is to launch a project to be implemented by GERES NGO on September 27, 2023.
As crop production is insufficient in Mongolia, the Project worth of EUR 100 thousand aims to develop agricultural bioclimatic solutions by establishing solar greenhouses and underground eco-cellars, adapted to small Mongolian farms, and to strengthen the entrepreneurship in rural area, in particular capacity-building of women, who dominate in the crop production.
This project is part of the fight against climate change and the search for food security in the face of a strong dependence on imported food products. The project will focus on the reduction of the vegetable import of Mongolia and the contribution to a more diversified and nutritious diet. It will also support operations of small crop farms and cooperatives.
 
 
 
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Mongolia to cooperate with Korea on supply international goods and security www.gogo.mn

This year marks the 30th anniversary of the signing of the "Customs Mutual Assistance Agreement" between the governments of Mongolia and South Korea. The tenth meeting of the heads of customs organizations of the two countries is being held in Seoul, South Korea, on 25-27 September.
Ko Kwang-hyo, Head of the Korea Customs Service, and R.Otgonjargal, Head of the General Department of Customs of Mongolia, discussed and agreed to cooperate in the following directions.
Implement risk management by increasing the ability to obtain information in advance and analyze it based on information technology to facilitate legal trade and combat illegal activities;
Ensure the security of the international trade supply chain, and implement the Mutual Recognition Agreement made within the framework of the Trusted Enterprise Program to facilitate trade;
Learn from the good experience of the Republic of Korea Customs, which created an electronic and digital environment that introduced advanced technology and innovation in customs operations;
Hold the next customs meeting of two countries in Mongolia in 2024.
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Trade Turnover between Mongolia and China Exceeds USD 12.5 Billion www.montsame.mn

Yesterday, the representatives of over 60 companies of the Inner Mongolia Autonomous Region of the People’s Republic of China took part in a business forum held at the Mongolian National Chamber of Commerce and Industry (MNCCI).
The Vice President of the International Trade Promotion Council of the Inner Mongolia Autonomous Region Miao Zeng Wei delivered an opening address of the Forum.
He noted that this year marks the 74th anniversary of the establishment of diplomatic relations between Mongolia and China, and the 10th anniversary of the "One Belt One Road" Initiative put forward by China, and said that the trade turnover between the two countries has exceeded USD 12.5 billion making 34 percent increase compared to the last year’s performance. Mr Miao Zeng Wei pointed out that it is remarkable that the International Trade Promotion Council of the Inner Mongolia Autonomous Region is co-organizing the "Business meeting on supply, trade, economy and investment of enterprises" with the Mongolian National Chamber of Commerce and Industry particularly at this time.
The President of the Mongolian National Chamber of Commerce and Industry D. Enkhtuvshin said at the opening of the Forum, "Our two countries have historical, traditional friendly relations and extensive business cooperation. In recent years, new business opportunities have been created, cooperation in many fields has intensified, and foreign trade and cooperation are growing more and more." He expressed gratitude for the arrival of a large delegation from the Inner Mongolia Autonomous Region seeking new business opportunities and new investment partnerships in Mongolia.
Increase of foreign trade between Mongolia and China in recent years shows that there is an opportunity to further expand the trade and economic relations between the two countries. In particular, the market of Inner Mongolia has always been the largest market for the Mongolian export goods, and the International Trade Promotion Council of Inner Mongolia and the Mongolian National Chamber of Commerce and Industry have been closely cooperating in this respect.
At the recent Trade and Investment Meeting between Mongolia, China and Russia organized in Ereen, and the Fourth Mongolia and China Expo held in Hohhot, Mongolia participated with a large number of companies presenting investment projects and discussed about the possibilities of further expansion of cooperation. Within the framework of the official visit of the Mongolian Prime Minister L. Oyun-Erdene to China last June, the Forum on Trade and Economic Cooperation between Mongolia and China was successfully organized in Beijing. More than 600 entrepreneurs from the two countries participated in the Forum and signed 25 contracts worth USD 2.2 billion.
China accounts for 84 percent of Mongolia's exports, 57 percent of which is hard coal, 26 percent is copper ore and concentrate, and four percent is iron ore and concentrate, which makes in total USD 10.6 billion. China supplies Mongolia with goods worth of USD 8.7 billion, 10 percent of which are trucks, seven percent - trailers and other parts, and four percent - electricity and energy, making in total USD 3 billion.
Over 60 companies, such as Energy technology and production company "Shuangliang", "Northern Rare Earth Group", "Bugat Iron and Steel Group" from Bugat, biopharmaceutical production company "Jinyu Baolin" from Hohhot, medical hospitals, pharmaceuticals, medical international exchange and cooperation center from Holonbuir, Adis Mongolian medicine from Tongliao city, Xinyuan and Luton trade technology from Ulaantsav, and Guan Zi technology from Bayannuur participated in the Forum and B2B meetings to introduce their activities, business relations and cooperation proposals to Mongolian counterparts.
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