The meeting on promoting Mongolia-India trade and transportation logistics was held www.mongolianbusinessdatabase.com
According to the joint initiatives of Indian Embassy in Mongolia and Mongolian Business Database (MBD), “Mongolia-India trade & transportation: challenges and opportunities” consultative meeting was held today at Indian Embassy in Ulaanbaatar.
Mr.V.Enkhbold, Head of Foreign trade and economic cooperation department of Ministry of Foreign Affairs, Mr.Ravi Shanker Goel Charge’d Affairs of India to Mongolia, I.Ser-Od Founder and CEO of MBD, B.Ganzorig CEO of the Federation of Mongolian Freight Forwarding, U.Gerelmaa Advisory Board member of the Federation, the top managers of the Mongolian freight forwarders including “Tuushin”, “Mon Logistics”, “SBL”, “Landex” companies and related officers of the Ministries are took a part of this event.
The participants discussed the key obstacles and challenges of the trade barrier, opportunities to reduce the transportation cost, generate B2B relations of two countries and agreed to follow up the concrete actions for the mission.
Mr.Ravi Shanker said “Mongolia and India have a historic long term friendly relations however our trade and business cooperation is not really satisfactory enough. We wish that Mongolian businesses take a part of one of the leading economy in the world which is attracting 50-60 bln USD amounted annual FDI that has 500 mln middle class buyers which definitely can be assumed the potential market for Mongolian exporters”
Mr.Enkhbold said “We do pay a serious attention to Mongolia-India partnership however the geographical condition and distance between us makes a barrier to improve the trade. We need develop the cooperation by businesses in mutual countries like say for example the transportation logistics companies need to have a load on both ways etc. We as a Ministry of Foreign affairs working with the neighbor countries in order to facilitate the transit load for reducing the cost of actual products and expecting to have a concrete result in the near future”
Published Date:2017-08-02