In his speech, the PM said that Mongolia is one of initiators of this forum, which is committed to promoting regional economic integration and bringing Asian countries even closer to their development goals.

Mentioning that Mongolia has been attending the forum many times in state and government level, the PM underlined that the Boao Forum is important platform to expand regional trade and economic cooperation and seek possibilities to resolve pressing issues together.

“China’s initiative ‘The Belt and Road’ is possible to play a vital role to accelerate economic development and satisfy regional and global peace and stability by means of intensifying regional countries’ cooperation in infrastructure, trade, investment and finance and inter-citizen exchanges. For this reason, Mongolia supports this initiative from the beginning and implements its own initiative ‘Development Road’ in harmonization with ‘The Belt and Road’ and is actively working to create ‘Mongolia-Russia-China economic corridor’,” he said.

In addition, the PM emphasized, “Mongolia maintains its policy to develop mutual beneficial economic cooperation and take active part in regional political and economic processes. Mongolia is interested in developing a broad-range of cooperation with its neighbors and regional countries.”

Highlighting Mongolia’s reviving economy and improving investment and business environment, the Prime Minister U.Khurelsukh pointed out that the government aims at developing agriculture, food, light industry and tourism to diversify economy.

M.Unurzul