The forum was participated by officials led by Minister of Foreign Affairs D.Tsogtbaatar, Secretary General of Party Committee of Inner Mongolia Autonomous Region Li Jiheng, Ambassador of China to Mongolia Xing Haiming and President of Mongolian National Chamber of Commerce and Industry B.Lkhagvajav.

Foreign Affairs Minister D.Tsogtbaatar said that trade turnover between the two countries is increasing intensively. Also the sides are intending to bring this growth to USD 10 billion. Trade turnover with China upped by about 30 percent in recent years. Implementation of these agreements signed today will take time to be fully realized, but it is impossible to change agreed cooperation and trade price. Thus this kind of forum has significant importance to Mongolia’s economic growth.”

The forum aimed to introduce investors and businessmen of Inner Mongolia Autonomous Region to Mongolia and to make progress in bilateral economic ties. Mongolia and Inner Mongolia Autonomous Region have common values regarding culture, customs and lifestyle and we consider that it creates favorable business condition. Therefore businesses of Inner Mongolia Autonomous Region make up some 50 percent of business cooperation between Mongolia and China. We intend to study Mongolia’s business trends in the next three years and support for foreign investors, said Setsen, Vice-Director of the Trade Chamber of Inner Mongolia Autonomous Region.

B.Batchimeg