Ulaanbaatar /MONTSAME/ State Councilor and Minister of Foreign Affairs of the People’s Republic of China Wang Yi is paying an official visit to Mongolia on August 23-25, at the invitation of his Mongolian counterpart D.Tsogtbaatar.

The formal measures of the visit commenced with official talks of the Foreign Ministers. Afterwards, Foreign Minister of Mongolia D. Tsogtbaatar and Foreign Minister of China Wang Yi signed the Memorandum of Understanding between the governments of Mongolia and the People’s Republic of China on marking the 70th anniversary of diplomatic relations of the two countries and ‘2019-2020 Cooperation Plan’ between the Foreign Ministries. Following the signing ceremony, the Ministers made a report to the press.

At the press conference, Minister D.Tsogtbaatar said, “Our official talks wrapped up successfully. We have exchanged views on strengthening bilateral comprehensive strategic partnership relations, deepening mutual understanding and political trust, intensifying trade and economic cooperation and launching big projects. Moreover, the sides agreed to make effort to increase bilateral trade turnover in order to eliminate a dependency of Mongolia’s economy from loans and assistance and to secure balanced sustainable development. 2019 marks the 70th anniversary of establishment of diplomatic relations. The People’s Republic of China is a country that recognized sovereignty of Mongolia and Mongolia backed China on strengthening its position at the United Nations.”

“During the talks held today, we agreed that China would augment its investment to sectors except mining when increasing its investment to Mongolia. An action of establishing Free Trade Agreement is starting. We also agreed to launch cooperation in ZamynUud-Erenhot zones. The sides review that the visit is effective to activate and continue friendly ties between Mongolia and China,” underlined D. Tsogtbaatar.

Foreign Minister of the People’s Republic of China Wang Yi said, “I have exchanged views with Mongolian side on four matters. Firstly, mutual political trust and support will be enhanced. The comprehensive strategic partnership between the two sides will be enriched with new content. Secondly, bilateral relations will be intensively developed through the opportunities of comprehensive strategic partnership. Thirdly, development of the two countries will be strengthened in accordance with the Road and Belt. Fourthly, bilateral ties will be elevated into a new level on the occasion of the 70th anniversary of the establishment of diplomatic relations between the two countries.”

“Moreover, we reached a number of important agreements: to respect national interests of each other, to protect political foundations of both sides, to carry out Belt and Road in line with the Development Road Program of Mongolia and make a plan of action, to deepen mutually beneficial cooperation. Additionally, the sides signed an intergovernmental Memorandum on celebrating the 70th anniversary of the establishment of diplomatic relations between the two countries. Both sides will work on bringing bilateral trade turnover to USD 10 billion by 2020. In addition, China is willing to accept Mongolia’s proposal to increase the export of agricultural and mining products,” said Wang Yi.

The same day, Foreign Minister Wang Yi paid courtesy calls on the President of Mongolia Kh.Battulga and Speaker of the Parliament M.Enkhbold.

Furthermore, the Minister will attend the launching of construction of a new Wastewater Treatment Plant in Ulaanbaatar on August 25 and will visit rural areas to get acquainted with issues on regional and border cooperation.

B.Batchimeg

Published Date:2018-08-24