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Mongolia, China aim for 3 million mutual travellers annually www.zgm.mn
Foreign Minister of the People's Republic of China (PRC) Wang Yi is visiting Mongolia until August 25 at the invitation of his Mongolian counterpart Tsogtbaatar Damdin. According to authorities, sides discussed regional and international cooperation, as well as activating Comprehensive Strategic Partnership in selected sectors. Last June, President of Mongolia Battulga Khaltmaa expressed his interest in fastening the projects connected to the economic corridor and his Chinese counterpart announced his alignment with the initiation during a trilateral meeting with the Russian Federation. Also, Mongolia and China have signed 36 agreements worth USD 4.6 billion, including 300MW coal-fired power plant in Buuruljuut and 100MW power project in Zavkhan aimag, during the bilateral business meeting which took place earlier this year. During the three-day visit, Chinese Foreign Minister will visit the Chinggis Khaan airport for the special passage established in the check-in section opened under the Travel Facilitation project of Belt and Road initiation, and attend the opening ceremony of Ulaanbaatar Wastewater Treatment Plant project, which is financed by the PRC under the feasibility study of France.
• Chinese FM to visit Ulaanbaatar Wastewater Treatment Plant.
• Mongolia and China are making effort to increase mutual travelers to 3 million.
• Mr. Wang Yi invites his Mongolian counterpart to visit China next year.
Minister of Construction and Urban Development highlighted that the plant will commission in 2020. Additionally, the Government approved the list of projects to be implemented with the China’s USD 1 billion loan this year. This includes 10 projects, such as the expansion of Erdenet thermal power plant, underpass, meat processing plant and quarantine facility. The loan has a maturity of 20 years, 7-year moratorium and two percent interest. On the first day of his visit yesterday, Mr. Wang Yi met with his counterpart and signed a document on increasing bilateral trade to USD 15 billion. Foreign Minister of Mongolia Tsogtbaatar Damdin informed, “We have agreed to intensify bilateral economic cooperation and discussed the necessity of high-level meetings. Next year marks the 70th anniversary of establishment of diplomatic relations between the two countries. The sides reaffirmed the President Battulga Khaltmaa’s invitation to China next year.” Mr. Wang Yi addressed, “We are focusing on developing bilateral relations in four major areas. Both our countries are making an effort to increase the number of mutual travelers to 3 million. We are pleased to hear that Mongolian President will pay a visit to China next year.” Furthermore, Mr. Tsogtbaatar expressed Mongolia’s interest in developing non-mining sectors, in which the Chinese delegate responded to conduct studies on the matter.
Published Date:2018-08-24
