Chinese Ambassador to Mongolia Xing Haiming said that the agriculture machinery, provided within the framework of a project on promoting the agriculture production of Mongolia and funded with a soft loan from China, will contribute greatly to the development of the Mongolian agriculture sector and further development of bilateral agricultural cooperation.

Chultem Ulaan, Mongolian minister of food, agriculture and light industry, said that the much-needed agriculture equipment will help Mongolian agricultural entities to upgrade their older equipment and accelerate the development of the country's agriculture sector.

"This is one of the major investments in the Mongolian agriculture sector in history," Ulaan said.