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President attends AmCham monthly meeting www.zgm.mn

The President of Mongolia Battulga Khaltmaa delivered the keynote speech for the August monthly meeting of the American Chamber of Commerce (AmCham) in Mongolia. The President stated that parliamentary elections can pose unstable political conditions, which negatively affect entrepreneurs and investors.

Mr. Battulga also affirmed that he is looking forward to expanding economic cooperation with the U.S, Mongolia’s new Strategic Partner. Currently, total trade turnover is only at 1.7 percent for Mongolia and noted that a roadmap for economic expansion of the strategic partnership should be created. He further stated that Mongolia lacks standardized technologies and investments and that he hopes AmCham Mongolia will implement some projects to address these issues.

“The United States is our third neighbor, an important political and economic partner for us. The development of trade and investment cooperation with the United States is highly important to Mongolia. As you know, I have made an official meeting with President Donald Trump at the White House and announced that the relations between our two countries reached the “Strategic Partnership” level. Currently, there are five to 10 projects that are ready to be implemented, which will be supported by the government and approved by Parliament,” the President said.



Published Date:2019-08-28