Parliament decided to resume coal export to China to encourage economic growth policy in order to recover the economy breakdown from Covid-2019. On this subject, coal and crude oil will be exported through the southern border of Mongolia beginning on March 15, 2020, in compliance with ban and hygiene rules. Specifically, freight truck drivers required to have sanitizing conditions, protective garments, and outbound trucks will be scheduled to return on the day of the border crossing. According to the Minister of Finance, Khurelbaatar Chimed, Oyu Tolgoi (OT) is producing coal concentrate regularly. They are working under the suspend and sterilizing regulations. Additionally, the outbound truck export will continue, following the rules. If entities could not pay social insurance during the time of emergency, the undue loss will not be added. Budget revenue has been decreased by MNT 210 billion during the quarantine. Also, The Minister of Finance said it is estimated that budget loss will be recovered by later this year so the budget amendment will not be stated. Moreover, he emphasized, “We studied how the coronavirus outbreak is affecting the economy and we made a decision based on international study. The study showed that the economic impacts were V-shaped. That means the economy will be plunged off and restore back. China informed that they have been arranged to import coal from Mongolia a few days ago.”

Published Date:2020-03-03