1 U.S. HOUSE PASSES BILL TO SANCTION CHINESE BANKS OVER HONG KONG WWW.REUTERS.COM PUBLISHED:2020/07/02      2 NAADAM FESTIVAL BECOMES THE LONGEST HOLIDAY WWW.NEWS.MN PUBLISHED:2020/07/02      3 ‘FOR THE 1ST TIME IN LIVING MEMORY’: IMF EXPECTS ASIAN ECONOMY TO SHRINK AS IT DOWNGRADES FORECAST WWW.RT.COM PUBLISHED:2020/07/02      4 CHARTER FLIGHTS TO BE CONDUCTED IN JULY WWW.MONTSAME.MN  PUBLISHED:2020/07/02      5 MONGOLIA NOT TO RE-OPEN ITS BORDERS IN JULY WWW.MONTSAME.MN PUBLISHED:2020/07/02      6 MONGOLIA REPORTS NO NEW COVID-19 CASES, 1 MORE RECOVERY WWW.XINHUANET.COM PUBLISHED:2020/07/02      7 MOODY'S - MONGOLIA FACES LIQUIDITY RISKS AS CORONAVIRUS SQUEEZES EXPORT REVENUE AND LIMITS FINANCING OPTIONS WWW.MOODYS.COM PUBLISHED:2020/07/02      8 JURISDICTIONS UNDER INCREASED MONITORING – 30 JUNE 2020 WWW.FATF-GAFI.ORG PUBLISHED:2020/07/02      9 CHINESE ECONOMIC ACTIVITY PICKS UP DESPITE GLOBAL CORONAVIRUS UNCERTAINTY WWW.RT.COM PUBLISHED:2020/07/01      10 RIO TINTO AVOIDS FOOTING $1BN BILL FOR NEW POWER PLANT IN MONGOLIA WWW.FT.COM PUBLISHED:2020/07/01      МОНГОЛ УЛСЫН 31 ДЭХ ЕРӨНХИЙ САЙДААР У.ХҮРЭЛСҮХИЙГ ТОМИЛЛОО WWW.UNUUDUR.MN НИЙТЭЛСЭН:2020/07/02     ЗАСГИЙН ГАЗРУУДЫН ӨРИЙН ХЭМЖЭЭ НЭМЭГДЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/07/02     МОНГОЛ УЛС ФАТФ-ЫН СААРАЛ ЖАГСААЛТААС ГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2020/07/02     АЛТНЫ ХАНШ ӨНГӨРСӨН ОНЫ МӨН ҮЕЭС 31 ХУВИАР ӨСЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/07/02     АЗИЙН ХӨГЖЛИЙН БАНКНААС 56.4 САЯ ДОЛЛАРЫН ЗЭЭЛ АВЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2020/07/02     ТОЛГОЙТ, ШАРХАД ДЭД ТӨВИЙГ БАЙГУУЛАХАД АХБ 43.65 САЯ АМ.ДОЛЛАРООР САНХҮҮЖҮҮЛНЭ WWW.IKON.MN  НИЙТЭЛСЭН:2020/07/02     ОРОН НУТАГТ ХОГ ХАЯГДЛЫГ ДАХИН БОЛОВСРУУЛАХАД АХБ-НААС ХОЁР САЯ АМ.ДОЛЛАРЫН БУЦАЛТГҮЙ ТУСЛАМЖ ОЛГОХООР БОЛЛОО WWW.IKON.MN НИЙТЭЛСЭН:2020/07/02     МИНИЙ МАШИН УРАМШУУЛАЛТ ХӨТӨЛБӨР ОРОН ДАЯАР ДАХИН ЭХЭЛЛЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2020/07/02     "СҮҮ" ХК НЭМЖ 85.5 САЯ ЭНГИЙН ХУВЬЦАА АРИЛЖИНА WWW.MONTSAME.MN  НИЙТЭЛСЭН:2020/07/01     ЖДҮ-ИЙН ЗЭЭЛ АВАХ 1500 ААН ХҮСЭЛТЭЭ ИРҮҮЛЖЭЭ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2020/07/01    

Mongolia and Taiwan: a growing trade relationship www.news.mn

Despite the distance and limited trade figures between the two countries, Mongolia is a crucial partner for Taiwan due to its abundant metal resources; however, for a country that once built the largest empire in Eurasia, it remains remarkably mysterious to many Taiwanese.

Each year, Taiwan imports millions of dollars worth of copper and alloys from Mongolia as well as other products and textiles. In return, Taiwan exports electronic devices for telecommunications and high-tech machinery for manufacturing to the country. The total trade figure surpassed USD41 million in 2018 — a number that heralded tremendous potential for future growth.

According to the representative from the Ulaanbaatar Trade and Economic Representative Office in Taipei, Z.Lkhagvasuren, around 5,000 Taiwanese visited Mongolia in 2019; currently about 90 percent of the Mongolians in Taiwan are students. Although a visa-waiver program has not yet been established, the Mongolian side is supportive of any measures that might facilitate increased travel between the two countries.

As Taiwan’s health system and advanced medical technology have allowed it to handle the COVID-19 outbreak, Zolzaya believes these strengths can not only benefit Taiwan’s international partners, such as Mongolia, but also strengthen the island nation’s relationships with them as well.



Published Date:2020-05-24