“My visit was designated to prepare for Mongolian Prime Minister J.Erdenebat’s visit to the People’s Republic of China in the first quarter of 2017, and the visit will take place next month. Moreover, Prime Minister J.Erdenebat will participate in the One Belt, One Road international summit by the invitation of President Xi Zinping”, he said.

“I held talks with Minister of Foreign Affairs Wang Yi, Vice President Li Yuanchao and other officials. Sides have noted with satisfaction that there’s no political and social conflict between the two countries”, reiterated Foreign Minister Ts.Munkh-Orgil.

According to the Minister, 7 Chinese ports are now accessible to Mongolia in frames of the ‘Agreement on Mongolia’s access to sea and ship transport through China’ which has been adopted by the Chinese Government. “There are about 10 intergovernmental agreements to be signed which will be settled during the Prime Minister’s upcoming visit. Also, a working group led by Deputy Prime Minister will visit the country”, he added.

The Foreign Minister said that both the Russian Federation and the People’s Republic of China have expressed their support to Mongolia’s through IMF, Asian Development Bank and World Bank. When asked about the total amount of monetary support from the southern neighbor, he answered, “The Chinese side has agreed to provide a USD 1 billion soft loan and CNY 1 billion nonrefundable aid”.