PM J.Erdenebat opened the summit with a speech and said “Foreign trade turnover of Mongolia steadily increased to USD 8.3 billion in 2016, while reached USD 4 billion in the first quarter of this year. Around 80 percent of the total exports consists of mining products. The Government is aiming to create multi-pillared economy by diversifying export products and manufacturing final products from the agricultural raw materials”.

After discussing the Economic Corridor program agreement, which was signed between Mongolia, China and Russia, PM J.Erdenebat noted “We perceive that an opportunity for increasing transit shipments and trades exists in Mongolia. Therefore, Mongolia is interested in cooperating with Russia, China and other countries in the region to increase rail freight transports, create power grid and develop pipeline transport. Also, the positive outlook of the Mongolian mid-term macro economy can be observed from the reports of international banks, financial institutions and experts. Therefore, we encourage foreign investors to invest in Mongolia”.

Within the framework of the summit, several world-leading companies, such as The Bank of Tokyo-Mitsubishi UFJ and SoftBank Group, are attending to present cooperation opportunities. Accordingly, Shigeki Miwa, General Manager of SoftBank's CEO Office, delivered a presentation on Asian Super Grid and highlighted the possibilities of joining the project.
B.Tugsbilig