Mongolia-Japan mutual economic cooperation to be strengthened
During his visit to Japan, Minister of Foreign Affairs Tsogtbaatar.D held a meeting with Japanese Minister for Foreign Affairs Taro Kono to discuss relations and cooperation between the two countries.
During his visit to Japan, Minister of Foreign Affairs Tsogtbaatar.D held a meeting with Japanese Minister for Foreign Affairs Taro Kono to discuss relations and cooperation between the two countries and exchange views on regional and global issues. According to Minister D.Tsogtbaatar, the government and people of Japan have given great assistance to help strengthen Mongolia’s democracy and economy, and the Japanese government is contributing to Mongolia by implementing a number of projects with the International Monetary Fund and Japan’s Official Development Assistance. During the meeting, the two ministers also discussed the implementation of the mid-term program for the Japan-Mongolia strategic partnership which is being carried out from 2017 to 2021. Reportedly, the Japanese government has decided to create a master plan towards value-added manufacturing in the Mongolian agricultural sector. As the main focus of his visit was to boost mutual economic cooperation and increase trade and investment collaboration, especially creating a collaboration opportunity to increase the exports of Mongolian small and medium-sized enterprise to Japan, Minister Tsogtbaatar.D met with Japan’s Minister of Economy, Trade and Industry asked the Japanese trade minister to focus on increasing exports from Mongolia to Japan; promote Mongolian small and medium-sized enterprise; and implement the economic partnership, which seeks to promote joint committees and mutual cooperation. Japanese Minister Seko noted that he will focus on the Mongolian government’s request. Executive Managing Director of Japan Bank for International Cooperation (JBIC) told the Mongolian delegates that they are ready to promote cooperation between the two countries’ small and medium-sized enterprises and invest in Mongolian megaprojects with strategic importance.
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