Mongolia to establish trade missions to boost exports

Oyundelger 2018-08-09 08:08

Economy

Mongolia will establish three trade missions in the Chinese capital Beijing, the city of Vladivostok in the Russian Far East, as well as the Japanese capital Tokyo.

Mongolia will establish trade missions abroad between 2018 and 2023 in order to boost exports. "Mongolia's economy is on track to stabilize. Now, it is extremely important to boost exports to increase foreign exchange reserves, raise salaries and create more jobs.", Tsogtbaatar Damdin told a press conference, stressing the need to establish overseas trade missions. According to the official, from 2018 to 2019, Mongolia will establish three trade missions in the Chinese capital Beijing, the city of Vladivostok in the Russian Far East, as well as the Japanese capital Tokyo. Similar offices will be opened in the northern Chinese city of Tianjin, the Russian capital Moscow, and the Belgian capital Brussels between 2020 and 2023.