Trade turnover with Japan increase

Oyundelger 2017-02-21 06:02

Economy

Mongolia-Japan trade turnover has been growing demonstrating the effectiveness of the Economic Partnership Agreement between Mongolia and Japan.

Trade turnover with Japan increase. Mongolia-Japan trade turnover has been growing demonstrating the effectiveness of the Economic Partnership Agreement between Mongolia and Japan. Mongolia’s annual trade with Japan grew up by 17 per cent compared to the previous year. After the Economic Partnership Agreement became effective in June past year, Japanese businessmen’s interest to study Mongolian business environment and make investment in Mongolia has been intensified, said Director of the Foreign Trade and Economic Cooperation Department of the Foreign Affairs Ministry V.Enkhbold. Past year, several meetings were organized to introduce and discuss about what possibilities businessmen have in the framework of the agreement. For instance, business representatives of Hokkaido and Shizuoka prefectures of Japan came to Mongolia to hold business meetings. Mr. V.Enkhbold highlighted the visit of Mongolian Prime Minister to Japan and an economic forum held during the visit. He said that a contract was established between companies during the forum and dried milk processing factories will be established in every province of Mongolia.