Mongolia's Resources and Opportunities to be Combined with Japan's High Technology
Over 100 representatives of the businesses of Japan and more than 400 representatives of the Mongolian business sector participated in the "Mongolia-Japan Business Forum-2023".
Over 100 representatives of the businesses of Japan and more than 400 representatives of the Mongolian business sector participated in the "Mongolia-Japan Business Forum-2023". At the Forum, the participants made presentations and discussed topics such as support for the development of exports between the two countries, information, communication, digital technology, climate change, and innovation. The Chairman of the Mongolian National Chamber of Commerce and Industry presented the role of the chamber in supporting Mongolian-Japanese business cooperation. He informed that by the initiative of the Mongolian National Chamber of Commerce and Industry, they are planning to set up a Mongolia-China-Japan Cooperation Council. The establishment of this Council and combined use of Mongolia's resources and opportunities, and Japan's experience, know-how, and high technology will enable to access the Chinese market with new products, and further expand the export of domestic products to the Southeast Asian market. Since the commencement of the implementation of the Economic Partnership Agreement, trade between the two countries has increased every year. Lately, in 2022, the total turnover of foreign trade reached 689.4 million USD. During the Forum, the parties signed the record documents of the Technical Cooperation Agreement "Project to Support the Development of New Zuunmod City and Free Economic Zone".
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