Mongolia and China intend to increase trade to $ 20 billion. About this, Mongolia Prime Minister Luvsannamein Oyun-Erdne, said at the opening ceremony of the 7th Chinese International Import Exhibition, organized by the Ministry of Commerce of the People’s Republic of China and the People’s Government of Shanghai, Montsame reports.
OUUUN-ERDENE attracted that Mongolia, located at the strategic intersection of Asia and Europe, actively participates in an exhibition that has opened up wide opportunities for deepening economic relations not only with neighboring China, but also with other countries.
“This year marks the 75th anniversary of the establishment of diplomatic relations between the Mongolia and the People’s Republic of China. As of 2023, the turnover between the two countries reached $ 17.6 billion. In the future, the parties intend to increase it to $ 20 billion” – said the politician.
The Government of Mongolia is working on creating a new economic structure at a rapidly changing time, said Oyun-Erdne.
“Firstly, when planning our future development, we pay special attention to making digital and intellectual technologies based on artificial intelligence, to the catalyst for the development of Mongolia, and secondly, to transition to” green “development and, in “Thirds, focus on the transition of human resources,” continued the Prime Minister.
The Prime Minister emphasized that in addition to the world-famous agricultural products, such as wool and cashmere, Mongolian enterprises show at the Shanghai exhibition the development and progress of the mining industry and the ability to compete in the market.
“In the future, our goal is to move from the supplier of natural resources to the position of a supplier based on production,” said the Prime Minister.
He also visited the exhibition pavilions of the Mongolian enterprises participating in the Shanghai Expo exhibition and wished them success.
During the exhibition, information about the mining industry of Mongolia and projects in this sector requiring investment will be presented, as well as a presentation of the Minepro 2025 Week, which will be held next year in Ulan -Batter.
This time, the Shanghai International Import Exhibition gathered participants from more than 150 countries and is held under the motto “Together in the New Age”. The total exhibition area of the Shanghai import exhibition exceeds 420 thousand square meters.
Since 2018, the Shanghai exhibition, which is held annually from November 5 to 10, sets its main goal the joint search for new opportunities for global cooperation and trade.