Mongolian PM Appeals for Enhancing Mongolia-China Economic Cooperation

Home>>China

Last updated at: (Beijing Time) Tuesday, January 08, 2002

Mongolian PM Appeals for Enhancing Mongolia-China Economic Cooperation

The Mongolian Prime Minister Nambaryn Enkhbayar on Tuesday in Beijing called on both Mongolian and Chinese entrepreneurs to strengthen their economic and trade ties, in a bid to increase bilateral cooperation in mining, infrastructural construction, and livestock farming.

Enkhbayar, who came to China at the invitation of the Chinese Premier Zhu Rongji, said at a China-Mongolia economic and trade fair that entrepreneurs in both countries should implement the consensus reached by the two premiers on bilateral economic cooperation as soon as possible.

"China has become one of Mongolia's most important trade partners, and there is a huge potential for the development of economic relations between the two countries," he said.

Entrepreneurs should make in-depth studies on the feasibility of bilateral cooperative programs, he said.

Wan Jifei, vice-chairman of China Council for the Promotion of International Trade (CCPIT), said with joint efforts by the two governments and their business circles, great achievements have been made in various cooperative fields since the establishment ofbilateral trade relations in 1951.

Wan said that he hopes for further cooperation with Mongolia intransportation, animal husbandry, textile manufacturing, energy, science and technology as well as agriculture.

According to Chinese statistics, China has invested about 65 million U.S. dollars in Mongolia, making the biggest foreign investor. In the first eleven months of 2001, China-Mongolia tradeexceeded 300 million U.S. dollars, with a year-on-year increase of12.8 percent.

Premier Zhu Calls for Increased Ties with Mongolia

FM Spokeswoman on Mongolian PM's Upcoming China Visit