Foreign Affairs Minister visits China to expand political and economic cooperation

Minister Ts.Munkh-Orgil meeting with China’s Commerce Minister Gao Hucheng

Foreign Affairs Minister Ts.Munkh-Orgil visited China on February 20 and 21, at the invitation of his Chinese counterpart Wang Yi.

During Minister Ts.Munkh-Orgil’s meeting with Minister Wang Yi, held on February 20, the pair discussed possible areas for further cooperation between the two countries and exchanged views on global and regional issues.

The sides agreed to organize a state visit by Mongolian Prime Minister to China and the second meeting of the Mongolian Parliament and China’s National People’s Congress cooperative mechanism. They also agreed to host the first meeting of Mongolian and Chinese Cooperative Council on mineral, energy, and infrastructure cooperation as soon as possible.

To strengthen the legal and regulatory environment for cooperation between the two countries, the ministers also agreed to establish a new agreement on Mongolian and Chinese border sanitation and to sign a memorandum of cooperation and an agreement on roads and transportation cooperation.

Both sides emphasized that the two countries will take measures to increase export on mining products, and beef and mutton from Mongolia to China.

Chinese Foreign Affairs Minister noted that China has signed an agreement on Mongolia’s route to the sea through Chinese territory.

Minister Wang Yi stated that China will support Mongolia through bilateral and multilateral aid channels to overcome economic challenges facing Mongolians and stressed that he hopes Mongolia will maintain its fast growing economic development by dealing with its economic difficulties quickly. He said that China is ready to postpone a date to negotiate the currency swap deal between the two countries.

As a part of his visit to China, Minister Ts.Munkh-Orgil met with Vice President of the People’s Republic of China Li Yuanchao and China’s Commerce Minister Gao Hucheng to discuss legislature and economic cooperation between the two nations. During the meeting, the Chinese Vice President stressed that Mongolian Foreign Affairs Minister’s visit is of significant importance to strengthening political mutual trust and expanding cooperation between the two countries.

The Mongolian Foreign Affairs Minister highlighted that developing friendly relations with China is a key piece of Mongolia’s foreign policy and Mongolia is focusing on developing its comprehensive strategic partnership with China.

At the end of their meeting, Minister Ts.Munkh-Orgil invited Vice President Li Yuanchao to pay an official visit to Mongolia at his convenience.

During Minister Ts.Munkh-Orgil’s meeting with China’s Commerce Minister Gao Hucheng, the two pair discussed to speed up the implementation of agreements that have been reached.

The agreement specifies to organize a meeting of the Mongolia-China Intergovernmental Commission’s working groups, accelerate work on China-Mongolia cross border economic cooperation zone, speed up the implementation of projects funded through Chinese soft loans and non-refundable aids, and to collaborate with the Silk Road Fund and Asian Infrastructure Investment Bank on holding seminars and trainings.

Minister Hucheng stated that China is ready to collaborate with Mongolia to boost mutual economic and financial cooperation during challenging economic times.