Speaker Z.Enkhbold meets Shinzo Abe

Speaker of the Mongolian Parliament Z.Enkhbold, who is on official visit to Japan, held a meeting with the Prime Minister of Japan, Shinzo Abe, on Tuesday.
Beginning the meeting, Shinzo Abe said he is satisfied with the Mongolian Speaker’s visit, which is coinciding with the 43rd anniversary of diplomatic relations between Mongolia and Japan, and underlined the importance of this visit for bilateral political and economic cooperation.
Emphasizing that the people and the state of Mongolia are always grateful to Japan for supporting Mongolian democracy and reforms, Z.Enkhbold said in his return that he highly values Abe’s initiatives, which have had great importance in economic cooperation between the two countries.
Shinzo Abe said that Japanese businessmen are interested in investing in Mongolia, and expressed the hope that the Mongolian Speaker will pay attention to forming good conditions for investors. He also thanked the Mongolian parliament for ratifying the recently signed economic partnership agreement with Japan, and said his country’s parliament intends to ratify it very soon. Abe pointed out that the increasing frequency of high-level meetings proves that the bilateral relations and cooperation have become very close.
The Speaker asked Abe to back the Japanese companies that want to participate in a project on railway construction in the eastern region of Mongolia, saying that Japanese company Nippon Steel has already expressed a readiness to supply rail iron.
Mongolia’s cashmere accounts for 40 percent of the supply in the global market, but only ten percent of it is processed, Enkhbold noted. He expressed a willingness to introduce Japanese technology to Mongolia to supply the world with processed cashmere.
On the same day, President of the Japan Bank for International Cooperation Hiroshi Watanabe called on Speaker Z.Enkhbold. He expressed satisfaction with the signing of the economic partnership agreement with Mongolia and appreciated the opportunity to meet with the head of the country’s legislature.
The Speaker said Japan’s support for Mongolia during its transition to democracy is appreciated and respected. He emphasized the importance of the JBIC’s involvement and role in developing broad economic relations to ensure the participation of the private sector. He hoped that the bank would actively cooperate in the implementation of frameworks reflected in the mid-term program of the strategic partnership between Mongolia and Japan, specifically in the construction of power plants based at steel plants, iron and copper smelting plants, and at the industrial park in Sainshand.
Investment and cooperation with Mongolia should not be limited to the minerals sector and should be expanded into agricultural spheres, said the Speaker.
In response, Watanabe agreed with the Speaker’s words, stating, “Our economic ties have been running one way, in a form of giving Mongolia loans and aid, so the two sides must upgrade this relationship and boost mutually beneficial relations in the business.” He said his side will study all possibilities of cooperation the Speaker offered and will be glad to support, by all means available, cooperation between business institutions of the two countries, informed the Office of the Parliament.
On Tuesday Speaker Z.Enkhbold also paid a courtesy call on His Majesty the Emperor of Japan Akihito and Empress Michiko. Noting that Japan’s assistance and active support for Mongolia’s democratic transition are highly respected and valued by the State of Mongolia, he invited His Imperial Majesty to visit Mongolia at any time that suits the Emperor.

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Posted by on Feb 26 2015. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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