Mongolian and Chinese business operators meet


Mongolian and Chinese business operators and investors met on Thursday at the Foreign Affairs Ministry.
The event, organized by the Mongolian Job Provider’s Union, was attended by more than 120 Mongolian and Chinese business delegates.
At the event, Prime Minister N.Altankhuyag remarked, “The recent changes made to the investment legal environment of Mongolia has made the investment climate more stable and understandable for business operators, and diminished bureaucracy and further hustle in doing business.”
He also noted that foreign and domestic investors will be viewed from the same angle and given equal opportunity.
During the meeting, Chinese business delegates noted the improvements made to Mongolia’s investment environment and said that it provides more opportunity for foreign businesses. But they also noted that it provides more opportunity for new investors, while the interests of longstanding relations have been forgotten. The Chinese delegation asked the Mongolian state to be more flexible in this matter, especially in regards to Chinese employment import quotas and land issues that are constantly present.
The Mongolian side noted that the amount of coal exports and prices are low and that renegotiations need to be made.
The Chinese delegation noted that although China’s demand for coal has decreased, it has made no changes to its importation amount, and that they are ready to assist Mongolia in improving the competitiveness of its coal production, especially in regards to its quality.

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Posted by on Mar 27 2014. Filed under Business & Economics. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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