The Minister of Foreign Affairs L.Purevsuren made a statement on the benefits of Japanese PM Shinzo Abe`s visit.
PM Shinzo Abe held detailed talks with President Ts.Elbegdorj on the relations between two countries. Economic Partnership Agreement (EPA) is ready to be implemented from the beginning of next year which is the first free trade agreement for Mongolia. During the visit, two parties discussed on such agreement, stated by the Minister.
In scope of the EPA, 8100 types of products are enabled to be exported to Japanese market from Mongolia at discounted price, while 5900 types of goods set to be imported from Japan to Mongolian market at customs' discounted price. However, it will be fully implemented for five to ten years after the agreement become valid, noted by the Minister.
Japanese side expressed that they will support and assist our country for conducting consistent economic policy. One evidence was that the Minister of Foreign Affairs L.Purevsuren and Japanese Ambassador to Mongolia T.Shimizu signed Memorandum of Understanding to cooperate on new project railway of east route for Tavan Tolgoi and to encourage the Japanese side's involvement in construction works.
Japanese side will conduct research prior to December, 2015 on how effective the project is and how much beneficial it is for the economy.
New International Airport of Ulaanbaatar in Hushigt, Tuv aimag is being constructed by the Japanese soft loan and Mongolia to cooperate with Japan on the management of this new airport.
Shinzo Abe said during the Nikkei forum held in May, 2015 that Japanese side to focus on the Asian infrastructure development and to invest US$ 110 billion in this sector over the next five to 10 years. We should take this opportunity in our country. Today we negotiated to use Japanese leading technology on coal gasification.
In addition, PM Shinzo Abe discussed with the President, PM and Speaker of the State Great Hural on developing regional cooperation.
Mongolia nominated for Human Rights Commission of UNICEF while the election will be held in next week. In accordance with that event, Japanese side expressed their willingness to support, said by the Minister L.Purevsuren.
The Minister of Foreign Affairs L.Purevsuren made a statement on the benefits of Japanese PM Shinzo Abe`s visit.
PM Shinzo Abe held detailed talks with President Ts.Elbegdorj on the relations between two countries. Economic Partnership Agreement (EPA) is ready to be implemented from the beginning of next year which is the first free trade agreement for Mongolia. During the visit, two parties discussed on such agreement, stated by the Minister.
In scope of the EPA, 8100 types of products are enabled to be exported to Japanese market from Mongolia at discounted price, while 5900 types of goods set to be imported from Japan to Mongolian market at customs' discounted price. However, it will be fully implemented for five to ten years after the agreement become valid, noted by the Minister.
Japanese side expressed that they will support and assist our country for conducting consistent economic policy. One evidence was that the Minister of Foreign Affairs L.Purevsuren and Japanese Ambassador to Mongolia T.Shimizu signed Memorandum of Understanding to cooperate on new project railway of east route for Tavan Tolgoi and to encourage the Japanese side's involvement in construction works.
Japanese side will conduct research prior to December, 2015 on how effective the project is and how much beneficial it is for the economy.
New International Airport of Ulaanbaatar in Hushigt, Tuv aimag is being constructed by the Japanese soft loan and Mongolia to cooperate with Japan on the management of this new airport.
Shinzo Abe said during the Nikkei forum held in May, 2015 that Japanese side to focus on the Asian infrastructure development and to invest US$ 110 billion in this sector over the next five to 10 years. We should take this opportunity in our country. Today we negotiated to use Japanese leading technology on coal gasification.
In addition, PM Shinzo Abe discussed with the President, PM and Speaker of the State Great Hural on developing regional cooperation.
Mongolia nominated for Human Rights Commission of UNICEF while the election will be held in next week. In accordance with that event, Japanese side expressed their willingness to support, said by the Minister L.Purevsuren.