PRIME MINISTER INVITES INVESTORS AS POSITIVE ECONOMIC OUTLOOK SEEN FOR MONGOLIAN ECONOMY
The second annual summit of the Business Council of Mongolia is held in Ulaanbaatar under the theme “Regional Connectivity in Asia”. The main topics of infrastructure, power, mining, environmental awareness and other potential projects were discussed at the summit. Foreign trade turnover of Mongolia steadily increased to USD 8.3 billion in 2016, while reached USD 4 billion in the first quarter of this year. Around 80 percent of the total exports consist of mining products. The Government is aiming to create multi-pillared economy by diversifying export products and manufacturing final products from the agricultural raw materials.
