JAPANESE STUDY GROUP CALLS FOR TRADE TALKS WITH MONGOLIA

Japan and Mongolia should promptly start bilateral economic partnership talks, a study group comprising Japanese government officials and private-sector experts has recommended. It says such partnership would help Japan raise automobile exports and secure steady supplies of mineral resources, while bringing more foreign investment to Mongolia.
Japan intends to put the talks on a fast track in light of the need to reduce its dependence on China for rare-earth metals, the earthquake and its aftermath have made things uncertain. Japan's trade with Mongolia totaled about 10.4 billion yen in 2009, accounting for less than 0.1% of its total foreign trade. Mongolia imposes tariffs on about 99.7% of items shipped from Japan, including cars and electronics.
Source: The Nikkei
The Business Council of Mongolia aims to advocate increased trade and investment in Mongolia and serve as a forum for dialogue on the important business climate issues. Join us at the Business Council Mongolia Official Website
No votes yet
Archived Comments