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China accounts for 50% of foreign investors' enterprises in Mongolia www.akipress.com
15,000 foreign companies from 113 countries registered as investors in Mongolia from 1990 to 2019, after the country legally allowed foreign investment. China accounted for 50% of foreign investors' enterprises, South Korea for 17%, and Russia for 6%.
South Korean Institute of Mongolian Studies of Danggu University and Mongolian University of Commerce and Industry (MTPU) emphasized investment statistics during a joint scientific conference on the state of trade between South Korea and Mongolia.
Head of the policy and strategy department at the Mongolian National Chamber of Commerce and Industry J. Oyunchimeg presented the business environment of Mongolia, and trade manager of Land Bridge LLC M. Gan-Erdene spoke about the cargo transportation problems between the two countries.
Professor N. Otgonsaikhan from MTPU prresented the advantages and disadvantages of trade, transport mediation, freight transport, taxes and investments between South Korea and Mongolia.
The parties also discussed the fact that the volume of bilateral trade between the two countries does not reach the desired level.
Published Date:2022-07-18
