Mongolia’s foreign trade turnover reaches USD 13 billion - News.MN

Mongolia’s foreign trade turnover reaches USD 13 billion

Old News! Published on: 2019.02.21

Mongolia’s foreign trade turnover reaches USD 13 billion

The American Chamber of Commerce in Mongolia (AmCham Mongolia) hosted Minister for Foreign Affairs D.Tsogtbaatar at the January Monthly Meeting.

At the meeting Foreign Minister Tsogtbaatar noted, “Mongolia’s foreign trade turnover reached nearly 13 billion USD in 2018 – a record-high performance – with export equivalent to almost 7 billion USD, while the FDI grew 1.5-fold over the past year compared to 2015.” He highlighted the importance of expanded Mongolia-U.S. comprehensive partnership and the latest developments in bilateral relations between Mongolia and the U.S., including the Mongolia Third Neighbor Trade Act and the Millennium Challenge Corporation Second Compact, while stressing AmCham Mongolia’s role as a bridge connecting investors to state authorities.

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