Mongolian Prime Minister Norov Altanhuyag said Friday that
the new government will maintain the foreign policy directions of the previous
governments.

Altanhuyag made the remarks when receiving heads of diplomatic missions and
international organizations.

“We will build on balanced relationship and wide-ranging, good-neighborly
cooperation with our two neighbors,” Altanhuyag said, adding that the
government will also seek to develop friendly relations with regional and world
powers.

Altanhuyag also emphasized the importance of foreign investment, saying foreign
direct investment plays a significant role in the development of the Mongolian
economy.

The new government will be open to foreign investment, he said, promising that
the government will strengthen transparent, favorable legal frameworks for
foreign investors.

During the event, the prime minister also briefed foreign diplomats on the
politics and economics of Mongolia and introduced his cabinet members.

The Mongolian parliament approved Altanhuyag as prime minister on Aug. 9.