Minister of Industry D.Erdenebat participated in the "Minister's Time" broadcast aired each Monday and gave information regarding industrial sector projects, further work required, and future plans for the rector sector.  

During the broadcast the Minister stressed that even today, imports prevail in Mongolia and the country is still dependent on foreign countries.  

He pointed out that Mongolia spends 383 million USD on products from abroad. As reported by the Ministry of Industry, Mongolia spends 1.7 million USD on imported dairy products and 19 million USD on powdered milk annually  

The nation's exports are valued at 5.7 billion USD, of which 81.8 percent (4.7 billion USD) is from the export of raw materials from the mining sector. 

The Minister of Industry stressed that export of industrial products is not taking place. “In this case, there is no guarantee that the currency exchange rate will be stable and living conditions of the population will be improved further, citing that the main reason for this is unstable policy in the industrial sector.

He added that Mongolians continue the import of products which can produced domestically. "For instance, we are importing vegetable oil for 25 million USD, sugar for 24 million USD, white rice for 14 million USD, flour for 7 million USD, fruit for 6 million USD, and vegetables for 10 million USD. That means that we are spending 110 million USD for the import of food products."   

 As stressed by Minister D.Erdenebat, ”This figure proves that we set policy dependent on foreign policy. We need to evaluate economic policy based on these figures instead of politicizing them, otherwise, these figures will not improve.  

"There shouldn’t be politics in the economy; the economy requires only actual numbers or figures.”