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  • “Mongolia and Turkey must overcome barriers in order to widen their economic and business cooperation”
    04/11/2018

    Mrs. M.Oyunchimeg, CEO of the Mongolian National Chamber of Commerce and Industry (MNCCI), met a delegation headed by Nail Olpak, Chairman of the Foreign Economic Relations Board of Turkey (DEİK) and Cengiz Gul, Chairman of the Turkey-Mongolia Business Council, whilst an official visit of Binali Yıldırım, Prime Minister of the Republic of Turkey to Mongolia paid on April 6-8.

    “We are attaching a special importance to the visit of the Turkish Prime Minister to Mongolia,” Mrs. Oyunchimeg said at the beginning of the meeting, and then pointed out the MNCCI is working to develop a networking between Mongolian and Turkish businesspeople, to attract Turkish investment and to introduce progressive technologies in Mongolia.

    She said, “Our nations are connected in terms of historical and cultural aspects. At present time, Mongolia--transitioned into market economy--has a potential to widen the cooperation with Turkey in trade and investment spheres.”

    She noted the MNCCI appreciated a proposal of the Turkish side to set up a joint chamber of commerce and industry, believing that it could expand the bilateral collaboration in the economic and business sectors and bring it into a new volume. As the animal husbandry makes up a major proportion in the Mongolian economy, an introduction of Turkish technologies has importance to boost the bilateral economic cooperation, Mrs. Oyunchimeg added.

    In turn, Mr. Cengiz Gul, Chairman of the Turkey-Mongolia Business Council, emphasized a size of the trade turnover between the countries has not reached a satisfactory level, so the nations must realize their goal to maximize the trade turnover to USD 50 million in near future. Within this goal, Mr. Gul has invited Mongolian specialists to tour major industrial cities and entities of Turkey and expressed a readiness to hold a business meeting.

    Representatives of Turkish companies presented their business in Mongolia in the meat production, construction, energy, education, foods and tourism spheres. They then put forward some proposals, for instance, Chairman of the Turkish Union of Red Meat Industrialists and Producers Ahmet Yucesan said expressed its willingness to invest the Mongolian side for processing meat and supplying it to Turkey. Besides the cooperation proposals, they talked about some barriers in customs, banking system, logistics and infrastructure while doing business in Mongolia.

    At the end of the meeting, L.Munkhbat, Director of the Integrated Investment Policy Division of the National Development Agency of Mongolia, delivered a report about a current investment environment in Mongolia and opportunities for Turkish companies to invest Mongolia.

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