Offering brand new and progressive technological products and services, annual “Small & Medium Enterprisers’ Product, Service & Technology” international trade fair opened on Thursday in the Misheel Expo Center.
Co-organized by the Mongolian National Chamber of Commerce and Industry (MNCCI), the Ministry of Food, Agriculture and Light Industry and the Production and Innovation Department of Ulaanbaatar, this year’s fair is being attended by Mongolian companies as well as producers from the Trade Representative Office of the Republic of Korea, Taiwan, Hong Kong and Pakistan.
B.Lkhagvajav, Chairman of the Board and President of MNCCI, made the opening remarks at the event, saying that this fair is taking place for the 21st time and it represents a current development and standards of SMEs in Mongolia and outcomes of cooperation with their foreign counterparts.
“The SME international is one of the events appreciated by the Mongolian government and the Municipality of Ulaanbaatar for supporting SMEs,” said J.Batbayasgalan, Deputy Mayor of Ulaanbaatar city in Charge of Green Development and Air Pollution Affairs, and hopes that wealth makers and businesspeople for SME will progress further.
T.Jambaltseren, Head of Department of Public Administration and Management of the Ministry of Food, Agriculture and Light Industry, pointed out that over 70 thousand entities out of those over 158 thousand entities listed in the Business Registration Data are running business permanently. Some 60 thousand of them are classified as SME. He emphasized the SME is a large sector in Mongolia that make up 48 percent of the GDP, and added the fair’s opening was coincided with submitting of a bill on SME to parliament.
Representing those foreign entities participating in the fair, Kan Min Hu, Chair of the Association for Korean Businesspeople in Mongolia, expressed his satisfaction with attendance of the event, saying that representatives of 24 South Korean companies are participation in the fair. He hopes that the socio-economic ties between the countries will widen in many spheres.
Participants at the SME’s Product, Service & Technology - 2018” trade fair are mostly displaying products made of pure natural ingredients as well as exporting goods. In the conclusion part, top products and services will be selected in 14 nominations, and they will receive the event’s trophies, certificates and other prizes from the organizers.
In addition, MNCCI is holding series of free training with themes “Tackling issues through arbitration”, “Packaging of products”, “International standards of exhibition” and “Business model in the 21st century” during the fair that will last until May 20.