Export loan agreement established with Japan

Ulaanbaatar /MONTSAME/ Mongolia will introduce the latest techniques, technologies and services of Japan and will augment kinds of export products with a loan from Japan. A general agreement on export loan of up to JPY 8 billion on the matter has been established between the government of Mongolia and the Japan Bank for International Cooperation (JBIC). It was signed last week in Ulaanbaatar by N.Batbayar, the Minister of Economic Development, and by Mr Hiroshi Watanabe, an Executive Director of the JBIC. The general agreement is the first loan document with commercial terms ever established between Mongolia and Japan.