AMBASSADOR D.IDEVKHTEN VISITS MCCI

Ulaanbaatar, Mongolia /MONTSAME/ The Ambassador Plenipotentiary and Extraordinary of Mongolia to the Russian Federation, Mr D.Idevkhten visited on October 17 Moscow-based Chamber of Commerce and Industry /MCCI/ to take part in opening of the commission that will collaborate with Mongolia's Chamber of Commerce and Industry /MNCCI/. Addressing the gathered, the Ambassador said the relationship and cooperation between the two countries have been developing successfully at the strategic partnership level in the last years and expressed a confidence that this recently established commission will be aiming at supporting of the mutually fruitful economic and trade cooperation. Then he gave detailed information about Mongolia's business environment and investments. He said an external trade turnover between Mongolia and Russia reached 1,312,6 million USD increasing 22,6 percent against the previous "but this is not sufficient", that the Russian investments to Mongolia cannot reach a desired by the two sides level. He said Mongolia suppots the Russian investments, especially from the private, to Mongolia on the basis of laws and of common principles. Ch.Enkhtuya