Chinese premier proposes stronger investment cooperation with Mongolia

Chinese Premier Wen Jiabao (L) shakes hands with his Mongolian counterpart Sukhbaataryn Batbold in Ulan Bator, Mongolia, June 1, 2010. (Xinhua/Pang Xinglei)
ULAN BATOR, June 2 (Xinhua) -- China is willing to boost investment cooperation with Mongolia in mineral resources development and infrastructure construction and encourage Chinese enterprises to import more farm and animal husbandry products from its northern neighbor, Chinese Premier Wen Jiabao said here Wednesday.

Speaking at the opening of the Sino-Mongolian Economic and Trade Cooperation Forum, the Chinese premier said China and Mongolia, both developing fast, have highly complementary economies and have broad prospects in economic and trade cooperation

"We are good neighbors that have stuck together through thick and thin and have empathy for each other. We are partners that have complementary advantages and cooperate with each other with win-win results," he said.

"China firmly adheres to the principle of building friendship and partnership with neighboring countries and the policy of fostering an amicable, peaceful and prosperous neighborhood. We are committed to safeguarding peace, stability, development and prosperity in the surrounding regions," Wen said. "We are sincerely willing to be Mongolia's good neighbor, good friend and good partner for ever."

Wen made the following four proposals on further boosting bilateral economic and trade cooperation.

First, to boost investment cooperation in mineral resources development and infrastructure construction. Funds and technological support will be provided for this endeavor.

Both nations should push for the completion of a number of major projects at early dates to contribute to the comprehensive enhancement of bilateral ties, he said.

China is willing to cement cooperation with Mongolia in such fields as energy, railway, highway, port and telecommunications. It is also willing to work with Mongolia to extend bilateral cooperation to such fields as environment, logistics, tourism, science and technology, he said.

Second, China supports its enterprises to import more farm and animal husbandry products from Mongolia and encourage them to invest in projects that create more jobs and improve the livelihood of local residents.

China is willing to increase economic aid to Mongolia and intensify support for Mongolia's farming industry, education and health sectors as well as poverty reduction efforts, said the Chinese premier.

Third, both sides should make specific efforts to implement the medium-term development outline for Sino-Mongolian economic and trade cooperation and continue to strengthen research on strategic issues.

Both sides should improve rules and agreements on, and mechanisms of, cooperation in contract bidding, labor service, transportation, and quarantine, Wen said.

Fourth, both countries should further strengthen their ties within such multilateral cooperation frameworks as the Northeast Asia economic and trade cooperation, the Shanghai Cooperation Organization and the Asia-Europe Meeting, and boost cooperation in trade, investment, logistic and technology within a number of sub-regional cooperation frameworks.

Mongolia is the third leg of Wen's four-nation Asia tour, which has already taken him to South Korea and Japan. He is due to arrive in Myanmar on Wednesday afternoon.

source: Xinhua


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