Mongolia reaffirms commitment to one-China policy

China supports the aid by international financial institutions to Mongolia, and it will also consider Mongolia's hope to expand exports of mineral, agriculture and husbandry products to China, Wang said


beijing, Feb 21 Debt-ridden mongolia has reaffirmed its commitment to the One-China policy and sought support from Beijing after bilateral ties were disrupted following the visit of Tibetan spiritual leader Dalai Lama to the landlocked country last year.
China yesterday assured to help Mongolia in its financial problems after Mongolian Foreign Minister Tsend Munkh-Orgil met his Chinese counterpart, Wang Yi here.
Tibet is an inseparable part of China and Tibet-related issues are China's internal affairs, Tsend Munkh-Orgil said after meeting Wang Yi.
This was Tsend's first visit to Beijing after bilateral relations were disrupted by the Dalai Lama's visit to the landlocked country in November.
China retaliated by various measures including cancellation of meetings to provide financial assistance to Mongolia to alleviate its debt burden.
Since then Mongolia made efforts to repair ties with China and promised it would never allow future visits by the Dalai Lama, state-run Xinhua news agency reported.
Hailing the Mongolian foreign minister's statement, Wang said it was important for the two countries to boost ties from a new beginning.
The two countries should outline high-level communication, synergise China's Belt and Road Initiative with Mongolia's Prairie Road program and promote cooperation in various fields, Wang said.
Munkh-Orgil said the Belt and Road Initiative would bring great opportunities for Mongolia's development, adding that Mongolian Prime Minister Jargaltulga Erdenebat will visit China and attend the Belt and Road forum for international cooperation in May.
He also thanked China for its support during Mongolia's financial difficulties. Mongolia had also approached India for assistance.
China's assistance included providing favourable loan terms to Mongolia and extending a bilateral currency swap deal that is vital to Mongolia's foreign trade and currency stability, state-run China Daily said.
The International Monetary Fund said on Sunday that Mongolia has agreed to implement an economic rescue package proposed by the IMF and refinance bond loans, easing concerns that Mongolia might default on a loan in March.
China supports the aid by international financial institutions to Mongolia, and it will also consider Mongolia's hope to expand exports of mineral, agriculture and husbandry products to China, Wang said.
Since Mongolia is trying to avoid missing a USD 580 million sovereign-guaranteed debt repayment due in March, the IMF said in its statement on Sunday that the Asian Development BankWorld Bank and bilateral partners, including Japan and South Korea, will provide up to USD three billion in aid, the daily said.
People's Bank of China, the central Bank of China, will extend a currency swap line to Mongolia worth 15 billion yuan (USD 2.18 billion), it said.
Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Asian Development Bank Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia Adventure Mongolia agriculture Mongolia air pollution Mongolia analysis Mongolia and Armenia Mongolia and Asian Development Bank Mongolia and Australia Mongolia and Azerbaijan Mongolia and Belorussia Mongolia and Bulgaria Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and Czech Mongolia and donors Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and IFC Mongolia and IMF Mongolia and Ind Mongolia and India Mongolia and Indonesia Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Qatar Mongolia and Russia Mongolia and Russia and Mongolia and China Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and Thailand Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia blind Mongolia Cashmere Mongolia Christianity Mongolia civic society Mongolia Corruption Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia environment Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia investment Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia news media Mongolia Nuclear Mongolia Petroleum Mongolia Politics Mongolia Poverty Mongolia public announcements Mongolia railways Mongolia Religion Mongolia slums Mongolia society Mongolia Sports Mongolia Stamp Mongolia Sumo Mongolia telecommunication Mongolia tourism Mongolia trade Mongolia Transportation Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian and Cuba Mongolian Archeology Mongolian Climate Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Kazakh Mongolian Meat Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Sumo Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia World bank and Mongolia

Blog Archive

Followers