Mongolian-Polish Business Forum was held
In the framework of the State visit of President of the Republic of Poland Andrzej Duda to Mongolia, a Mongolian-Polish Business Forum was held on April 25
In the framework of the State visit of President of the Republic of Poland Andrzej Duda to Mongolia, a Mongolian-Polish Business Forum was held on April 25 at Shangri-La Hotel in Ulaanbaatar. President of the Republic of Poland Andrzej Duda and President of Mongolia Ukhnaagiin Khurelsukh delivered opening speeches to the Business Forum. In their speeches, the Presidents of the two countries emphasized that the relations between the Parliaments, Governments, public organizations, citizens, and entrepreneurs have intensified, and the trade turnover of the two countries has reached USD 100 million doubling in the last three years. Economic Adviser to the President of Mongolia B. Davaadalai stated that this Forum and the State visit would bring considerable results in significantly increasing the economic and trade cooperation between the two countries. Three memorandums signed at this forum. The most notable MoU is the Memorandum of Understanding on Transit Facilitation. For a landlocked country such as Mongolia, transiting through the territory of Poland will give a huge advantage in terms of shipping to Europe and increasing trade." Representatives of relevant organizations of both parties made presentations and provided information on the business environment of Mongolia and Poland, trade opportunities, transport logistics, agricultural export and import, opportunities for joint ventures and investments, and banking. The Mongolian National Chamber of Commerce and Industry, the Polish Investment and Trade Agency, and the Polish Chamber of Commerce signed a Memorandum of Cooperation. B2B meetings of Mongolian and Polish companies were held toward establishing business links and cooperation. As of last year, Mongolia exported to Poland packaged medicine, sewn and knitted clothes, and goods worth USD 599,000, while Poland exported to Mongolia apples, pears, canned vegetables, fruits, nuts, chocolate, and cocoa containing food, pork, pork and poultry fat, beverages, pharmaceuticals, sanitary, face and nail care preparations worth USD 97,7 million.