Mongolia aims to increase Sino-Mongolian trade volume to 20 billion US dollars by 2026

Montreal, January 14th, the Mongolian News Agency reported on the 13th of this month, that the Prime Minister of Mongolia, Gantungalai, met with the Chinese Ambassador to Mongolia, Shen Minjuan. At the beginning of the meeting, the Prime Minister of Mongolia, Gantungalai, expressed his thanks to China's Premier for the New Year's greetings.

Prime Minister Gantungalai said that Mongolia and China are friendly neighboring countries with contiguous mountains and rivers. Developing friendly and cooperative relations is the top priority of the foreign policy of both countries. The two countries have been conducting mutually beneficial cooperation based on the basic principles of respecting each other's independence, sovereignty, territorial integrity, development path, and fundamental rights, which he feels satisfied with.

The Prime Minister emphasized that during the meeting with the Chinese Premier in November 2025 in Moscow, both sides agreed that China's 14th Five-Year Plan would be aligned with Mongolia's five-year development plan, elevating the long-term sustainable development, economic growth, and regional cooperation between the two countries to a new level.

He pointed out that the projects and plans implemented between the two governments play an important role in promoting the socio-economic development of the two countries and benefiting the people. He emphasized that Mongolia is willing to work with China to achieve the goal set by the heads of state of increasing the total trade volume between Mongolia and China to 20 billion US dollars by 2026. Both sides expressed their intention to actively promote the transit transportation business of exporting Mongolian goods to third-country markets.

Ambassador Shen stated that in the current severe international economic and trade situation, the stable trade volume between the two countries indicates broader opportunities for economic cooperation between the two countries in the future. Ambassador Shen also stated that she will make positive contributions to the mutually beneficial cooperation between China and Mongolia.

Original: toutiao.com/article/1854289932687364/

Statement: This article represents the personal views of the author.