PM visits China

On June 26, Prime Minister L.Oyun-Erdene started his official go to in China and bought acquainted with the operation of Tianjin Port. PM’s go to to Tianjin port is said to the objective of connecting border ports by street and railway as a part of the port revival of the New Revival Coverage, in addition to offering entry for Mongolia to the ocean. Mongolia owns 10 hectares of land in Tianjin port, and it’s doable for its to have entry to the ocean by turning this land right into a transport and logistics heart. L.Oyun-Erdene proposed to the administration of Tianjin Port Group to cooperate in placing Mongolian-owned land within the port into operation inside one 12 months. Greater than 90 % of the cargo visitors of ports akin to Zamyn-Uud, Shiveekhuren, Gashuunsukhait and Bichigt in Mongolia enters via the Tianjin port. When Mongolia places the land in Tianjin port into operation, the bottleneck of container transportation might be eliminated, the turnover of products will speed up, the inflation of client items will lower, and the chance to attach with about 500 ports of greater than 180 nations might be opened.

In keeping with the administration of Tianjin Port Group, sea transportation is one hundredth of the price of air transportation, one tenth of rail transportation, and one third of street transportation. The port, which launched automation and clever methods for container transportation for the primary time on this planet, employs 200 individuals for greater than 1,200 jobs, and supplies its vitality consumption with renewable vitality. In 2022, a complete of 471 million tons of products and 21 million items of normal containers have been launched via the port, which is ranked seventh on this planet, and in line with the information of 2023, it’s anticipated to succeed in 653 million tons.

On his second day, PM participated in the summertime Davos economic system convention underneath “Entrepreneurship: The driving power of the worldwide economic system” theme and met with the initiator of the convention and President Klaus Shwab. He famous that he believes that the occasions organized by the World Financial Discussion board will make a worthwhile contribution to overcoming the challenges arising from the brand new state of affairs. Through the assembly, they mentioned Mongolia’s financial diversification, issues going through landlocked nations, and worldwide cooperation towards corruption. PM famous that the Mongolian Financial Discussion board, which discusses Mongolia’s future financial and funding coverage and cooperation alternatives, might be held from July 9 and 10, and conveyed official invitation to President Klaus Schwab.