Mongolia, Germany cooperate on regional development

ULAN BATOR, Jun 30, 2010 (Xinhua via COMTEX) -- Mongolia and Germany plan to soon launch the second stage of a joint regional economic development program that is aimed at promoting trade cooperation, reports said Wednesday.

Deputy Prime Minister Miyegombo Enkhbold on Tuesday held talks on bilateral cooperation with Hanna Bucher, an economic advisor from Germany's Federal Ministry of Economic Cooperation and Development.

Enkhbold said Mongolia has adopted many measures to promote regional development since 2000, but that some have failed. Mongolia now cares more about regional economic stability and the retainment of jobs.

Mongolia is scheduled to use one of its regional centers as an example to show the possibility of regional development, Enkhbold said.

The regional economical development program has been in place since 2007. The program focuses on the promotion of small and medium-sized companies, regional economic policy, and the business environment.

Copyright 2010 XINHUA NEWS AGENCY

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