A Kyrgyz-Mongolian business forum held

A Kyrgyz-Mongolian business forum attended by 55 Mongolian businessmen was opened in Kyrgyzstan. The event attracted over 100 Kyrgyzstan’s entrepreneurs from the spheres of construction, agriculture, communications, tourism and other industries.

Businessmen plan to extend economic cooperation and consider the proposals to supply equipment for mining industry, as well as in agriculture and energy.

As Mongolian Minister of Foreign Affairs and Trade Zandanshatar Gombojav noted the current trade and economic turnover between Mongolia and Kyrgyzstan that is $1.9 million following the results of 2011 does not reveal a full potential of two countries.

According to the Ministry of Economy and Antitrust Policy of Kyrgyzstan, in 2011 exports to Mongolia totaled $ 1.4 million having decreased by 30 percent compared to 2010. Imports - $ 0.4 million by importation of meat and sand.

“These data are very scant. We should brisk up the activity of the intergovernmental commission,” Zandanshatar Gombojav added.