MINISTRY OF INDUSTRY AND TRADE OF THE CZECH REPUBL : CZECH REPUBLIC WANTS TO INCREASE ITS EXPORTS TO MONGOLIA, WHICH IS FOR DOMESTIC EXPORTERS A SIGNIGICANT OPPORTUNITY
Czech Republic wants to increase its exports to Mongolia, which is for domestic exporters a significant opportunity
POSSIBILITIES FOR FURTHER DEVELOPMENT OF COOPERATION IN THE FIELDS OF GEOLOGY, MINING INDUSTRY, TRANSPORT INFRASTRUCTURE, ENVIRONMENTAL TECHNOLOGIES, ENERGY, FOOD, TEXTILE AND CLOTHING INDUSTRIES WERE THE SUBJECT OF TUESDAY’S DISCUSSION OF THE MINISTER OF INDUSTRY AND TRADE, JIRI CIENCIA£A WITH THE MINISTER FOR HOUSING AND URBAN PLANNING OF MONGOLIA TSEVELM BAYARSAIKHAN. BOTH MINISTERS AGREED THAT RECENT POSITIVE DEVELOPMENTS OF TRADE RELATIONS BETWEEN CZECH AND MONGOLIAN FIRMS CAN BE EVEN MORE INTENSE WITH THE AIM OF INCREASING MUTUAL INVESTMENTS. THEY WANT TO MAKE ALL CONDITIONS TO THAT END AT THE GOVERNMENT LEVEL OF BOTH COUNTRIES.
The Minister Bayarsaikhan visited the Czech Republic on the occasion of the fifth meeting of the Joint Committee between the Government of the Czech Republic and the Government of Mongolia (26 and 27 August), where he led the Mongolian delegation.
During the talks, both Ministers agreed to create a common schema to interconnect specific objectives and needs of the Mongolian economy with the capabilities and competencies of Czech companies. “Through this array, we shall monitor and regularly evaluate how we succeed in promoting the cooperation between companies of both countries. We want to achieve concrete results that would be beneficial to both parties and that would promote not only trade, but also investment and joint production,” said the Minister Cienciala, who considers Mongolia a very interesting country due to its dynamic development and tradition of good relations with the Czech Republic, offering our companies a number of interesting opportunities. “However we must do more to make use of these opportunities,” he added.
Individual areas of cooperation were discussed during the meeting of the Joint Committee, and according to the statements of both parties there were evident by endeavours to achieve tangible results. “During the two-day meeting we really focused primarily on specific projects that Czech companies intend to implement in Mongolia, and on how it should be supported at the level of governments of both countries. The fact that the meeting of the Committee was attended by the numerous group of representatives of companies from both countries was also very beneficial. After all, the committee is theirs,” said the Deputy Minister of Industry and Trade Milan Hovorka, who led the Czech delegation at this meeting.
In terms of the specific objectives of Czech companies in the Mongolian market, Mr Hovorka said that Czech firms put hope above all to unfinished projects in the sectors of energy, heating, mining, public utilities, manufacturing and construction of health facilities. A detailed discussion, however, also included the intentions of Mongolia in the areas of transport infrastructure development and mobility support of citizens. The Czech companies could significantly exert themselves especially in the construction of railways or airports.
Czech and Mongolian officials also discussed the use of foreign development cooperation projects being implemented by the Czech Republic in Mongolia, which already valued at the amount of several hundred million of the Czech crowns, to support the follow-up commercial cooperation. Last year, the overall Czech exports to Mongolia reached a record level of more than 400 million Czech crowns and the large part of them consisted of deliveries implemented within the development cooperation projects.
Representatives of the both countries also exchanged opinions on how to solve business cases that went wrong in the past and that were supported by the Czech state export and insurance funding.
A business forum with the Mongolian party attended by over 50 representatives of companies from both countries and prepared by the Economic Chamber of the Czech Republic was also held on the occasion of the meeting of the Committee. At the Forum, representatives of Mongolian ministries presented Czech companies the development of the Mongolian economy, investment environment, intentions and plans for the development of Mongolian infrastructure.
A rich program of the Minister Bayarsaikhan and his delegation in the Czech Republic also included a meeting with the Minister for Regional Development Franti¹ek Lukl and visits of some plants, where the minister and his entourage got acquainted with the technologies and know-how in the field of building materials and disposal of municipal waste.
Tomá Paták
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