AKIPRESS.COM – The Mongolian-Lao Business Roundtable was held at the Mongolian National Chamber of Commerce and Industry in Ulaanbaatar on June 11, Montsame reports.
The Lao business delegation headed by Minister of Industry and Commerce of Laos Malaythong Kommasith took part in the event organized by the Ministry of Foreign Affairs of Mongolia and the Mongolian National Chamber of Commerce and Industry. Delegation members arrived in Mongolia as part of the two-day visit by President Thongloun Sisoulith.
Over 30 representatives from 9 companies in the energy, oil, transport, logistics, digitalization, trade, and food manufacturing sectors, as well as officials of the Lao National Chamber of Commerce and Industry, attended the forum.
Minister of Industry and Commerce of Laos Malaythong Kommasith noted that Laos is ready to intensify cooperation with Mongolia, and called on the entrepreneurs of the two states to cooperate.
Malaythong Kommasith introduced Laos’ economic and social situation within the regional framework of Southeast Asia and informed that the renewable energy sector, including wind, solar, and hydropowers is rapidly developing in Laos. Notably, representatives from one of the biggest renewable energy companies in Laos, Électricité du Laos, arrived in Mongolia.
The forum participants noted that although Mongolia and Laos have ancient historical ties and traditional friendly cooperation for many years, the economic cooperation and trade turnover between the two countries have declined since the transition to free market economies in 1990. The two sides expressed the importance of recovering economic cooperation and increasing trade between Mongolia and Laos.
The Mongolian side was comprised of the State Secretary of the Ministry of Foreign Affairs of Mongolia Ankhbayar Nyambaatar, President of the Mongolian National Chamber of Commerce and Industry Enkhtuvshin Dashtseren, as well as representatives of over ten Mongolian enterprises and researchers from the Institute for International Studies of the Mongolian Academy of Sciences.
The parties highlighted cooperation opportunities in transportation, logistics, livestock farming, tourism, medicine, energy, and particularly renewable energy fields.
