Your Excellency Mr. Xi Jinping,
Distinguished Heads of Delegations of participating countries and international organizations,
Esteemed guests,
Ladies and Gentleman,
At the outset I express my sincere gratitude to the Government of the People’s Republic of China on successful hosting of the high-level meeting.
This Forum is being organized within the confines of the APEC Economic Leaders’ Week, at the initiative of China, and I would like to thank Excellency Mr. President Xi Jinping for inviting me to this Forum.
Mongolia fully supports the APEC’s vision and principles and we have been expressing our interest to cooperate and join the APEC since 1993.
Mongolia strives to meet all APEC criteria, and using the APEC members’ practices as benchmark, Mongolia has developed a Plan for Trade and Investment Liberalization.
The APEC economies account for about 80 percent of Mongolia’s foreign trade turnover and 70 percent of total foreign direct investment inflows to Mongolia.
Being an Asian country with an intensively growing economy, Mongolia has an enduring aspiration to become a member of APEC, the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific, and this goal is one of our foreign policy strategic priorities.
Mongolia’s being part of the Asia-Pacific region is not just a geographical, but also a political factor. Mongolia belongs to the international forums and organizations, in particular, to the United Nations and the Asia-Pacific regional groups. Therefore, our regional agenda is also centered on becoming a dialogue partner of ASEAN and joining the East Asia Summit process.
Although, Mongolia is a landlocked country, it has a vested interest in all the "Three Pillars" of APEC work, which will help us develop much closer economic ties with our immediate neighbors and other APEC economies.
Trade between Asia and Europe, China and Russia is increasing rapidly, and using our geographical advantage, Mongolia is planning to become the shortest transit line country that connects Asia and Europe.
Mongolia strives to have access to the regional infrastructure hub, seaport, by establishing transit transportation route and efficient logistics system.
Mongolia joined the Asian Highway Network signing the Intergovernmental Agreement on the Asian Highway Network with members of the United Nations Economic and Social Commission for Asia and Pacific and we are responsible for building roads on AH3, AH32 and AH4 within our territory.
Mongolia launched the construction project of a new international airport, which will be commissioned and operational by December 2016. This airport shall make Mongolia an air transit hub between the Europe and Asia.
In terms of railway sector, Mongolia is planning to construct approximately 5,600 km of railway infrastructure in 3 phases and the second phase - the construction of 1,800 km railway has started in 2013.
During the official visits of the Heads of State of Russia and China paid to Mongolia respectively, we touched upon issues on establishing and developing transit transportation corridors. This will help Mongolia enhance cooperation with the Asia-Pacific countries in economic, trade, investment, road-transportation agriculture and tourism sectors.
Once again, I express Mongolia’s readiness to cooperate and to be involved in the Steppe Road project, which connects Russia and China, with highway, high voltage electrical line, gas and oil pipeline.
Ladies and Gentleman,
To be a stable and reliable partner in the region, we must improve and create new infrastructure and become a full party to regional infrastructure integration.
On the other hand, there are issues to resolve related to the high technology and infrastructure financing. Mongolia’s top priority is to develop value-added production and engage in mutually beneficial trade in processed goods rather than remaining a mere exporter of raw materials. We would like to cooperate with you in this direction.
I would like to emphasize the importance of enhancing cooperation with the APEC member countries in economic and infrastructure sector for the economic prosperity of Mongolia. As Mongolia’s economic potentials unfold, the APEC member economies and Mongolia will enjoy greater cooperation venues and platforms in mining, energy and infrastructure.
Thank you for your attention.