On May 03, 2013, the 6th Japan-Mongolia
Joint Consultation with the Government and Private Sector on Trade and Investment was held in Ulaanbaatar, where Mr. Isshu Sugawara, the State Minister of Economy, Trade and Industry representing the Government of Japan and over 100 entrepreneurs from Japan
Accordingly, authorities from Mongolia’s Ministry of Mining
, Ministry of Foreign Affairs and Ministry of Economic Development have made joint statement regarding the meeting’s result on May 07, 2013.
Wherein, the Government of Japan expressed its interests: (1) to buy regularly high quality coal from Mongolia at reasonable price, (2) to be involved in the development of Tavan Tolgoi project
, (3) to obtain certain volume of Tavan Tolgoi shares
, (4) to establish Japan-Mongolia Trade Corporation that aims to increase Mongolia’s coal export.
Moreover, Memorandums of Understanding on Cooperation were established between:
2. Ministry of Energy of Mongolia and Ministry of Economy, Trade and Industry of Japan in the frames of “Bilateral Offset Credit Mechanism”;
State Minister of Economy, Trade and Industry of Japan Isshu Sugawara and
Deputy Minister of Economic Development of Mongolia O.Chuluunbat