What is Mongolia’s engagement policy in the Make in India campaign?

We are dependent on certain coach importation like pharmaceuticals and chemicals. India is known for its quality in these areas and is also a reliable exporter and provider of the same. So, if we could promote our trade then pharmaceuticals, chemicals and food items can also be stable items for trade. For instance, Mongolia can export good agricultural materials, readymade garments to India and India in turn can export canvas, agriculture machinery and tools.

What is the future of trade between Mongolia and India? Also, please outline the presence of Mongolia’s companies in India, and Indian companies in Mongolia…

Mongolia can export cooking coal, fluorspar, wool, copper, rare rose elements and all types of minerals which are very important in the metallurgical industry. Although there is huge geographical distance and many hindrances but Mongolia is closer to the sea port and we are the beacon of highways and railways infrastructure. The connectivity makes it easier for us to shift the goods to the sea shore then onwards to the Calcutta port. Mongolia also has an agreement with the European Union which exempts over 700 varieties of commodities from their taxes and customs duty.

There are many Indian companies in Mongolia but very few Mongolian companies in India. Also, there are few people indicating interest in setting up joint ventures and combined activities in the field of trade and economy.

Please talk us through Mongolia’s trilateral talks with Russia and China? What are Mongolia’s goals for the same?

Russia and China are the members of the United Nations Security Council and also the super powers. They also play an important role in the regional politics. Mongolia has very long border of over 400 kms with Russia and equally long border with China, it is landlocked between the two countries. So, by simplifying our custom regimes and visa systems, Mongolia looks forward to improve its exports in a great way which in turn would have a very good implication on country’s welfare. The Shanghai Corporation Organisation in the recent summit discussed building free corridors through Mongolia that would help us to make natural gas lines, electricity grids and transport corridors for both highways and railways. This initiative will also make Mongolia’s access with the international market much broader.