Mongolia signs MoU with visiting Japanese PM

A memorandum of understanding (MoU) on cooperation between Mongolia and Japan to build a Russia-bound railway from a large coal mine in Mongolia's Gobi desert was signed during Japanese Prime Minister Shinzo Abe's four-hour visit to the land-locked nation on Monday.

Mongolia's Foreign Minister Lundeg Purevsuren said that by December this year, Japan will complete a bankable feasibility study of building a 455-km railway from a large coal mine in Mongolia's Gobi desert to Sainshand, the Mongolian railway town along the country's only railway.

During the visit, both sides expressed their satisfaction with expanding the strategic partnership between the two countries in the political, social and economic areas and discussed technology transfer, increasing private sector cooperation and investment and developing mutually beneficial trade and economic relations.

Mongolian Parliament Speaker Zandaakhuu Enkhbold said Mongolia is interested in Japanese investment and introducing Japanese technology and know-how.

The speaker also said Mongolia would like to export its products to Japan, join the regional production network and enhance economic connectivity under the framework of the Mongolian-Japanese Economic Partnership Agreement signed earlier. Endi