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Mongolia, Japan launch Economic Partnership Agreement talks

Xinhua | 2012-6-4

Mongolia, Japan launch Economic Partnership Agreement talks

ULAN BATOR, June 4 (Xinhua) — Mongolia and Japan launched the first round of negotiations for an Economic Partnership Agreement (EPA) on Monday.

During the four-day talks, the two countries will discuss issues relating to trade in goods and services, rules of origin, customs procedures and investment.

Mongolian Foreign Minister Gombojav Zandanshatar said at the opening of the negotiations that Japan has been the largest provider of development assistance to Mongolia since the 1990s, and is also a major trading partner of Mongolia.

He stressed that concluding an EPA with Japan is one of the top priorities in bilateral relations, saying that by doing so Mongolia is seeking to boost greater economic integration between the two economies.

Shinichi Nishimiya, deputy foreign minister of Japan, said Japanese companies are increasingly interested in investing in Mongolia.

Nishimiya expressed the hope that the two countries would further strengthen bilateral cooperation in trade and investment through the establishment of an EPA.

 source: Xinhua