Cooperation Between Chinese and Mongolian Youth Entrepreneurs Makes Steady Progress

Updated: 2023-07-04

During a China-Mongolia trade and economic cooperation forum held on June 29, Nuclear Five Valve Group Co., Ltd. from China signed an agreement with SOKOL Co., Ltd. from Mongolia, to jointly establish Mongolia's first valve manufacturing company integrating research and development, manufacturing, sale, and technological services. Chimed Khurelbaatar, Vice-Prime Minister and Minister of Economy and Development of Mongolia, witnessed the signing ceremony.

In recent years, with the joint efforts of the China International Youth Exchange Center (CIYEC) and the Mongolian Youth Federation, the China-Mongolia youth economic and trade cooperation platform has made significant progress, and practical cooperation between the two sides has entered a period of rapid development.

Several Chinese companies have reached cooperation consensuses and signed cooperation agreements with Mongolian companies in such areas as agriculture, new materials, desertification prevention, mining and energy. These projects are successful examples of such cooperation.

Chen Peng, Deputy Director of the CIYEC, attended the event.