Arya News - The agreements aim to strengthen business ties between the two sister cities – increasing import and export trade, and creating opportunities for mutually beneficial cooperation.
ULAANBAATAR – Businesses from Ulaanbaatar and Hohhot signed memorandums of understanding and cooperation agreements worth approximately MNT 20 billion at an economic promotion event held to mark the 35th anniversary of the sister-city relationship between the two cities.
The event brought together domestic manufacturers, entrepreneurs, and business representatives from Ulaanbaatar and Hohhot, located in China’s Inner Mongolia Autonomous Region.
The agreements aim to strengthen business ties between the two cities, increase import and export trade, and create opportunities for mutually beneficial cooperation.
More than 40 enterprises from Hohhot and 28 from Ulaanbaatar participated in the event. An exhibition was also held featuring products made from local raw materials that reflect Mongolia’s distinctive characteristics.
Participants noted that the event marked an important step toward strengthening the two cities’ 35-year friendship through practical economic cooperation, while opening up new markets, partnerships, and business opportunities.