Mongolian Prime Minister Sukhbaataryn Batbold has called for boosting economic cooperation with Japan in the areas of nuclear energy and development of natural resources such as rare earth minerals, Kyodo News reported Tuesday.
Mongolian Prime Minister Sukhbaataryn Batbold has called for boosting
economic cooperation with
Japan
in
the areas of nuclear energy and development of natural resources such as rare
earth minerals, Kyodo News reported Tuesday.
In a recent interview with Kyodo News, Batbold said he plans to visit
Japan
in
March and expressed eagerness to forge cooperation with
Japan
as
Mongolia
,
which also has rich uranium reserves, plans to build its first nuclear power
plant.
"Japan possesses high technology in the peaceful use of nuclear power and
has lessons from Fukushima," he said, referring to Japan's recovery from a
deadly accident at the Fukushima Daiichi nuclear power plant in the wake of a
massive earthquake and tsunami in March last year.
The two governments are arranging a trip by Batbold to
Japan
from
March 10 to 15, including a meeting with Prime Minister Yoshihiko Noda, as part
of events to commemorate the 40th anniversary of the establishment of
diplomatic relations between the two countries.
Batbold expressed willingness to start negotiations with
Japan
on an
economic partnership agreement, which is broader than a free trade agreement as
it covers elimination of tariffs plus liberalization of investment, protection
of intellectual property rights and free movement of labor.
Japan and Mongolia had planned to enter EPA talks in spring last year, but the
plan was postponed due to the disaster in the Fukushima plant and political
impasse that led to the resignation of Noda's predecessor, Naoto Kan.
"I would like to make an EPA one of key agenda items" in a meeting
with Noda, Batbold said.
"I expect bilateral investment to double in three to four years after an
EPA takes effect," he said.
If realized, it would be the first EPA Mongolia has concluded with another
country.
Mongolia
also
has no FTA with another country.
"
Mongolia
is
rich in resources and
Japan
has
high technology. There are many areas of cooperation for mutual benefit,"
the prime minister said.
"We would like to see an introduction of cutting-edge technology from
Japan
,"
he said, urging Japanese companies to invest in
Mongolia
in
areas such as manufacturing and infrastructure building.
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