THE OFFICE OF THE PRESIDENT OF MONGOLIA, PRESS & COMMUNICATIONS DIVISION

www.president.mn

2014-11-18




Chief of Staff P.Tsagaan Opened G7 Fast Track Partnership Conference



Today a G7 Fast Track Partnership Conference took place at the Best Western Tuushin Hotel bringing together representatives from Mongolia, Germany, Vietnam, Laos, Myanmar and Cambodia. Chief of Staff of the Office of the President P.Tsagaan delivered opening remarks at the Conference.
In his remarks, Chief of Staff Mr. Tsagaan noted: “Allow me to extend my gratitude to all the guests who have gathered here, in particular, the representatives from the South East Asia Vietnam, Laos, Myanmar and Cambodia to attend the G7 Fast Track Partnership Conference jointly organized by the Government of Mongolia, Extractive Industries Transparency Initiative and German Agency for International Cooperation / GIZ /.
German is one of the countries that extended its support to Mongolia during the transition to democracy and a market economy in 1990s. I would like to express my appreciation to Germany for choosing Mongolia as a regional partner to sharing experience and supporting countries in the South East Asia.
Mongolia’s private sector produces approximately 80 percent of the country’s GDP. Private property and private production was illegal 25 years ago. In terms of business, I think government has a very bad management. As part of the economic reforms the Government started privatizing the state-owned enterprises and we have no doubt that we made the right decision”.