At 11 a.m. on October 31, 2021, under the coordination of the Mongolian National Chamber of Commerce and Industry, Lin Zhuoyan, President of the Asia Pacific region of the Global Outlets Alliance, led a team to visit the Mongolian Embassy in China, and the two sides held detailed consultations on matters related to the construction of major projects of the "China Mongolia Free Trade Zone", it is scheduled to sign an investment cooperation agreement with the National Development Bureau of Mongolia during the visit to China in the Winter Olympic Games by His Excellency Ukhnaagiin Khurelsuh, the President of Mongolia. , Mr. Barrel Tuvshin, Mongolian Ambassador to China, , Mr. Batzul Ayushsuren, commercial counsellor, and Mr. Dashtseren Temmulen, commercial representative; Wu Houjian, chief consultant of the representative office of the National Chamber of Industry and Commerce of Mongolia in China; Lin Zhuoyan, chairman of the Asia Pacific region of the Global Outlets Alliance; Dong Bin, chairman of the board of directors of Outlets Holdings Co., Ltd.; Hu Shilin, chairman of Outlets Asset Management Group, Fan Ruyi, executive director of Outlets Holding Co., Ltd. and Xie Yixin, special adviser of Outlets Holding Co., Ltd. attended the meeting.
First of all, Mr. Barrel Tuvshin , Mongolian Ambassador to China, extended a warm welcome to Chairman Lin Zhuoyan and his delegation. He said that Mongolia has a vast territory, is the second largest landlocked country after Kazakhstan, and is rich in mineral and biological resources. However, Mongolia's economic development has been affected by factors such as large capital gap, single economic structure and backward infrastructure, so it is difficult to break through the bottleneck of economic development. The state government actively encourages foreign investment and calls on domestic enterprises to vigorously carry out international exchanges and cooperation. China is Mongolia's largest trading partner. As permanent neighbors, China and Mongolia have achieved all-round development in their comprehensive strategic partnership with the joint efforts of the two peoples. At present, both countries are at a critical stage of fighting the epidemic, ensuring people's livelihood and developing economy. Strengthening exchanges and cooperation between the two sides is beneficial to both countries. We attach great importance to China's partners and look forward to the investment and development of excellent Chinese enterprises in Mongolia. We will provide a number of preferential policies for investment enterprises. Outlets Holding Co., Ltd. is a world-famous enterprise. Outlets' business model is popular all over the world. The Mongolian government has always hoped that Outlets can settle in Mongolia. After the signing of the investment agreement, both parties will give full play to their own resources and advantages, make every effort to create a good business environment for the development and construction of the cooperative project, and provide more perfect services for the investment and development of the project.
Mr. Lin Zhuoyan, President of the Asia Pacific region of the Global Outlets Alliance, said that he is very honored to meet with Mr. Ambassador on behalf of the Global Outlets Alliance. China and Mongolia are the largest economic partners of the countries along “Belt and Road”. The two countries have very close economic ties. In recent years, the good neighborly partnership between China and Mongolia has developed smoothly, and the fields of bilateral economic and trade cooperation are constantly expanding. At this time, standing at a new historical starting point, seizing the great opportunity for the development of China Mongolia relations and accelerating the development of business exchanges and blending between the two countries are also what we most want to see. In the construction and operation of the “China Mongolia Free Trade Zone” project, as an important industry organization in the world, the Global Outlets Alliance will do its best to give full play to its brand advantages and resource advantages to assist the two countries to do a good job in the project. At the same time, it will also introduce the global development of Outlets, focusing on the fact that Outlets still maintained a strong growth momentum against the background of the global economic downturn and made remarkable achievements in investment, operation and other aspects. Nowadays, Outlets' industrial format has extended from luxury goods to daily necessities, including upstream and downstream industries. At present, it has created a strong and stable business ecosystem.
Digital economy has changed the development of the times. Ten years ago, we realized the advent of the new economic era such as informatization and e-commerce, and began to study the model of industrial innovation and sustainable development of outlets. We, together with Outlets Group, brands and operators, based on the traditional industrial model of outlets, Gradually build a new business model - Neoole. After nearly a decade of efforts, Outlets Group officially launched the "Neoole" model in China in 2020, which has been highly valued and favored by local governments. When talking about the “China Mongolia Free Trade Zone” project, Chairman Lin Zhuoyan further said that the projects of "Ulaanbaatar China Mongolia Free Trade Zone" and "Caofeidian China Mongolia Free Trade Zone" to be built by both sides this time contain very rich business forms, including the contents of traditional outlets and Neoole, as well as more characteristic commodities and business forms of China and Mongolia, It adds more rich, diverse and multi category products and formats to the project. At the same time, give full play to the greater advantages of "Neoole" in the field of digital economy, and effectively improve the innovation ability, internationalization level and platform enterprise leadership of the project in the development of digital economy through the combination of online and offline. It strives to help create new advantages in the digital economy, continue to build a strong driving force for China Mongolia cooperation and improve the people's livelihood and well-being of China and Mongolia.
Mr. Dong Bin, chairman of the board of directors of Outlets Holdings Co., Ltd., expressed his gratitude to Mr. Ambassador for his high praise to Outlets. We are very honored to carry out business cooperation with your country. Outlets Group will apply "Neoole, new business format and new model" to cooperation projects, give full play to its advantages in global brand resources, industrial resources, industrial investment, developed and operated projects, and bring new vitality to the project construction of “China Mongolia Free Trade Zone”, jointly promote a new pattern of smart life and build a world-class international commodity trade gathering platform. Then he introduces the main ideas on the development of key projects of "China Mongolia Free Trade Zone". He said that the "Ulaanbaatar China Mongolia Free Trade Zone" and "Caofeidian China Mongolia Free Trade Zone" projects will take green ecology, low-carbon and environmental protection as the construction concept, and build online "block-chain cross-border trade platform" and "block-chain cross-border e-commerce platform" based on "industrial digitization" in stages with the help of 5G, big data, artificial intelligence and other emerging technologies "Global famous products centralized purchase center", "China Mongolia commodity trade distribution base", "China Mongolia commodity exhibition and marketing service base", "China Mongolia brand e-commerce base", "China Mongolia online stars live broadcasting center", "China Mongolia characteristic food gathering place", "the most characteristic brand culture theme hotel", "intelligent service management center", "international warehousing and logistics center" "financial settlement and service center", "talent incubation and training center" and "complete new city supporting center"
The construction of “China Mongolia Free Trade Zone” in Caofeidian, Hebei Province, will realize the "engine" functions of Beijing and Tianjin as two major international consumption cities. It plays a leading role and fully radiates Henan, Shanxi, Shandong, Inner Mongolia and other provinces and autonomous regions. “Ulaanbaatar China Mongolia Free Trade Zone” can greatly promote the economic and trade development of Mongolia, but also radiate the surrounding countries of Mongolia, such as Russia, Siberia, Kazakhstan, Uzbekistan, Turkmenistan and Kyrgyzstan, so as to attract surrounding consumer groups to come to the project for tourism consumption. He also said that the two sides will adhere to the “Principle of Joint Consultation, Joint Construction and Sharing”, send staff to each other to set up working groups, actively create favorable conditions and comprehensively promote cooperation. At the same time, we will actively make use of the potential and opportunities of project cooperation to provide a broader international trade platform and build a more convenient business environment for all types of enterprises in China and Mongolia international trade channels, through trade facilitation, provide effective support for the upgrading of relevant industries of the two countries and make positive and outstanding contributions to the rapid growth of trade volume between China and Mongolia.
Finally, Mr. Barrel Tuvshin, Mongolian ambassador to China, once again expressed firm confidence in the in-depth cooperation and driving roles for the future cooperation projects between China and Mongolia. He strongly believes that the "China Mongolia Free Trade Zone" will be completed and put into operation as soon as possible with the efforts of all parties, so as to make positive contributions to the deepening development of China Mongolia economic and trade. It will inject new impetus into the development of China Mongolia relations. At the same time, we look forward to successfully signing an investment cooperation agreement with the National Development Bureau of Mongolia during the visit of H.E Ukhnaagiin Khurelsuh, the President of Mongolia to China.
