The text of the following statement was released by the governments of the United States of America and Mongolia on the occasion of the annual bilateral consultations between the United States and Mongolia.
To further strengthen the strategic partnership between Mongolia and the United States, representatives of Mongolia and the United States held the 15th Annual Bilateral Consultation and the First Strategic Dialogue on August 24, 2022 in Ulaanbaatar. In this Strategic Dialogue, the two nations discussed the current state of bilateral relations, regional challenges and joint achievements on a wide range of issues.
State Secretary of the Ministry of Foreign Affairs of Mongolia Ankhbayar Nyamdorj and US Assistant Secretary of State for East Asian and Pacific Affairs Daniel J. Kritenbrink co-chaired the dialogue, which was also attended by representatives of the Ministry of Defense, Ministry of Justice and Interior, Ministry of Finance, Ministry of Energy, Ministry of Mines and Heavy industry, the National Security Council, the Bank of Mongolia, the US National Security Council, the Department of Defense, the Agency for International Development, and the Millennium Challenge Corporation.
Both Mongolia and the United States reiterated that international disputes should be resolved peacefully and with respect for the Charter of the United Nations and international law, including the principles of sovereignty and respect for the independence and territorial integrity of states, and without the threat or use of force. To this end, both nations have expressed concern over the suffering of the Ukrainian people.
The two nations also affirmed that countries around the world should work together to accelerate global post-pandemic economic recovery, including overcoming supply chain disruptions, and affirmed that the international community should unite in efforts to achieve the UN’s Sustainable Development Goals.
Noting that 2022 marks the 35th anniversary of the establishment of bilateral relations between the two countries, the governments of the United States and Mongolia reaffirmed their strong desire to upgrade the Strategic Partnership, expand relations in all areas of mutual interest, and explore opportunities for increased economic cooperation and investment through existing and new mechanisms such as the US International Development Finance Corporation. Both sides also noted with satisfaction the start of talks on the bilateral Open Skies Agreement, an important step towards the establishment of regular direct passenger flights between the two countries, further expansion of economic and people-to-people ties. The two nations also stressed the importance of improving Mongolia’s business climate, including the full implementation of the Mongolia-US agreement. Transparency Agreement to achieve higher levels of investment in Mongolia.
The two nations discussed potential cooperation on projects to advance Mongolia’s economic development and diversification, digitalization and economic independence, with a focus on renewable energy, food, digital trade and security. In particular, the two sides discussed joint development programs, including progress on the $462 million Millennium Challenge Corporation Water Compact, which will expand Ulaanbaatar’s water supply by more than 80%. Both sides committed to fully fund and support the project until its completion in 2026. The dialogue also highlighted the increasing activities of USAID, which implements projects to strengthen democracy and good governance, develop small and medium-sized enterprises, improve clean and efficient energy management, and respond to the COVID-19 pandemic. In addition, both sides celebrated the 30th anniversary of the Peace Corps in Mongolia and the return of Peace Corps volunteers this fall for the first time since the pandemic began.
Both sides welcomed successful cooperation in the field of defense and security, especially joint efforts in support of international peacekeeping operations, and expressed readiness to deepen this partnership. The two sides discussed increasing cooperation in law enforcement and U.S. efforts to strengthen the rule of law in Mongolia, including through $5 million in law enforcement and judicial capacity building, and a $5.5 million Child Protection Agreement that assists the Mongolian authorities in protecting children from abuse and human trafficking. In addition, the two sides decided to explore the possibility of a joint agreement to protect Mongolian cultural property from illegal trade and entry into the United States, and to establish law enforcement mechanisms to achieve this goal. They also discussed consular issues of mutual interest.
The two nations emphasized their shared commitment to democratic principles and individual freedoms, as well as strengthening the rule of law, establishing good governance, fighting corruption, protecting human rights and supporting freedom of religion and belief. The two nations further expressed their mutual intention to strengthen cooperation in these areas.
Mongolia and the United States have decided to hold high-level exchange of bilateral visits, and the next round of annual bilateral consultations will be held in 2023 in Washington.
How much does the US depend on China?
China’s U.S. merchandise imports totaled $434.7 billion in 2020, down 3.6 percent ($16.0 billion) from 2019, but up 19 percent from 2010. This may interest you : The Central American drug trafficker was extradited to the United States for Federal Violations. Imports from the USA increased by 325 percent compared to 2001 (before joining the WTO). US imports from China account for 18.6 percent of total US imports in 2020.
What percentage of American goods are produced in China? Over $560 billion worth of goods entered the US from China in 2018, accounting for more than 21% of the value of all goods imported by the US. In May, the US threatened additional tariffs of 25% on goods that make up $300 billion worth of annual imports.
Who does the US rely on the most?
Key export data The United States imports more than half of its total volume from five countries: China, Canada, Mexico, Japan, and Germany. Although the United States can produce the goods it imports, these exporting countries have comparative advantages.
What does the United States depend on China for?
The US depends heavily on China to provide cheap goods that allow American consumers with limited incomes to make ends meet. See the article : Boris Johnson defies calls to resign in the midst of mass exodus from his government. The US also depends on China to support its own exports; Along with Mexico and Canada, China is America’s third largest and by far the fastest growing major export market.
How important is China to the US economy?
In 2020, China was America’s largest trading partner, third largest export market, and largest source of imports. Exports to China supported an estimated 1. To see also : The United States-ASEAN relationship – United States Department of State.2 million jobs in the United States in 2019. The majority of U.S. companies operating in China reported a long-term commitment to the Chinese market.
Can the world economy survive without China?
All this suggests that this time the world could be in for a synchronized global economic recession without a buoyant Chinese economy to save it. If ever there was a need for US-led coordination of world economic policy to set the stage for an orderly global economic recovery, it must be now.
What would happen if the world stopped trading with China? Cutting off China from the US would cost America hundreds of billions of dollars, the report said. Extending US tariffs of 25% to all trade with China could cost the US $190 billion a year in GDP, according to a report released Wednesday by the American Chamber of Commerce and the Rhodium Group.
How important is China to the world economy?
Today, it is the world’s second largest economy and produces 9.3 percent of global GDP (Figure 1). China’s exports grew by 16 percent annually from 1979 to 2009. At the beginning of that period, China’s exports represented only 0.8 percent of global exports of goods and non-factor services.
Could we survive without China?
Technically, you can, but your life wouldn’t be anywhere near normal. We made it through the year mostly by luck. We didn’t need a new phone or cell phone, which, as far as I know, only come from China. Also, our coffee machine broke and we didn’t replace it because we didn’t want to buy an expensive one from Italy.
Can US survive without imports from China?
BEIJING — The United States is unlikely to survive without its trading partner China, the world’s second-largest economy, China’s top trade official said Saturday.
Did the US recognize the People’s Republic of China?
On October 1, 1949, the Chinese Communists established the People’s Republic of China (PRC) on the mainland; however, the United States refused to recognize or establish relations with the PRC.
Why did Nixon recognize the People’s Republic of China? United States President Richard Nixon’s 1972 visit to the People’s Republic of China (PRC) was an important strategic and diplomatic overture that marked the culmination of the Nixon administration’s reestablishment of harmonious relations between the United States and mainland China after years of diplomatic isolation. ..
Why did the US refuse to recognize China?
For domestic and foreign reasons, the US has argued that China is not a responsible member of the world community, and therefore does not deserve recognition. For more than two decades, the US has exerted political, economic and diplomatic pressure on the United Nations to deny the PRC the right to represent China.
Who was the first country to recognize the People’s Republic of China?
The UK was the first major Western country to recognize the PRC in 1950. In September 1972, the PRC established official diplomatic relations with Japan. In October 1972, the PRC established formal diplomatic relations with West Germany.
