China changed the rules of trade turnover with Mongolia on the backdrop of the diplomatic scandal caused a two-day visit to Ulan Bator, the spiritual leader of Tibet the Dalai Lama last week.

The Dalai Lama, reminds Reuters, revered as a spiritual leader in the predominantly Buddhist Mongolia, but China considers him a dangerous separatist and warned his neighbors that the visit could harm bilateral relations.

Sanctions can affect the operation of upstream oil and coal in Mongolia, which is owned by Chinese consortia are under development. In addition, on the border between the Autonomous region of the PRC Inner Mongolia and Mongolia introduced an additional transit tax of 10 yuan (1.45 dollars) from the vehicle and 8 yuan per ton for all goods. For precious metals in the copper concentrate for the sum more than 10 thousand yuan per ton exporters will have to pay 0.2% of the total cost of the goods. The new rules came into force Thursday, December 1.

Independent analyst, mining from Ulan Bator Dale Choi believes that the checkpoint Gashuun Sukhait 900 daily inbound trucks and delivery of copper concentrate to China up to 133 thousand tons per month.

The Dalai Lama fled Tibet after a failed uprising against Chinese rule in 1959. Beijing regards him as a separatist, although he insists he is only seeking genuine autonomy for his homeland, which Chinese troops “peacefully liberated” in 1950.

Last week, the Chinese foreign Ministry representative Geng Shuang reminded that China has many times voiced their position regarding the Dalai Lama. And Mongolia, according to him, it is now necessary to “take effective measures to eliminate the negative consequences of the visit”.

According to Reuters, a diplomatic row erupted at a moment when the government suffered from the crisis, Mongolia is desperately trying to shape the development of economic relations with the powerful neighbor to the South and use Chinese investment for its key mining and infrastructure projects.

The China customs have imposed sanctions against Mongolia after the visit of the Dalai Lama in Ulan Bator 01.12.2016

Share this news

Share to Google Plus
Share to LiveJournal