1 US-MONGOLIA 'THIRD NEIGHBOR TRADE ACT' ON THE WAY WWW.THEDIPLOMAT.COM PUBLISHED:2018/11/17      2 CHINA'S FIGHT AGAINST SMOG MAKES PALLADIUM 2018'S BEST METAL WWW.MINING.COM PUBLISHED:2018/11/17      3 MILLENNIUM CHALLENGE CORPORATION PRESENTS GMS LICENSES WWW.MONTSAME.MN PUBLISHED:2018/11/17      4 MONGOLIA CALLS FOR GLOBAL ATTENTION ON CLIMATE CHANGE WWW.NEWS.MN PUBLISHED:2018/11/17      5 ADB OPENS A NEW WASTEWATER TREATMENT PLANT IN ARVAIKHEER, MONGOLIA WWW.AGENPARL.EU PUBLISHED:2018/11/17      6 CHINA TO BOOST COOPERATION WITH INDIA, MONGOLIA: DEFENSE MINISTER WWW.GLOBALTIMES.CN PUBLISHED:2018/11/17      7 DEATH ON MONGOLIA’S ‘COAL ROAD’ WWW.NEWS.MN PUBLISHED:2018/11/17      8 MONGOLIA SHAKEN BY WIDENING LOAN SCANDAL WWW.ASIA.NIKKEI.COM PUBLISHED:2018/11/17      9 MONGOLIA’S UNEMPLOYMENT FALLS BY 2.2 PERCENT WWW.NEWS.MN PUBLISHED:2018/11/16      10 MEETING MEAT DEMAND: MONGOLIA TO TRADE 17.9 PERCENT OF LIVESTOCK WWW.NEWS.MN PUBLISHED:2018/11/16      БНСУ-ЫН АЖ АХУЙН НЭГЖҮҮДИЙН АУТСОРСИНГ ЗАХИАЛГЫГ ГҮЙЦЭТГЭХ ЗАЛУУЧУУДЫГ СОНГОН, ШАЛГАРУУЛНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/11/17     НҮҮРСНИЙ ЭКСПОРТ 10 ХУВИАР ӨСӨЖ, 31.3 САЯ ТОНН БОЛОВ WWW.GOGO.MN НИЙТЭЛСЭН:2018/11/17     СУДАЛГААГААР ЖДҮ ЭРХЛЭГЧИД ЗЭЭЛИЙН ХҮҮНИЙ ЗАРДАЛ ХАМГИЙН ИХ ХҮНДРЭЛ УЧРУУЛДАГ ГЭЖ ХАРИУЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ERDENE RESOURCE DEVELOPMENT: ХАЙГУУЛЫН ЗАРДАЛ III УЛИРАЛД 42 ХУВИАР БУУРСАН WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/17     ГОРХИ, ТЭРЭЛЖИЙН БАЙГАЛИЙН БОХИРДОЛД АНХААРАЛ ХАНДУУЛЖ ЭХЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     ИРЭХ БААСАН ГАРАГТ ХОТЫН ДАРГЫГ ОГЦРУУЛАХ ЭСЭХИЙГ ХЭЛЭЛЦЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/11/17     “АМГАЛАН” ХОТХОНД БАЙРЛАХ ГЭРТЭЭ КАННАБИС ТАРЬЖ, УРГУУЛЖ БАЙСАН ТУРК ИРГЭНИЙГ БАРИВЧИЛЖЭЭ WWW.MEDEE.MN НИЙТЭЛСЭН:2018/11/17     ӨНӨӨДӨР АВТОМАШИНЫ ДУГААРЫН ХЯЗГААРЛАЛТ ҮЙЛЧЛЭХГҮЙ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/17     ГАШУУНСУХАЙТЫН НҮҮРСТЭЙ МАШИНЫ ЦУВАА 120 КМ БОЛЖЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2018/11/16     ТАТВАРЫН ОРЛОГО 32.2 ХУВИАР ӨСӨЖ, ТӨСВИЙН ТЭНЦЭЛ 341.9 ТЭРБУМ ТӨГРӨГИЙН АШИГТАЙ ГАРЛАА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/11/16    

Events

Name organizer Where
Frontier's "Invest Mongolia Tokyo 2018" Frontier Securities Tokyo Japan
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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Putin wants Russia's economy growing faster than global average www.rt.com

The growth rates of the Russian economy should exceed global figures, which is the basic condition for a breakthrough, Russian President Vladimir Putin said in his address to the Federal Assembly.

“Increasing the country's economic potential is the main source of additional resources. For this we need an economy with growth rates exceeding the global level,” he said. “This isn't just a wish, but a basic condition for a breakthrough in resolving social, infrastructure, defense and other tasks.”

An increase of the gross domestic product (GDP) per capita by 1.6 times by mid-2020 is one of the key tasks, according to the president.

“This is a very challenging task but I am confident that we are ready to solve it.”

Putin also stressed the necessity to reduce the public sector’s share of the economy.

“To let the economy work at full capacity, the business climate must be improved dramatically, with the highest level of business freedom and competition.”

The president set a goal to cut poverty minimum in half in the next six years, saying the well-being of Russians and their families should be the top priority.

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US's trade spat with China escalates www.nhk.or.jp

The US Trump administration says China is not playing fair and is threatening to do whatever it takes to protect the free market system.

The comments appear in a document issued by the United States Trade Representative. The annual report says, "China has a statist economic model with a large and growing government role."

It says, "China is free to pursue whatever trade policy it prefers," but that the United States is also "free to respond."

The report warns the US government will "use all available tools to discourage China" from "undermining true market competition."

The US has repeatedly accused China of overproducing steel and infringing intellectual property rights

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Trump says U.S. to impose tariffs on steel, aluminum imports www.xinhuanet.com

WASHINGTON, March 1 (Xinhua) -- U.S. President Donald Trump said here on Thursday he would impose tariffs on imports of steel and aluminum, in a move he said would protect U.S. industry, but which experts said could hurt U.S. producers and face legal challenges from trade partners.

The United States is set to impose 25 percent of tariff on steel imports products and 10 percent on aluminum, Trump said after a meeting with business executives at the White House.

"We'll be signing it next week. And you'll have protection for a long time in a while," said Trump.

News of the tariffs immediately hit sentiment on the Wall Street, with the Dow slumping over 500 points, more than 2 percent, in late trading.

In response, Canadian Trade Minister Francois-Philippe Champagne said that any U.S. tariff or quota imposed on Canada's steel industry would be "unacceptable."

Daniel Ikenson, a senior fellow at the Cato Institute, said on Thursday that trade restrictions could hurt U.S. producers by exposing them to competitions from foreign rivals with lower production costs capable of offering lower prices in the U.S. market.

U.S. actions would face legal challenge by other World Trade Organization members, and they would also invite other members to invoke national security to protect favored industries, said Ikenson.

European Union (EU)'s trade chief Cecilia Malmstrom has said that the EU would seek retaliation measures if the Trump administration's 232 trade investigation brings damage to European steelmakers.

It's still unknown whether Trump's announcement on Thursday refers to blanket tariffs for all countries.

In April last year, Trump ordered the Commerce Department to study the impact of steel and aluminum imports on national security under seldom-used section 232 of the 1962 Trade Expansion Act.

Two weeks ago, the Commerce Department unveiled its recommendations for Trump to restrict imports of steel and aluminium products due to national security concerns, which drew oppositions from U.S. lawmakers and businesses.

According to recommendations by the Commerce Department, the United States could introduce at least 24 percent tariff on all steel imports from all countries and at least 7.7 percent tariff on all aluminium imports from all countries.

Trump's announcement was higher than both recommendations.

Wendy Cutler, former Acting Deputy U.S. Trade Representative and now vice president at the Asia Society Policy Institute, said "the imposition of tariffs on steel and aluminum will also reverberate throughout the U.S. economy and possibly negate some of the benefits of the recent tax cuts."

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Web platform provides information on Mongolian small-scale mining www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Mining and the Swiss Agency for Development and Cooperation launched web platform ‘Artisanal and Small Scale Mining Knowledge Hub' on March 1.

The web platform was created with aims to introduce good example of artisanal and small scale mining in Mongolia and contribute to promote it. Moreover, the web platform is suitable to store, share and receive information.

Opening the ceremony, State Secretary of the Ministry of Mining and Heavy Industry G.Nandinjargal said that the Mongolian government has been taking certain measures to create legal environment for Mongolian artisanal and small-scale mining, and to regulate it in the frames of the law. In accordance with the Government Resolution No. 151 issued in 2017, revised regulations on Mineral extraction of artisanal and small-scale mining was approved. He noted it is now possible to get information about legal acts through the web platform, adding that engagement of artisanal and small scale mining operators, researchers and the public and their initiatives are significant to develop the web platform further.

Afterwards, Deputy Director for the Swiss Agency for Development Cooperation (SDC) in Mongolia Ilaria Dali emphasized that the Swiss Agency for Development and Cooperation has been supporting Mongolia to overcome the challenges in artisanal and small scale mining sector and widely introduce international good practices of artisanal and small mining.
E.Altanzul

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Erdenes TT to register shareholders www.news.mn

On 1 March, the executive board of Erdenes Tavan Tolgoi JSC decided to register Mongolian citizens who own its 1072 shares. The registration will open possibilities for people to trade their shares.

Mongolian citizens who were born before 2011 currently own 1072 shares in the company. According to the 2009 Human Development Fund Law, the company distributed its shares to all citizens.

Revenue at Erdenes Tavan Tolgoi JSC reached MNT 438 billion in 2017. This enabled the company to fully repay its debts to China's Chalco and the remaining USD 50 million debt owed to the Development Bank of Mongolia.

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Mongolia, Russia agree to expand cooperation www.xinhuanet.com

ULAN BATOR, March 1 (Xinhua) -- Mongolia and Russia agreed to expand cooperation in trade, economy, education, health, social protection and sports, Mongolia's Foreign Affairs Ministry said Thursday.

The agreement was reached during the 21st Meeting of the Mongolia-Russia Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation, which was held on Feb. 26-28 in Moscow.

The meeting was co-chaired by Ulziisaikhan Enkhtuvshin, deputy prime minister of Mongolia, and Sergey Donskoy, minister of natural resources and ecology of the Russian Federation.

The two sides exchanged views on a wide range of issues on bilateral relations and cooperation.

During the meeting, the Nuclear Energy Commission of Mongolia and ROSATOM, the State Atomic Energy Corporation of the Russian Federation, signed a memorandum of understanding to cooperate on the establishment of a Nuclear Science and Technology center.

The 22nd intergovernmental commission's meeting will be held in Ulan Bator in the second half of next year.

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Bitcoin climbs to $11,000 as China opens new battlefront against cryptocurrencies www.rt.com

Led by bitcoin, the entire market of digital currencies has continued its steady ascent over the last 24 hours. Worries about China’s probable blocking access to overseas exchanges for its crypto investors have been shrugged off.

Bitcoin, the world’s top virtual currency, was trading above $10,600 at 10:00 GMT, retreating from a peak of $11,090 reached earlier in the day. The surge followed a sharp plunge in the entire market on Monday after US-based exchange Coinbase informed nearly 13,000 of its users that it had to hand over their data to the US Internal Revenue Service.

Chinese financial authorities are set to bar local investors from trading virtual assets on exchanges abroad, according to unnamed sources familiar with the issue as quoted by Bloomberg. The regulators are reportedly planning to look over the bank and online-payment accounts of Chinese firms and individuals suspected of facilitating offshore cryptocurrency exchanges.

The step is reportedly aimed at blocking the remaining ways for Chinese citizens to buy virtual currencies. The country, once the world’s most active for cryptocurrency trading, prohibited trading of bitcoin and other digital currencies on domestic exchanges last year. Since then, the regulators have progressed to blocking access to platforms that provide exchange-like services.

Last year, South Korea announced tougher steps towards cryptocurrency trading in the country. The measures, designed to curb speculation and illicit activities, included taxing cryptocurrency exchanges and banning them from issuing new trading accounts.

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Mongolia Jan coal exports up 28.81% MoM www.sxcoal.com

Coal-rich Mongolia exported 3.63 million tonnes of coal in January, up 28.81% from December and 38.13% from the year-ago level, showed data from the Mineral Resources Authority of Mongolia.

Exports of washed coking coal decreased 22.94% from a month earlier to 227,400 tonnes in January, and that of raw coking coal up 83.78% month on month to 1.46 million tonnes.

The country exported 935,100 tonnes of thermal coal in the month, flat month on month.

In the month, Mongolia produced 3.84 million tonnes of coal, down 29.23% year on year but up 8.3% from the preceding month.

In 2017, the country's coal output increased by 32.72% from 2016 to 47.10 million tonnes.

In January, Mongolia sold a total of 4.31 million tonnes of coal, rising 25.26% from the month-ago level, with domestic sales rising 46.9% from December to 680,100 tonnes.

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Mongolia protests to Japan over vulgar manga picture mocking Genghis Khan www.newsonjapan.com

Mongolia lodged a diplomatic protest with Japan on Friday after a monthly kid’s comic magazine included a picture of national hero Genghis Khan with a crude sketch of male genitalia across his forehead.
The comic's publisher, Shogakukan Inc., apologized Friday evening in a meeting with Dambadarjaa Batjargal, the charge d'affaires at Mongolia's embassy in Tokyo.

In an earlier protest lodged with the Japanese Foreign Ministry, the embassy said the cartoon "lacks respect for the Mongolian people."

"We deeply apologize for causing offense to all those who revere Genghis Khan," Shogakukan said in a statement on its website.

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Export opportunity opens as Russia agrees to offer www.gogo.mn

Dmitry Medvedev, the Prime Minister of the Russian Federation, issued an order last week, in which he assigned the Russian Minister of Transport to sign Agreement between the Governments of Mongolia and Russian Federation on Terms for Railway Transit Transportation, permitting to amend without changing the fundamental character on behalf of the Russian Government.

With the agreement, the interested parties agreed that it was necessary to create favourable conditions for trade of goods and services based on parity and creation of long-term mechanisms of mutually beneficial cooperation on freight transportation of foreign trade.

The agreement will create favorable conditions for transit freights, such as flexible tariff policy, between the two countries. On this note, the parties are obliged to strengthen competitiveness by providing long-term flexible tariff compared to other trade routes; creating conditions for easing border checkpoint procedures on transit freights; stimulating growth of freight volumes; providing balance of volume growth of freights and infrastructure development of railway transportation; and creating conditions for Mongolian exporters to be involved in maritime transport without obstacles.

In its third clause, the agreement states that the parties will enjoy tariffs established under international contracts, to which both countries are a signatory.

The agreement clause 5 states that for the development of transit potentials, the parties shall provide realization of measures on modernization of infrastructure of Ulaanbaatar Railway JSC through competent and authorized bodies of the parties.

The draft states that the agreement term will be effective for 25 years.

The draft of the Agreement was prepared by the Mongolian side and was presented to the Russian side in the end of last year. Previously, Battulga Khaltmaa, the President of Mongolia, expressed his intention to export Tavan Tolgoi coal to third markets during the third annual Eastern Economic Forum which was held in Vladivostok, Russia, in September 2017.

Oyunbayar. N

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