|“Doing business with Mongolia”, “UK Investors show” бизнес хөтөлбөр March 27-April 02. 2019 ЛОНДОН ХОТ, ИХ БРИТАНИ||Mongolian Business Database||London UK|
|SYMPOSIUM ON GLOBAL MARKETS Nationalism and Protectionism: The United States in the International Arena June 17-18, 2019 The Center for American and International Law Plano, Texas, USA||The Center for American and International Law (CAILAW)||Plano Texas June 17-18 2019|
|"Open to Export" ICC WTO International business award||ICC WTO||London|
Ulaanbaatar /MONTSAME/ Foreign Minister D.Tsogtbaatar on December 11, met with Beate Trankmann, United Nations (UN) Resident Coordinator and UN Development Programme (UNDP) Resident Representative in Mongolia.
At the meeting, the sides exchanged information and views on Mongolia-UN cooperation, especially some changes brought by the repositioning of the UN Development System and further plan of action.
Under the UN General Assembly (UNGA)’s resolution on the repositioning of the UN Development System, functions of the UN resident coordinator are being separated from those of the UNDP resident representative. Thus, Ms. Beate Trankmann will be working as UN Resident Coordinator ad interim until the appointment of a new resident coordinator.
The Foreign Minister noted the Government of Mongolia will endeavor to be understanding towards and support the changes effected by the above mentioned reform.
Japan may be taking sides with US in trade war against China, halts purchases of Huawei & ZTE tech www.rt.com
Tokyo has announced plans to halt government purchases of Huawei and ZTE network equipment, citing security issues. The claims come amid a brewing diplomatic row over the Huawei CEO detained by Canada at Washington’s request.
Japanese central government ministries and the Self-Defense Forces have reportedly received procurement guidelines that effectively ban the offices from buying telecommunications equipment, servers and personal computers from Chinese telecom giants. The new rules will come into effect in 2019, after a training period.
The decision was reportedly made after communication with the US on a wide range of issues, including cybersecurity, according to Japan’s chief government spokesman, Yoshihide Suga.
Later, Japanese media agency Kyodo News reported that the country’s big three telecom operators are planning to stop using network equipment from China’s Huawei and ZTE.
The ban came after Huawei’s expulsion from the US market followed by Washington’s allies, including Australia, New Zealand and Britain, making moves to restrict the Chinese telecom giants’ businesses. The restrictive measures were taken due to the company’s alleged ties to the Chinese government and concerns over spying.
Earlier this month, Canadian authorities arrested Meng Wanzhou, the global chief financial officer at Huawei Technologies, at the request of US authorities. The top executive faces possible extradition to the US for allegedly breaking a trade embargo with Iran.
China has never heard of any country having a security problem with Huawei, according to the Foreign Ministry spokesman Lu Kang who called for equal conditions for Chinese companies abroad.
“Chinese enterprises operating in Japan under any circumstances cannot become a target for discrimination,” the spokesman said. “We demand that Japan provide Chinese corporations with transparent, equal and nondiscriminatory conditions.”
Huawei stock has plunged over 13 percent since Washington started using the Chinese corporation as a tool in a trade war against Beijing.
G.Zandanshatar meets country representatives of World Bank and Asian Development Bank www.montsame.mn
Ulaanbaatar/MONTSAME/ Last Friday, G.Zandanshatar, Chief of the Cabinet Secretariat of Government, met with Jean-Pascal N.Nganou, World Bank’s Acting Country Manager and Senior Economist for Mongolia.
“Since Mongolia’s involvement in the Extended Fund Facility arrangement of the International Monetary Fund, there have been certain outcomes, such as growing economy, increasing investment and decreasing budget deficiency," noted Mr. Zandanshatar.
“It is paying an attention on further diversification of economy and export increase of products such as wool, cashmere, meat and meat products. Moreover, it works to improve management and organization of its Development Bank in line with the international standards within the project ‘Strengthening Fiscal and Financial Stability,” he added.
In turn, World Bank’s Acting Country Manager commended about effective outcomes of actions being carried out by Mongolian government and expressed his commitment to cooperate with Mongolia.
The same day, Mr. Zandanshatar met with Asian Development Bank’s Country Director in Mongolia Ms.Yolanda Fernandez Lommen.
At the meeting, Mr. Zandanshatar said that the government approved its three pillar development policy and within this framework, it is paying great attention on public service and economic reforms, which are showing certain achievements. To make its mining-based economy into multi-pillared, the government is taking all necessary measures to foster exports of agriculture-originated products.
“For instance, progress has been made in talks to export cashmere and woven products to the USA tax free and prioritize exporting meat and meat products and leather items to other countries. Even the Development Bank is required to operate for promoting export; thus we have a request to the ADB to share its experience in improving banking management and organization and render technical assistance,” said Mr. Zandanshatar.
In response, Ms. Yolanda Fernandez Lommen expressed she is satisfied with close cooperation with Mongolian government and effective results. She also informed that in partnership with Erdenes Mongol LLC, the ADB is implementing projects including ‘Strengthening Institutional Framework and Management Capacity’ and aimag and soum development and Ulaanbaatar Green Affordable Housing and Resilient Urban Renewal Sector Project will be soon launched.
Ms. Yolanda expressed the ADB's readiness to collaborate for improving management capacity of the Development Bank.
One of the world’s largest silver producing countries, China, has announced the discovery of a huge deposit with estimated reserves of at least 1,500 tons.
The deposit was discovered by geologists in Henan Province. It is part of the Zhonghe deposit area, which boasts 280,000 tons of lead and 320,000 tons of zinc, according to the Henan Bureau of Geo-exploration and Mineral Development.
Earlier, a large silver deposit with reserves of 2,661 tons was discovered in the province’s Tongbai County.
A recent report by the US-based Silver Institute said that China will play a major role in the global silver market for years to come, both as an industrial user and a silver miner. The report called China by far the largest consumer of silver globally, accounting for 18 percent of global fabrication demand in recent years. It said that China is the third-largest silver-producing country, as well as a key nation for processing primary raw materials from around the world.
Last year, Beijing announced discovery of its largest gold deposit with a $22 billion potential. The Xiling gold seam in eastern China was more than 2,000 meters long and 67 meters wide. At full capacity, the mine could produce gold for 40 years, scientists said.
China only began releasing its mine supply information in 2000, and the sector has grown faster than any other nation since.
New York (CNN Business)A Chinese court has banned the sale and import of most iPhone models in a stunning decision amid the trade war between the United States and China.
The ban does not cover the new iPhone XS, iPhone XS Plus or iPhone XR, which were not yet available when Qualcomm filed its lawsuit. The phones covered by the ban make up about 10% to 15% of current iPhone sales in China, according to Daniel Ives, analyst at Wedbush Securities.
The court granted a pair of preliminary injunctions requested by Qualcomm, an American microchip maker. Qualcomm claims that Apple violates two of its patents in the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X. The patents allow people to edit and resize photos on a phone and to manage apps by using a touchscreen, according to Qualcomm.
The practical effect of the injunction is not yet clear. The ruling was announced publicly Monday but put into effect last week, but Apple said in a statement that all iPhone models remain available in China.
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"If Apple is violating the orders, Qualcomm will seek enforcement of the orders through enforcement tribunals that are part of the Chinese court system," Don Rosenberg, general counsel for Qualcomm, said in a statement.
Apple accused Qualcomm of playing dirty tricks, including asserting a patent that had already been invalidated by international courts, and other patents that it had never before used. Apple said it will pursue a legal response in court.
"Qualcomm's effort to ban our products is another desperate move by a company whose illegal practices are under investigation by regulators around the world," Apple said.
Apple on Monday filed a request for the court to reconsider its decision. Qualcomm applauded the ruling, saying Apple owes it money for using its technology.
"We deeply value our relationships with customers, rarely resorting to the courts for assistance, but we also have an abiding belief in the need to protect intellectual property rights," Don Rosenberg, general counsel for Qualcomm, said in a statement. "Apple continues to benefit from our intellectual property while refusing to compensate us."
Investors were mostly unmoved. Apple's (AAPL) stock closed up nearly 1% Monday. Qualcomm's (QCOM) stock rose 2%.
Shock ruling adds to threat of trade war escalation
The ruling was a surprise. Product injunctions are rarely granted, and China was widely expected to reject Qualcomm's request for a ban.
Although it's impossible to know whether politics played a part in the decision, China and the United States are embroiled in a tit-for-tat trade war that threatens to boil over. Technology is at the heart of the clash between the two countries.
Days after President Donald Trump and President Xi Jinping agreed on a 90-day trade truce, Canada announced that it is holding for extradition to the US the chief financial officer of Huawei, China's biggest telecommunications company. A bail hearing for the Huawei CFO, Meng Wanzhou, continues Monday.
If the countries can't come to terms on a lasting agreement by the end of the 90-day window, Trump has threatened to impose tariffs on essentially all Chinese exports to the United States that are not already subject to import taxes.
Global battle between tech giants
Apple and Qualcomm are suing one another in courts across the world. Billions of dollars are at stake, and each side has claimed some victories.
In 2017, Apple sued Qualcomm for $1 billion after the chipmaker stopped paying for the exclusive right to put its chips in iPhones. Qualcomm withheld its payments after the European Union began investigating them. The EU ultimately deemed the payments illegal, and In January 2018, the European Commission ordered Qualcomm to pay a $1.2 billion fine over the issue.
Apple and Qualcomm are also suing one another in several separate patent disputes. Qualcomm has asked a US federal judge to ban the sale of iPhones in one case. In June, a judge in the International Trade Commission found that Apple had violated one of Qualcomm's patents related to battery-saving technology.
In July, Qualcomm said Apple would no longer include its modems in iPhones. Qualcomm cut its profit forecast after the announcement.
Ulaanbaatar /MONTSAME/ The Mongolian National Chamber of Commerce and Industry (MNCCI) was awarded with the ISO 9001:2015 certification, certified by SGS company on December 6. Present at the ceremony were Foreign Minister D.Tsogtbaatar, Head of the Mongolian Agency for Standardization and Metrology (MASM) G.Gantumur, Board Members of MNCCI, businesspeople as well as executives and all staff of the national chamber. SGS is a multinational company headquartered in Geneva, Switzerland which provides inspection, verification, testing and certification services. It has 840 branches and over 320 laboratories in some 140 countries worldwide.
As an organization that makes business environment favorable and provides business advocacy, MNCCI has been working towards introducing quality management system to companies and making business people understand the system’s value since 2006. Between 2009 and 2012, the national chamber implemented consulting and training programs in 18 companies, of which four have introduced ISO 9001 standards to their operations and certified by national and international organizations. In 2015, a working group on introduction of quality management system was set up at MNCCI and began introducing the standard to its operation step by step with involvement of all executives and staff.
Japanese prosecutors have charged former Nissan chairman Carlos Ghosn with financial misconduct, Japanese media report.
He was arrested in November on accusations he under-reported his salary and used company assets for personal use.
Mr Ghosn, who headed an alliance of Renault, Nissan and Mitsubishi, has previously denied the allegations.
Media reports suggested he could be re-arrested on a separate charge.
That would see him detained for another 20 days for questioning.
On Monday, he was charged with making a mis-statement on Nissan's annual securities report.
Brazil-born Mr Ghosn, aged 64, was the architect of the Renault-Nissan alliance, and brought Mitsubishi on board in 2016. He has in the past been hailed a hero in Japan for turning around the ailing Nissan.
Nissan and and Mitsubishi both sacked Mr Ghosn as chairman after the arrest last month.
Renault said at the time Mr Ghosn would remain as its chairman and chief executive, but has appointed a temporary deputy chief executive to take over the running of the firm.
Despite selling fewer vehicles, Renault has a 43% shareholding in Nissan, while Nissan's stake in Renault is only 15%.
Nissan holds a 34% stake in Mitsubishi, but has effective control of the company.
Ulaanbaatar /MONTSAME/ The 16th consultative meeting between the Ministries of Foreign Affairs of Mongolia and the Russian Federation was held in Moscow on December 7.
The delegations were led by L.Munkhtushig, Acting Head of the Consular Department of the Ministry of Foreign Affairs of Mongolia, and N.M.Latynov, Deputy Head of the Consular Department of the MFA of Russia respectively. Representatives of Mongolian Embassy in Russia, Consulates General in Ulan-Ude, Irkutsk and Kyzyl were present at the meeting.
During the consultative meeting, the parties assessed bilateral relations and cooperation, exchanging views on the matters of protecting citizens' interests including elimination of barriers related to the entry of foreign nationals and permits to reside in the two countries, and agreed to take appropriate actions on those matters.
Ulaanbaatar /MONTSAME/ Prime Minister U.Khurelsukh is to pay a visit to Japan on December 12-16. This year, the Government head visited the Republic of Korea, the People’s Republic of China and the United States of America.
During the visit, Prime Minister U.Khurelsukh will sign agreements targeted to strengthening relations and cooperation as well as enhancing social and economic ties between the two countries.
It is worth noting that Foreign Minister D.Tsogtbaatar made a visit to Japan this February and during the visit, the Foreign Minister of Japan informed him that the Government of Japan decided to develop a Master Plan for value-added production development in Mongolia’s agricultural sector.
The Chinese Foreign Ministry is summoning the US and Canadian ambassadors in protest over the detention of a Huawei executive in Vancouver, describing it as "lawless" and "extremely vicious."
The tech giant's chief financial officer, Meng Wanzhou, was arrested December 1 and faces extradition to the United States, where she is accused of helping Huawei circumvent US sanctions on Iran.
In a statement on Sunday, China's vice minister of foreign affairs, Le Yucheng, said the US ambassador to China, Terry Branstad, is being summoned over Beijing's "strong protest against the US's unreasonable direction to Canada of detaining the Huawei executive." Le said China would like the United States to revoke the arrest warrant against Meng and allow her to be freed.
In a statement Saturday summoning Canadian Ambassador to China John McCallum, Le said Meng's arrest "severely violated the Chinese citizen's legal and legitimate rights and interests, it is lawless, reasonless and ruthless, and it is extremely vicious."
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The statement also warned Canada of "serious consequences" if it doesn't release Meng.
China strongly urges Canada to "release the detainee immediately and earnestly protest the person's legal and legitimate rights and interests, otherwise it will definitely have serious consequences, and the Canadian side will have to bear the full responsibility for it," Le said in the statement.
Meng is believed to have helped Huawei circumvent US sanctions on Iran by telling financial institutions that a Huawei subsidiary was a separate company, Canadian prosecutors said at a hearing Friday to determine whether Meng should be released on bail.
Her lawyer said that she has ties to Canada and is not a flight risk. The judge, after hearing arguments from Meng's lawyer and prosecutors, did not rule on bail. The hearing will resume Monday at 1 p.m. ET.
Previously, details surrounding why Meng, 46, had been detained were limited due to a press ban. A judge had accepted Meng's request to bar both police and prosecutors from releasing information about the case prior to the hearing. The ban was lifted on Friday.
A judge in the US District Court for the Eastern District of New York issued a warrant for Meng's arrest on August 22, it was revealed at the hearing Friday. She was arrested on December 1.
Earlier this week, Huawei said Meng was detained by Canadian authorities on behalf of the United States when she was transferring flights in Canada.
In a statement after Friday's hearing in Canada, Huawei said: "We will continue to follow the bail hearing on Monday. We have every confidence that the Canadian and US legal systems will reach the right conclusion."
The company has said it was "not aware of any wrongdoing by Ms. Meng" and that it "complies with all applicable laws and regulations where it operates."
In addition to her role as CFO, Meng serves as deputy chairwoman of Huawei's board. She is the daughter of Huawei's founder, Ren Zhengfei.
Meng's attorney said she would not breach a court order because doing so would embarrass her personally, and would also humiliate her father, Huawei and China itself. He added that the case against Meng had not been fully laid out, even though the US had signed off on her arrest warrant months ago.
"This isn't some last minute thing," he said.
Meng did everything she could to be transparent with Huawei's banking partners, and the company always worked to ensure its compliance with sanctions law, her lawyer continued.
Arrest came as US and China reached trade truce
Huawei is one of the world's biggest makers of smartphones and networking equipment and one of China's best-known companies. It is central to the country's ambitions to become a tech superpower.
But concerns that Huawei devices pose national security risks have hurt its ability to grow abroad.
The company has been repeatedly singled out by officials in the United States. US intelligence agencies have said American citizens shouldn't use Huawei phones, and US government agencies are banned from buying the company's equipment.
Huawei is a "bad actor," White House trade adviser Peter Navarro told CNN on Friday.
Navarro admitted that is was "unusual" that Meng's arrest came just as US President Donald Trump and Chinese President Xi Jinping reached a trade truce in Argentina, but said the government's actions are "legitimate."
"Let's look at what the indictment says and let the [Justice Department] do its thing," he said.