1 MONGOLIA-CHINA AGREE TO COLLABORATE IN INCREASING MEAT EXPORT WWW.MONTSAME.MN PUBLISHED:2018/09/21      2 U.S. AND MONGOLIA SEEK TO STRENGTHEN ECONOMIC RELATIONSHIP WWW.STRTRADE.COM PUBLISHED:2018/09/21      3 MONGOLIA, U.S. LEADERS DISCUSS BILATERAL TIES WWW.XINHUANET.COM PUBLISHED:2018/09/21      4 BELT AND ROAD SIGNIFICANT TO MONGOLIA, PEOPLE AROUND WORLD -- ACADEMIC WWW.ENG.YIDAIYILU.GOV.CN PUBLISHED:2018/09/21      5 PETRO MATAD UPDATES MONGOLIA EXPLORATION WWW.OGJ.COM PUBLISHED:2018/09/21      6 RIO TINTO’S EXIT FROM COAL PAYS OFF, TO RETURN $3.2B FROM SALES PROCEEDS TO SHAREHOLDERS WWW.MINING.COM PUBLISHED:2018/09/21      7 OPENING CEREMONY OF SAINSHAND SALKHIN PARK HELD WWW.MONTSAME.MN PUBLISHED:2018/09/21      8 ALIBABA’S MA SAYS TRUMP’S TRADE WAR ‘DESTROYED’ HIS PROMISE TO CREATE JOBS FOR 1MN AMERICANS WWW.RT.COM  PUBLISHED:2018/09/21      9 LEGAL DISPUTE OVER EMC OWNERSHIP COMES TO AN END WWW.ZGM.MN PUBLISHED:2018/09/20      10 ERDENES TAVAN TOLGOI REVENUE SURGES DUE TO HIGHER COAL PRICES WWW.NEWS.MN PUBLISHED:2018/09/20      НУРАХ ДӨХСӨН БАЙРУУДЫГ ШИНЭЧЛЭХ КОМПАНИ ОЛДОХГҮЙ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛС ВАШИНГТОН, ПЁНЬЯНЫ ХЭЛЭЛЦЭЭРТ ЗУУЧЛАХАД БЭЛЭН ГЭДГЭЭ ЗАРЛАЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УЛСЫН ХЭМЖЭЭНД 85.3 МЯНГАН ТОНН ТӨМС ХУРААН АВААД БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/21     ЗГ: БУЦАЛТГҮЙ ТУСЛАМЖИЙГ УСНЫ НӨӨЦИЙГ САЙЖРУУЛАХ, ХЭРЭГЛЭСЭН УСЫГ БУЦААН АШИГЛАХАД ЗАРЦУУЛНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     ҮСХ: УЛААНБААТАРТ АЖИЛЛАГЧДЫН САРЫН ДУНДАЖ ЦАЛИН УЛСЫН ДУНДЖААС 121.7 МЯНГАН ТӨГРӨГӨӨР ИХ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/21     МОНГОЛ УЛСЫН ИХ ХУРАЛ, ЕВРОПЫН ПАРЛАМЕНТ ХООРОНДЫН XII УУЛЗАЛТААР ХАМТАРСАН МЭДЭГДЭЛ ГАРГАЛАА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/21     ТӨРИЙН АЛБАНЫ УДИРДАХ АЖИЛТНЫ УЛСЫН ЗӨВЛӨГӨӨН БОЛЖ БАЙНА WWW.UNUUDUR.MN НИЙТЭЛСЭН:2018/09/21     2019 ОНЫГ МОНГОЛ, АМЕРИКИЙН ЗАЛУУЧУУДЫН ЖИЛ БОЛГОНО WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/21     УУРХАЙЧДЫН АЖЛЫН БАЙР НЭМЭГДЭЖ, ЦАЛИН ӨСЧ БАЙНА WWW.GOGO.MN НИЙТЭЛСЭН:2018/09/20     “ЭРДЭНЭТ”-ИЙН 49 ХУВИЙН ӨМЧЛӨЛ ТОЙРСОН ХУУЛЬ ЗҮЙН МАРГААН ЭЦЭС БОЛЛОО WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/20    

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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Orkhon aimag proposes to export meat and meat products to Hungary www.monstame.mn

Orkhon /MONTSAME/ On June 13, Deputy Governor of Orkhon aimag S.Batjargal, Head of the Governor’s Office D.Soyolchkhuu met Ambassador of Hungary to Mongolia Mihaly Galosfai.

Deputy Governor S.Batjargal expressed thanks to the Ambassador for meeting to exchange views on cooperation in social and economic spheres, restoring established relations between Orkhon aimag and Szekesfehervar city of Hungary and put proposals to collaborate in processing leather and hide, establishing a joint factory as well as exporting meat and meat products to Hungary.

"Agriculture sector has well developed in Hungary, so it is possible to cooperate in meat processing, supplying equipment and facilities, introducing and using new technologies. Also some 100 people are possible to be involved in student exchange programs, and bachelor, master and doctoral level trainings in Hungary," said the Ambassador.

Orkhon aimag and Szekesfehervar city of Hungary established a memorandum of cooperation of ‘Partner Cities’ to cooperate in economy, health and tourism sectors in 2008.

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Proposed oil, gas pipelines from Russia to China via Mongolia www.internationalfinance.com

A recent meeting between Vladimir Putin, President of the People’s Republic of China Xi Jinping and President of Mongolia Khaltmaagiin Battulga took place in Qingdao.

During the meeting, Russian President Vladimir Putin said Moscow supports Mongolia’s plan to build oil and gas pipelines from Russia to China via Mongolia. According to the Kremlin press release, Putin said: “Our states are building cooperation in developing a modern transport infrastructure. As I said at the bilateral meeting before, last year, the volume of container traffic on the China−Mongolia−Russia route to Europe increased 2.7 times, and by almost four times in the first quarter of this year.

“We plan to upgrade the Ulaanbaatar Russian−Mongolian railway and adjacent sections. We are developing an upgrade project for this railway through 2030. The first stage spanning 2018–2020 will receive $260 million in investment.

“In 2016, we signed a trilateral intergovernmental agreement on cooperation in motor transportation. Russia ratified the agreement last year. We hope that our friends will do their part soon.

“We are starting to work together to remove excessive administrative barriers to provide an uninterrupted flow of transit trade. To this end we have to ensure full implementation of the 2016 agreement on mutual recognition of the results of customs control inspections.

“As Mr Chairman just said, the introduction of the electronic information exchange system envisaged by the agreement has already substantially expedited the process of customs clearance at the border.

“We have good opportunities for interaction in energy. Our Mongolian partners have proposed oil and gas pipelines from Russia to China across their territory. Generally, we are supportive, this is a good idea. But of course, as always, thorough feasibility studies need to be carried out.

“Close interregional links play a special role in the cooperation between our states. For several years now border cooperation forums have been held involving Russia’s Trans-Baikal Territory, the Inner Mongolia autonomous region in China and the border areas of Mongolia.

“We believe it is important to step up the efforts to promote three-way cooperation in tourism. In this context I would like to mention the proposal to form a cross-border “Tea Road” that would link these regions in Russia, China and Mongolia.”

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Mongolian herders looking for new ways of reach markets www.asianews.it

Ulaanbaatar (AsiaNews/Agencies) – The Global Agenda for Sustainable Livestock (GASL) is currently underway in Mongolia (11-15 June) with the participation of 120 experts from 34 countries.

The topics covered are: food and food security, means of subsistence and growth, animal health and welfare, climate and the use of natural resources.

In Mongolia, 40 per cent of the population is lives off the land. The livestock industry has been the main source of income for its people for centuries.

Herding has contributed significantly to economic growth in the country over the past 25 years.

During this period, the GDP tripled, thanks also to the mining sector, and livestock contributes 15 per cent of GDP. Livestock numbers have reached 66 million in a country of three million people.

However, in recent years, pasture quality and productivity have dropped, both for environmental factors (climate) and the aging livestock. For this reason, the Mongolian Livestock programme was launched.

The plan aims to protect breeder and livestock, with an eye towards protecting biodiversity, wildlife and landscape. Another important goal is better communication between herders and markets.

Under a plan called Industrialisation 21:100, about a hundred processing plants are in the works in 21 provinces to treat meat, milk and wool and provide better access to markets.

In a letter, Munkhnasan Tsevegmed, Minister of Food, Agriculture and Light Industry writes that the government is “working to improve access to markets, both domestic and international.”

He acknowledges that Mongolia is also not alone. In fact, the UN’s Food and Agriculture Organisation is lending a hand to set up “disease-free zones for beef and lamb”.

To this effect, a Mongolian delegation travelled to Botswana and Namibia “to learn from their experiences of opening up meat exports to the European Union.”

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Japan, N.Korea officials meet briefly in Mongolia www.nhk.or.jp

Japan's Foreign Ministry says one of its senior officials has briefly talked in Mongolia with the head of a North Korean government-affiliated body.

The ministry says Asian and Oceanian Affairs Bureau Deputy Director-General Fumio Shimizu conversed with the chief of the North's Disarmament and Peace Institute. They met on the sidelines of an international conference on security issues in Northeast Asia.

The ministry says Shimizu conveyed to the North Korean side Japan's basic stance that Pyongyang must return all Japanese nationals abducted by its agents.

Shimizu is also believed to have told the North Korean side that Japanese Prime Minister Shinzo Abe is willing to resolve the abduction issue through direct talks with North Korea.

A similar brief conversation between officials of the 2 countries took place at last year's session of the security conference. At that time, the Japanese side demanded that the North abandon its nuclear and missile programs and allow the abductees to return home.

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Livestock sector accounts for 15 percent of Mongolia’s GDP www.news.mn

Over the past 25 years, Mongolia’s GDP has tripled, poverty has fallen and education has improved, allowing us to become a middle-income country. This is due, in part, to the livestock sector – one of our oldest economic sectors – which contributes around 15 percent of gross domestic product, and still holds untapped potential.

But climate change, urban migration and barriers to export have created new challenges. Mongolia needs a long-term strategy to properly capitalise on opportunities for growth.

Hosting this year’s meeting of the Global Agenda for Sustainable Livestock (GASL), in Ulaanbaatar from 11-15June, is an important moment for Mongolia and its move towards sustainable herding.

Livestock numbers have surpassed 65 million but pasture quality – and productivity – has suffered. To rejuvenate animal farming for the millions of nomadic families trying to uphold their way of life requires commitment to greater sustainability.

To ensure continued prosperity and growth, the Mongolian Agenda for Sustainable Livestock, supported by the GASL, has been established. This has the aim of introducing sustainable development principles for livestock and herders.

Meanwhile, the Mongolian Livestock programme sets out specific environmental standards widely accepted by scientists. This includes laws to protect our rangelands as well as biodiversity, wildlife and landscape features. A healthy environment means healthy animals and healthy incomes. The initiative is also working to improve access to markets, both domestic and international.

Under the “Industrialisation 21:100” programme to establish 100 processing plants in 21 provinces for products including meat, milk and cashmere, herders will be able to better access markets. Finally, competing on an international level also means meeting international standards, and this means ensuring the safety of the produce.

Mongolia plans to set up a general veterinary authority and produce livestock vaccines to help improve health and safety in the livestock and livestock products sector.

Meanwhile, the UN’s Food and Agriculture Organisation is helping to establish disease-free zones for beef and lamb. A government delegation has visited Botswana and Namibia to learn from their experiences of opening up meat exports to the European Union.

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EU project supports non-mining product export through trade discount system www.montsame.mn

Ulaanbaatar /MONTSAME/ Advisory day for private enterprises which are supplying products to the European Union countries or plan to make export was held today at the Mongolian National Chamber of Commerce and Industry (MNCCI).

The event was organized for the first time under the EU Trade Related Assistance to Mongolia (TRAM) project with the support of EU. Over 200 representatives of public and private sector, universities and institutes attended the event. Moreover, domestic producers have displayed their products to the EU countries during the event.

President of the MNCCI M.Oyunchimeg and Ambassador of the European Union to Mongolia Traian Hristea delivered opening speeches. Director of the Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs V.Enkhbold and EU TRAM project leader Ms. Carmen Fratita also attended the event.
In 2017, Mongolia exported products to 19 out of 28 EU countries using General Scheme of Preferences (GSP) trade discount system with USD 687 thousand tax credit. Director of the Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs V.Enkhbold emphasized the potential for further export increase.

The EU TRAM project being implemented between 2017 and 2021 with funding of EUR 5 million is aimed at promoting economic growth and reducing poverty by increasing foreign trade and product types.

Ambassador of the European Union to Mongolia Traian Hristea said that the TRAM project will focus on promotion of exports of Mongolia and usage of the GSP system. He also said “In addition to increasing the export of non-mining products,we’ll focus on the participation of employed women and creation of new jobs. This project is beneficial for small and medium-sized businesses, especially those producing value-added products. In this way, we hope that the quality and quantity of export products will increase.”

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Mongolia aims to earn $1 billion from tourism by 2020 www.akipress.com

AKIPRESS.COM - Mongolia has set a goal of hosting one million foreign tourists and earning one billion U.S. dollars in 2020, said the country's environment and tourism minister on Wednesday.

"We have to increase the number of tourists by 30 percent per year in the coming years to reach this goal," Namsrai Tserenbat said, Xinhua reported.

"We are working to develop tourism products, better services and tourism safety plans," the minister said.

Mongolia received over 470,000 overseas tourists in 2017, up from 16 percent year on year, and earned over 400 million dollars, up 20 percent from the previous year.

The landlocked Asian country has been making more efforts to develop the tourism sector in a bid to diversify its mining-dependent economy.

The country has declared 2018 as a tourism year.

Recently, Mongolia launched a hotline service for foreign visitors, providing information on popular destinations, ongoing events across the country and emergency help.

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Erdene Becomes First Cross-Listed Company on the Mongolian Stock Exchange, Closes an Oversubscribed Financing www.erdene.com

Halifax, Nova Scotia – June 14, 2018 – Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce that it has launched a secondary listing of its common shares on the Mongolian Stock Exchange (“MSE”) and closed the associated offering of 4,000,000 common shares to Mongolian residents (“Mongolia Offering”). The Company’s common shares issued under the Mongolia Offering will commence trading under the symbol “ERDN” on the MSE on or about June 19, 2018, as the first cross-listed and currently only precious metals exploration and development company listed on the MSE. “The Government of Mongolia has long expressed interest in having international investors list their mining and exploration projects on the MSE as a means to develop its capital market while providing shared benefits to local investors,” said Peter Akerley, President and CEO of Erdene. “Our listing is the result of two years of active collaboration with the Government of Mongolia to develop the necessary framework to accommodate cross listing of companies that are listed on international exchanges. Today we have added a significant number of new Mongolian shareholders to Erdene by way of our offering in Mongolia and MSE listing. The high level of investor and public interest in this offering has only strengthened our belief in the important role the local capital markets have in financing mineral exploration and development opportunities.” “We would like to welcome Erdene on the Mongolian Stock Exchange as the first cross-listed company in Mongolia,” said Altai Khangai, the CEO of the MSE. “This opens tremendous opportunity for the Company to connect with its stakeholders in the country.” Mr. Sumiyabazar Dolgorsuren, Mongolia’s Minister of Mining and Heavy Industry, added: “Erdene Resource Development is the first to cross list its shares in Mongolia, and we are grateful that mining companies are looking to be transparent and open to the Mongolian public.”

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Mongolian explorer raises £13.7m through share placing www.energyvoice.com

Mongolian oil explorer Petro Matad has raised £13.7 million through the placing of 136m shares.

The new shares represent 26.05% of the company’s existing capital.

Mike Buck, chief executive of London-listed Petro Matad, said: “We are now well capitalised to execute a six well exploration drilling programme during an active and exciting 12 month period.

“This is the most significant exploration campaign in Mongolia for a number of years and I look forward to reporting on its progress once it kicks off in July 2018 with the spudding of the Snow Leopard-1 well.”

The update sent Petro Matad’s shares down 13.62% in early trading.

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Toyota to invest $1 billion in Southeast Asian ride-hailing firm Grab www.reuters.com

SINGAPORE (Reuters) - Toyota Motor Corp (7203.T) has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round, which was launched after it bought the regional business of Uber Technologies Inc [UBER.UL].

The investment by Toyota is the largest-ever by an automaker in the global ride-hailing sector, the six-year old start-up said in a statement on Wednesday.

It is also the latest collaboration between a global vehicle maker and a technology firm as ride-hailing companies dominate the fast-growing field of mobility services, raising the risk of a future where car ownership declines in favor of such services.

Japan’s SoftBank Group Corp (9984.T) last month announced it would invest $2.25 billion in the Cruise autonomous vehicle unit of General Motors Co (GM.N), while Fiat Chrysler Automobiles NV (FCHA.MI) and Jaguar Land Rover Automotive PLC [TAMOJL.UL] have agreed to supply vehicles for Alphabet Inc’s (GOOGL.O) self-driving car subsidiary Waymo.

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