1 FOREIGN RELATIONS OF MONGOLIA’S ROAD TRANSPORT SECTOR BROADENING WWW.MONTSAME.MN PUBLISHED:2019/02/21      2 MONGOLIA EXPRESSES READINESS TO CONTRIBUTE TO STRENGTHENING ASIA-EUROPE COOPERATION WWW.MONTSAME.MN PUBLISHED:2019/02/21      3 OYU TOLGOI FUNDED 35.1 KM ROAD OPENS IN KHANBOGD WWW.GOGO.MN PUBLISHED:2019/02/21      4 POLYMER BITUMEN TO BE DOMESTICALLY PRODUCED WWW.MONTSAME.MN PUBLISHED:2019/02/21      5 KHURELBAATAR CHIMED: 319 ENTITIES DREW LOANS FROM TWO FUNDS WWW.ZGM.MN PUBLISHED:2019/02/21      6 CONSTRUCTION OF TAVANTOLGOI-GASHUUNSUKHAIT ROAD TO BE INTENSIFIED WWW.MONTSAME.MN PUBLISHED:2019/02/20      7 OVER 30 MEASURES PLANNED FOR REDUCTION OF ENVIRONMENTAL POLLUTION WWW.MONTSAME.MN PUBLISHED:2019/02/20      8 MONGOLIA SAYS IT EARNS OVER 169 MLN USD FROM COAL EXPORTS TO CHINA IN JAN WWW.HELLENICSHIPPINGNEWS.COM  PUBLISHED:2019/02/20      9 RUSSIA’S GAZPROM TO START CHINA GAS PIPELINE BY DECEMBER 1 WWW.RT.COM PUBLISHED:2019/02/20      10 MONGOLIA'S FOREIGN TRADE UP 41.6 PCT IN JAN. WWW.XINHUANET.COM PUBLISHED:2019/02/20      УГСАРМАЛ ОРОН СУУЦНЫ ДУЛААЛГАД ЗОРИУЛЖ 12.7 ТЭРБУМ ТӨГРӨГИЙГ УЛСЫН ТӨСВӨӨС ГАРГАХААР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/21     2018ОНД ЦАГААН БУДАА , ЭЛСЭН ЧИХЭР , ТАХИАНЫ МАХНЫ ИМПОРТ 24-32 ХУВИАР ӨСЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ДЦС IV: 2018 ОНД НИЙТ АШИГ 4.7 ДАХИН ӨСӨЖ , 4.48 ТЭРБУМ ТӨГРӨГ БОЛСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     ТУСГАЙ САНГУУДААС ГАРГАСАН ЗЭЭЛИЙН 100 ОРЧИМ ТЭРБУМ ТӨГРӨГ ХУГАЦАА ХЭТЭРСЭН ӨР БОЛЖЭЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/21     МОНГОЛ УЛСЫН БОРЛУУЛАЛТЫН МЕНЕЖЕРҮҮДИЙН ИНДЕКС СҮҮЛИЙН 12 САРД АНХ УДАА УНАЛТЫН БҮСЭД ШИЛЖИВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     2018 ОНД ХАМГИЙН ЧИНЭЭЛЭГ БҮЛГИЙН ХЭРЭГЛЭЭ ЯДУУ БҮЛГИЙНХНЭЭС 5.1 ДАХИН ИХ БАЙВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2019/02/21     ХОВД ГОЛД ОСОЛДСОН 6 НАСТАЙ ХҮҮХДИЙН ЭРЛИЙГ ЗОГСООЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2019/02/21     ДБНХ-НООС П.ОРХОНЫ БАРИЛДАХ ЭРХИЙГ 4 ЖИЛЭЭР ХАСАВ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2019/02/21     УУХҮЯ: II САРЫН БАЙДЛААР НИЙТ НУТАГ ДЭВСГЭРИЙН 5.6 ХУВЬД АШИГТ МАЛТМАЛЫН ЛИЦЕНЗ ОЛГОСОН WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2019/02/20     300 ОРТОЙ ТӨРӨХ ЭМНЭЛГИЙН БАРИЛГЫН АЖИЛ 80%-Д ХҮРЧ ГУРАВДУГААР САРЫН 1-НЭЭС ДУЛААНД ХОЛБОГДОХООР БОЛЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2019/02/20    

Events

Name organizer Where
“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

NEWS

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Meeting with Arancha Gonzalez, Executive Director of the International Trade Center www.president.mn

On the sidelines of the 2018 World Investment Forum taking place in Geneva, Switzerland, President of Mongolia Khaltmaagiin Battulga met Arancha Gonzalez, Executive Director of the International Trade Centre, on October 22nd.

President Battulga began the meeting by expressing gratitude to the International Trade Centre staff and Executive Director Arancha Gonzalez, emphasizing the Centre’s assistance provided to Mongolia in foreign trade and private sector development over the last two decades.

Executive Director Arancha Gonzalez appreciated her meeting the President of Mongolia and discussed the economic relations between the International Trade Centre and Mongolia, while expressing readiness to intensify the Centre’s cooperation with Mongolia and work with Mongolia in all possible areas.

President Battulga presented a proposal to collaborate with the Centre on organizing the 2020 World Export Development Forum in Mongolia, introducing Mongolian-made products to international markets through improvement of the competitiveness of SMEs, and diversifying Mongolia’s export. The President spoke about the existing opportunity to bring technology in from Europe, especially to manufacture products using raw materials of animal origin and supply them to East Asian and other markets. President Battulga also made a proposal regarding implementation of the International Trade Centre’s Women and Trade and Youth and Trade programs, which are highly important in promotion of employment and business among women and young people, in Mongolia.

At the end of the meeting, Executive Director Arancha Gonzalez informed President Battulga of her upcoming visit to Mongolia and expressed her appreciation of Mongolia’s proposal to host the 2020 World Export Development Forum.

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2019 budget plan brings attention to Future Heritage Fund www.zgm.mn

Along with the submission of the draft of 2019 State Budget, the Minister of Finance Khurelbaatar Chimed announced that the bill allocated around MNT 500 billion to the Future Heritage Fund (FHF). However, the fund, which was supposed to have over MNT 800 billion in its initial plan, is still under deficit and the fiscal plan may affect the Government’s initiative to create the treasury until 2030. Approved by the Parliament in 2016, the Law on Future Heritage Fund took effect last year. The purpose of the fund is to save certain portion of mining sector revenue to cover budget deficit and major debt repayments. Finance Minister Khurelbaatar previously announced that the fund will not be touched until 2030 with the revised plan for the fund. The FHF was previously called the Human Development Fund (HDF), which was responsible for several social welfare, such as the child money program, and had an accumulated debts of MNT 1.71 trillion by the FHF was established. The Government’s idea was to finance the fund from the State Budget in an amount equal to about 70 percent of mining revenue. Accordingly, a total of MNT 357.7 billion was allocated last year and MNT 508.7 billion is expected to be financed this year. But the balance of FHF is currently under deficit as the fund’s asset was drawn for fiscal balance and HDF debt repayments.

10 percent of FHF net profits to be drawn to budget starting from 2030
On the contrary, the budget bill expects around MNT 3 trillion from mining sector in revenue. This is around 76.4 percent higher than 2018 expectation of MNT 1.7 trillion. The draft expects to fulfill this amount by exporting 42 million tons of coal and 1.4 million tons of copper. Thus, failure to fulfill this target may affect potential financing to the fund.

According to the Ministry of Finance, the budget estimation is calculated in a triennial basis. The draft of 2019 budget bill allocated about MNT 1.1 trillion to the fund, of which MNT 600 billion will be spent to settle HDF debts and MNT 553 billion will remain in the fund according to a spokesperson of the Ministry of Finance. As for 2020, the ministry currently estimates MNT 754.5 billion financing for the fund and MNT 774.4 billion in 2021. The FHF will be financed from the State Budget until 2030 and will continue to operate as a sovereign wealth fund. The fund’s 10 percent of net profit will be drawn to the State Budget starting from 2030 according to the Law on FHF. Additionally, Finance Minister Khurelbaatar previously noted that the first MNT 500 billion will be circulated to raise fund as same as wealth funds of other countries and remarked, “We are currently studying Singaporean Temasek Holdings and Government Pension Fund of Norway.” Regarding the management, the Law on Future Heritage Fund states that a state-owned enterprise Future Heritage Fund Corporation will be responsible for the fund’s operation. A spokesperson of the Ministry of Finance informed that the ministry is currently drafting the rules and regulations of the corporation.

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Sub-regional Workshop by UNCTAD and ITTLLDC succesfully organized in Ulaanbaatar, Mongolia www.news.mn

Sub-regional Workshop on “Fostering Structural Transformation and Export Diversification in Selected Asian Landlocked Developing Countries” was jointly organized in Ulaanbaatar, Mongolia, from 16 to 17 October 2018 by the International Think Tank for Landlocked Developing Countries, UN Conference on Trade and Development and the Government of Mongolia.

During the workshop, the International Think Tank for LLDCs, in cooperation with UNCTAD, introduced research results on structural economic transformation and export diversification, which is identified as Priority 5 in the Vienna Programme of Action for LLDCs.

Government representatives from Mongolia, Lao PDR, Bhutan, Kazakhstan, Kyrgyz Republic and Uzbekistan made presentations on the challenges, policies and best practices to diversify their economies.

The outcome of the workshop will help guide trade policy formulation and implementation at the national and sub-regional levels. It will contain a synthesis of the identified areas of trade potential, local gaps and limitations, together with policy recommendations aimed at addressing the challenges facing countries of the sub-region.

The results of the workshop will also feed into the mid-term review of the implementation of the Vienna Programme of Action for LLDCs in 2019.

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B.Batzorig: Domestic need of wheat and potatoes to be fully ensured www.montsame.mn

Ulaanbaatar /MONTSAME/ The Ministry of Food, Agriculture and Light Industry reports that volume of harvest per hectare of land has been increased this year. Specifically, grain was harvested at a yield of 14 centner this year whild it was 8.48 centner last year.

At present, harvesting of grain is running at 75.3 percent and 98.8 percent for vegetables. A total of 342.1 tons of grain has been harvested from 257.1 hectares, of which 330.4 thousand tons of wheat, 160.1 thousand tons of potatoes from 12.8 thousand hectares, 91.8 thousand tons of vegetables from 8.2 thousand hectares respectively. Some 80 thousand hectares were put at risk due to continued rain from the end of July till the mid of August as well as heavy snow at the beginning and mid of September. Regarding to it, the Ministry of Food, Agriculture and Light Industry sent a request to the National Emergency Management Agency to receive green fodder in its hay and fodder reserve.

“Although several barriers occurred due to weather condition, the damage was not huge at national level. We will ensure domestic need of wheat and potatoes at 100 percent,” said Minister B.Batzorig.

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China stocks see biggest spike since 2015 www.bbc.com

One of China's leading stock indexes has had its highest daily spike in more than three years following signs that the government will step in to support battered equity markets.
 
The Shanghai Composite jumped 4.4%, putting it on track for its biggest one-day rise since September 2015.
 
The moves extend a rally that began on Friday and after investor confidence surged on assurances from Beijing.
 
Stocks had been falling as China's economic growth continued to stutter.
 
On Friday, top Chinese financial officials - including economic advisor Liu He and the heads of the securities and insurance commissions - issued a statement to buoy investor sentiment in bruised markets.
 
"The barrage of headlines from key Chinese officials on Friday was deafening and extremely co-ordinated, which has been to great effect," Pepperstone analyst Chris Weston said in a research note.
 
Over the weekend, the government published a draft of new rules for personal tax deductions, according to Reuters.
 
The moves come as the world's second largest economy faces challenges such as high debt levels and an intensifying trade war with the US.
 
Data out Friday showed the Chinese economy grew at the slowest quarterly rate since the global financial crisis.
 
More pain to come in US-China trade war
The result was also a drop from the 6.7% rate in the prior quarter, but remains in line with the government's full-year target of about 6.5%.
 
For years China has pushed to wean itself off exports and rely more on domestic consumption for growth.
 
At the same time, the government has been fighting to contain ballooning debt driven by a wave of infrastructure development and a housing bubble without hurting growth.
 
In recent months Beijing has taken steps to support its economy, including cutting capital requirements to boost liquidity and ease the slowdown.
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Japan finds itself buried in plastic waste after China stops importing world’s trash www.rt.com

Nations across the globe are beginning to suffer from waste build-up, after China stopped importing recyclable garbage this year. Japan has become the latest country reporting severe recycling industry overload.
China’s ban on imports of 24 types of solid waste materials, such as soda bottles, mixed paper, recycled steel and newsprint, has impacted the recycling chain across the globe. Japan, which last year exported about half of its 1.5 million tons of annual plastic waste, is now piled higher and deeper in its own garbage, with many local governments struggling to cope with the problem.

About a quarter of 102 local governments surveyed reported seeing accumulated plastic waste, which in some cases overreached sanitary norms, Environment Ministry data showed this week. At least 34 municipalities noted that they are failing to find new destinations to outsource their plastic after domestic costs of processing waste shot up.

China’s refusal to accept more garbage is overstretching the Japanese recycling industry, with 34.9 percent of companies limiting or considering restricting the quantities of plastics they can accept. To deal with the problem, the Japanese ministry said it will expand domestic capacity to process plastic waste. The government also wants to introduce measures to prevent illegal dumping and expand the use of bioplastics, which are biodegradable.

A similar problem was reported this weekend in the UK, which last year exported roughly two-thirds of its recyclables. The Local Government Association (LGA) blamed the Chinese ban for the change in councils’ recycling methods which are forcing the local authorities to add an extra £500,000 a year in cost. “It’s clear that the ban by China on imported waste, which could soon be implemented by other countries, could have a marked impact on councils’ ability to recycle,” said Martin Tett, environment spokesman for the LGA.

China, which over the last 25 years was taking in 45 percent of cumulative plastic imports, without a doubt made a huge impact on the global recycling system. While many Chinese companies relocated their operations to Malaysia, the Asian country does not have the capacity to replace China and this week imposed a three-month ban on imports. We "will do our very best to ensure that Malaysia not be the plastic rubbish bin of developed countries," Science, Technology and Environment and Climate Change minister Yeo Bee Yin said.

Vietnam, which once welcomed foreign shipments, is also finding it hard to cope with recyclables, imposing a temporary ban on imports between June and October. Thailand, the other world destination of plastic goods, reportedly will ban imports by 2021. The closure of Asian countries to plastic will also affect the US, which in the first six months of this year, exported its recycling to Thailand, Malaysia and Vietnam.

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German Minister of Defense pays visit to Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ German Defense Minister Ursula Gertrud von der Leyen paid a visit to Mongolia on October 20 and Deputy Prime Minister of Mongolia U.Enkhtuvshin received the Defense Minister.

Deputy PM U.Enkhtuvshin emphasized that the Federal Republic of Germany has been cooperating with Mongolia in strengthening democratic and humanist society and in all sectors such as politics, society and economy and rendering supports, noting that cooperation in defense plays an important role in Mongolia- Germany comprehensive partnership. He then expressed gratitude to the Government of the Federal Republic of Germany and the Ministry of Defense for training human resources of the Mongolian army for free and rendering non-refundable technical and equipment aids.

In her turn, German Minister Ursula Gertrud von der Leyen expressed satisfaction with the expansion of cooperation in all sectors.

She also said, “Mongolian army has been making invaluable contribution to the NATO’s Resolute Support Mission in Afghanistan. Although Mongolia’s mandate to this mission will expire soon, I have no doubt that the National Security Council of Mongolia will make decision on renewing the mandate.”

Moreover, Minister Ursula Gertrud von der Leyen pledged that Germany will further cooperate with Mongolia in directions of sciences, research and training.

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Mongolian memory athletes share secrets of success www.xinhuanet.com

ULAN BATOR, Oct. 21 (Xinhua) -- Mongolia's memory athletes have been very successful in international competitions in recent years, earning them the admiration of their fellow countrymen as well as international acclaim.

Xinhua has recently interviewed director of the Mongolian Intellectual Academy (MIA) Khandsuren Khatanbaatar and his student Enkhtuya Lkhagvadulam on secrets behind the success of Mongolia's national memory sports team.

The Mongolian team has won a total of 861 medals at 80 international competitions over the past eight years, according to the MIA.

And athlete Narmandakh Munkhshur was included in the Guinness Book of Records as the most playing cards memorized in an hour. She memorized 1,924 cards in an hour at the 2017 World Memory Championships held in Shenzhen, China, on Dec. 6-8.

The success of Mongolian memory athletes is related to many factors, said Khatanbaatar, who is known as the godfather of memory sports in Mongolia.

Observers say it can be attributed to the combination of talent and hard work.

"I have no doubt that success of our athletes is related to their IQ. Several IQ rankings have placed Mongolians in the top 10 nations," Khatanbaatar said.

He also mentioned approaches the athletes used to strengthen their concentration -- picturing themselves as world champions before every training and competition and using music alpha waves.

The MIA also contributes its due share to the success of the athletes.

"Success of our athletes is a result of good curriculum of the MIA that is suitable for characteristics of them," Khatanbaatar noted.

Established in 2010, the MIA has trained over 10,200 people in different mental sports.

Currently, the academy has five branches in the Mongolian capital Ulan Bator and each one branch in five provinces, namely Selenge, Darkhan-Uul, Orkhon, Khuvsgul and Umnugovi.

The academy aims to open its branches in remaining 16 provinces of the country to further develop mind sports and increase access to its training program within 2019.

"I am confident that there are many children in the countryside who have hidden talents. So, we aim to open our academy's branches in all provinces of the country within next year," director of the MIA said.

"Memory sports are open to everybody. It is just a method and techniques that need to be learned," he said.

Lkhagvadulam, a 16-year-old girl, is one of the best memory athletes in Mongolia. She became the world memory champion in the junior category last year.

The teenager started as a memory athlete only about three years ago.

"Now, I am preparing to participate in the 27th World Memory Championship 2018 in China's Hong Kong Special Administrative Region in December. I aim to defend my championship title and break my own world records," she said.

Currently, Mongolian athletes hold 14 out of 18 junior memory sports world records. 10 of them belong to Lkhagvadulam.

She set world records in 5 minutes binary and 10 minutes cards last year.

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Mongolia may join talks on Korean Peninsula denuclearization: Russia www.newindianexpress.com

MOSCOW: Russia thinks it is possible that Mongolia might enter the six-party talks on the Korean Peninsula denuclearization, comprising Russia, China, North and South Korea, the United States and Japan, Russian Deputy Foreign Minister Igor Morgulov said in an interview with TASS.

The restart of negotiations in this format was discussed earlier this week with the US special representative for North Korea, Steven Biegun, he said.

"We make no secret of the fact that we believe it appropriate to restart six-party negotiations. At the same time, we allow for some changes in that format," the diplomat said.

"If we speak about a mechanism of peace and security in Northeast Asia, Mongolia is located there and it is part of Northeast Asia, along with participants in the six-party talks. It cannot be ruled out that Mongolia might enter those consultations at some stage and then they could become seven-party talks," Morgulov stressed.

The senior diplomat added that Moscow was open for discussion of any options.

"The main thing is that consultations should be multilateral engaging all key actors that have real interests in the region and are motivated to maintain stability and peace," he concluded.

The six-party talks on denuclearization of the Korean Peninsula, which comprise North and South Korea, Japan, China, Russia and the United States, were suspended at Pyongyang's request in 2008.

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Mongolia seeks support for eco-city during ASEM Summit www.zgm.mn

President of Mongolia Battulga Khaltmaa has attended the 12th Asia-Europe Meeting (ASEM) Summit and held bilateral meetings with high-profile officials of ASEM members to seek support on upcoming projects including the new eco-city. At the opening of ASEM Summit, the President delivered a speech, highlighting the summit as a successful continuation of the Ulaanbaatar Summit in terms of its content, and addressed, “It has been widely comprehended and recognized that in the 21st century, every development aspect should be people-centered. Therefore, although it is important to develop mutually beneficial cooperation at all levels between Asia and Europe, I would like to emphasize the importance of promoting the people-to-people interactions and maintaining and developing the ASEM traditions that allow both cultural and business representatives to meet and develop their ties.” Later on during the first plenary session of ASEM Summit, the President stressed, “Mongolia strives to contribute to the activities and development of ASEM and on the other hand, we aim to intensify our cooperation with ASEM that has been significantly contributing to the implementation of our national development priorities.” After pointing out that Mongolia is planning to implement a number of projects within the framework of the Mongolia-Russia-China Economic Corridor program, such as conducting study on opportunities to build the natural gas pipeline from Russia to China through the Mongolian territory, and commencing the feasibility study for a Free Trade Agreement with the Eurasian Economic Union, he promoted the North East Asian Supergrid project Mongolia initiated during the Eastern Economic Forum.

President Battulga spoke about Mongolia’s opportunity to enter the enormous market of neighboring China by using German technology to process materials of animal origin and noted that the establishment of a new eco-city is one of the most important steps towards resolving a challenge Ulaanbaatar faces. The Chancellor paid close attention to the President’s proposal on establishing an eco-city and decided to send Gunther Adler, State Secretary at the Federal Ministry of the Interior, Building and Community, on a visit to Mongolia. Chancellor Angela Merkel expressed her support for the project which aims to build a satellite eco-city near Ulaanbaatar based on designs of German architects and specialists.

Prime Minister of Hungary Viktor Orban

President Battulga proposed and discussed some matters, including on building a film studio and a new eco-city in Mongolia, particularly about cooperating in urban water supply and establishing a museum for Attila. Mr. Viktor Orban suggested that the proposal can be discussed at a meeting of the two countries’ intergovernmental commission that will take place in Hungary next month.

Angela Merkel expresses support on German architecture eco-city project 
Prime Minister of the Kingdom of Norway Erna Solberg

President Battulga took interest in Norway’s wealth fund and inquired into the possibility of learning from their experience and adopting in Mongolia, as well as Norwegian technologies in manufacturing products of animal origin. Ms. Erna Solberg briefed about the functions of the wealth fund and expressed readiness to share the experience with Mongolia.

Prime Minister of the Socialist Republic of Vietnam Nguyen Xuan Phuc

Prime Minister of Vietnam spoke about the possibility of importing coal and main raw materials of textile products, including woolen threads and animal skin, from Mongolia and exporting sugar, coffee, vegetables, and fruits to Mongolia. Sides also exchanged views on the intensification of bilateral cooperation in all sectors.

Prime Minister of the Republic of Ireland Leo Eric Varadkar

President Battulga emphasized the importance of processing its raw materials of animal-origin and manufacture value-added products, given the number of Mongolia’s livestock which is nearing 80 million, for Mongolia. Sides also touched upon the development of tourism industry in Ireland. President Battulga expressed Mongolia’s interest in learning from the tourism industry experiences of Ireland which receives around 16 million tourists annually.

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