1 PM U.KHURELSUKH PAYING AN OFFICIAL VISIT TO THE UNITED STATES WWW.MONTSAME.MN PUBLISHED:2018/09/18      2 ELON MUSK UNVEILS FIRST TOURIST FOR SPACEX 'MOON LOOP' WWW.BBC.COM PUBLISHED:2018/09/18      3 CHINESE DELEGATION INFORMS MONGOLIANS ON TIBET'S DEVELOPMENT WWW.XINHUANET.COM PUBLISHED:2018/09/18      4 CHINA REPORTS NEW AFRICAN SWINE FEVER OUTBREAK IN INNER MONGOLIA WWW.REUTERS.COM PUBLISHED:2018/09/18      5 MORE MONGOLIANS VISITING SOUTH KOREA FOR MEDICAL SERVICES WWW.NEWS.MN PUBLISHED:2018/09/18      6 CHINA RAILWAY TO BUILD INFRASTRUCTURE FOR RUSSIA’S FAR EAST WWW.RT.COM PUBLISHED:2018/09/18      7 MOST PROFITABLE MINING COMPANIES IN 2017 WWW.MINING.COM PUBLISHED:2018/09/18      8 MINISTRY OF ENERGY PLANS TO TAKE CONTROL OF POWER PLANTS FOLLOWING SATURDAY BLACKOUT WWW.ZGM.MN PUBLISHED:2018/09/18      9 IRRESPONSIBILITY AT WORKPLACE RESULTS IN CITYWIDE BLACKOUT WWW.ZGM.MN PUBLISHED:2018/09/17      10 SALESFORCE BILLIONAIRE MARC BENIOFF TO BUY TIME MAGAZINE WWW.BBC.COM PUBLISHED:2018/09/17      БНХАУ-ЫН 200 ТЭРБУМ АМ.ДОЛЛАРЫН ИМПОРТОД 10 ХУВИЙН ТАРИФ НОГДУУЛАХ ШИЙДВЭР ИРЭХ 7 ХОНОГООС ХЭРЭГЖИНЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2018/09/18     ӨВӨЛ ЦАХИЛГААН СААТВАЛ ХОТ ДӨРВӨН ЦАГИЙН ДОТОР Л ХӨЛДӨНӨ WWW.ZGM.MN НИЙТЭЛСЭН:2018/09/18     ИРЭХ ОНД ТӨРИЙН АЛБАН ХААГЧДЫН ЦАЛИН 20 ХУВИАР НЭМЭГДЭНЭ WWW.DNN.MN НИЙТЭЛСЭН:2018/09/18     ЕВРОПЫН СЭРГЭЭН БОСГОЛТ ХӨГЖЛИЙН БАНК ЖИЖИГ ДУНД БИЗНЕСИЙН БҮСИЙН ХӨТӨЛБӨРӨӨ МОНГОЛД ЭХЛҮҮЛЖ БАЙНА WWW.DNN.MN НИЙТЭЛСЭН:2018/09/18     ХАЙЛААР, ЧИТА, ЧОЙБАЛСАНГ ХОЛБОСОН АЯЛАЛ ЖУУЛЧЛАЛЫН КОРИДОР БАЙГУУЛНА WWW.NEWS.MN НИЙТЭЛСЭН:2018/09/18     АМ.ДОЛЛАРЫН ХАНШ 2500 ТӨГРӨГ ДАВЛАА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/18     ЗОЧЛОХ ҮЙЛЧИЛГЭЭНИЙ САЛБАРЫН 6500 ГАРУЙ БИЗНЕС ЭРХЛЭГЧ "CROCUS"-Т ЧУУЛЖ БАЙНА WWW.EAGLE.MN НИЙТЭЛСЭН:2018/09/18     ХОККАЙДО-МОНГОЛЫН ЭДИЙН ЗАСГИЙН ХАРИЛЦААГ ДЭМЖИХ НИЙГЭМЛЭГИЙН ТЭРГҮҮН ТАКЭБЭ ЦҮТОМҮТЭЙ АЯЛАЛ ЖУУЛЧЛАЛЫН АСУУДЛААР ЯРИЛЦЛАА WWW.MONTSAME.MN НИЙТЭЛСЭН:2018/09/18     УЛААНБААТАР ХОТОД САЙЖРУУЛСАН ТҮЛШ НӨӨЦЛӨХ АГУУЛАХ БАРИНА WWW.MEDEE.MN НИЙТЭЛСЭН:2018/09/17     МӨНГӨ УГААХ ГЭМТ ХЭРЭГТЭЙ ТЭМЦЭХЭД ТӨРИЙН БАЙГУУЛЛАГУУДЫН ОРОЛЦОО ЧУХАЛ WWW.IKON.MN НИЙТЭЛСЭН:2018/09/17    

Events

Name organizer Where
LONDON- “BRAND LICENSING EU 2018” БОЛОН БИЗНЕС ХӨТӨЛБӨР Oct 09-14. 2018 MBD London UK
"Open to Export" ICC WTO International business award ICC WTO London

NEWS

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India-Mongolia ties on upswing: Sushma Swaraj’s visit takes forward outreach that began with Narendra Modi's tour in 2015 www.firstpost.com

External Affairs Minister Sushma Swaraj’s visit to Mongolia from 25-26 April takes forward the outreach that began with Prime Minister Narendra Modi’s tour to Mongolia in 2015, the first visit by an Indian prime minister to the Northeast Asian country.

Swaraj will co-chair the sixth round of the India-Mongolia Joint Consultative Committee with Mongolia’s Foreign Minister Damdin Tsogtbaatar. India and Mongolia had signed a joint statement on Strategic Partnership in 2015 when Prime Minister Modi had announced a credit line of $1 billion for infrastructure development for Mongolia. Mongolia is using the credit line to build its first oil refinery. The two ministers will review the projects under implementation during their meeting.

At Ulaanbaatar, Swaraj will participate in an unusual event to commemorate a former Indian ambassador; she will deliver the keynote address at the birth centenary celebrations of the late Kushok Bakula. Venerable Kushok Bakula Rinpoche was deeply revered in Mongolia. He was credited with cementing India-Mongolia ties and helping to revive Buddhist traditions in the former communist country during an unprecedented ten-year tenure in Ulaanbataar as Indian ambassador.

The 19th Rinpoche was an unusual but brilliant choice as India’s envoy. He was a high lama of Ladakh, parliamentarian, a great scholar of Buddhist studies and activist for the interests of Ladakh. When Bakula reached Ulaanbataar in 1990, Mongolia had just become a multiparty democracy after seven decades of communist rule and Mongolian society was adjusting to the new freedoms, including religious freedom. There was a revival of interest in religion in Mongolia, but there were few religious teachers. During the communist rule, almost all traces of religion had been wiped out, Buddhist monasteries had been destroyed, ancient scriptures burnt and the monks driven away.

The Mongolians follow the same Mahayana school of Buddhism as the people of Ladakh. Bakula brought Buddhist scriptures from India and helped establish the Pethub monastery. He arranged for young monks to be sent to Sarnath in India for religious training and Buddhist scholars from India were invited to visit Mongolia. He travelled extensively through the country, visiting small communities and giving lectures and discourses. The Ladhaki high lama was venerated by ordinary Mongolians and long queues were formed for his blessings wherever he went. As India’s envoy, he worked to build up government to government relations. Even after Bakula returned to India, he retained strong ties with Mongolia till his death at the age of 87 on 6 November, 2003.

The Kushok Bakula birth centenary is being celebrated in Ulaanbataar, Ladakh and other parts of India. The Buddhist connection between India and Mongolia has been in existence for centuries. In 1978, Atal Bihari Vajpayee, the then External Affairs Minister, had said that India holds the people of Mongolia in high esteem “for preserving, in translation and in manuscript, the vast collection of precious Sanskrit text on Indian philosophy, poetry, logic and astronomy lost by India over centuries.”

Modi’s landmark visit in 2015 coincided with the 60th anniversary of the establishment of diplomatic relations, adding a new dimension to India-Mongolia ties. Six decades ago, India had been the first country outside the Soviet bloc to establish diplomatic ties with Mongolia. A few years later, India backed Mongolia’s membership in the United Nations even while Beijing and Taiwan were opposed to it.

Despite the distance between them, Mongolia considers India a “third neighbour” as well as a “spiritual neighbour”. Landlocked between two large neighbours, China on three sides and Russia on the remaining side, Mongolia seeks a balance between the two neighbours and has made close friends among some countries which are referred to as the third neighbours.

Mongolia, under its new President Khaltmaa Battulga, is keen to consolidate its relations with other friendly countries as a counterbalance to its overbearing neighbour, China. In 2016, China had imposed a blockade on the supply of essential goods to Mongolia for inviting the Dalai Lama for a religious visit to the country. The Mongolian government was forced to give assurances to Beijing that it would not allow any more visits by the Tibetan leader. China accounts for almost 70 percent of Mongolia’s foreign trade.

Mongolia has large untapped resources and mineral reserves and its government is keen to attract investment in different sectors, including mining. India-Mongolia ties have been on an upswing in the past three years. Mongolia constitutes a part of India’s Act East policy and the relationship has moved forward from a comprehensive partnership to a strategic partnership.

 
 
 
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Rewarding tariff policy through reinforcing Colorado’s partnership with Mongolia www.denverpost.com

As Washington and Wall Street grapple with the implications of a simmering China “trade war,” the United States has an opportunity to use nuanced tariff policy to reward a long-time ally and flourishing democracy in Asia: Mongolia. Colorado has a unique role to play because our state has enjoyed a long and close relationship for years.

Dozens of Mongolians — including prominent diplomats and elected officials — have studied at the Colorado School of Mines, CU-Denver, the Univ. of Denver and other excellent schools in our state. Denver is sister city to Ulaanbaatar, and the two capitals have enjoyed numerous cultural, education and trade exchanges — most recently hosting Ulaanbaatar Mayor Batbold and a dozen business-people. Aurora-based Wagner Equipment Co. was among the first foreign companies to invest in Mongolia, and it remains among the most important investors. Indeed, the United States Embassy is located on #3 Denver Street!

Before becoming a Colorado resident, employer and recently-elected member of Basalt’s Town Council, I lived and worked in Mongolia for the better part of a decade. As geopolitical tensions escalate in Asia, Coloradans can contribute directly to stronger political and economic relations with this thriving free-market democracy that will serve our state and national interests. We can reward Mongolia, a stalwart partner, and contribute to security and stability in Northeast Asia.

After China, Mongolia is the world’s largest producer of cashmere. In 2017, world cashmere production reached 20,000 tons with approximately 48 percent supplied by China and 40% by Mongolia. These fine fibers are knit and woven into luxurious products found at high-end interior design and home décor boutiques, and at ski resorts across Colorado and the Rockies.

Congress has and will continue to play a critical role in our national security and trade policy. In Colorado, we are fortunate to have focused Congressional leaders who have evidenced past support for countries committed to democratic and free-market principles.

Congressman Jared Polis authored the 2014 Nepal Trade Preference Act that was passed into law with bipartisan support to help that country recover from a devastating earthquake, while strengthening its sovereignty and economy in the shadow of China. Sen. Cory Gardner, at the confirmation hearing for Mike Pompeo, again demonstrated a keen understanding of the complexities of the region. As chair of the Subcommittee on East Asia and the Pacific, he has consistently advanced proactive and creative policy in our national interest.

The challenges Mongolia faces result from economic pressures exerted by its neighbors: Russia and China. Expanding U.S. — Mongolian trade will help the country grow its economy and, in the process, strengthen its sovereignty. It is in our interest as Americans that Mongolia remain a thriving free-market democracy in a region where it is surrounded by neighbors who have yet to embrace similar values.

The late Illinois Congressman Phil Crane, Founder of the Heritage Foundation, saw the benefits of a strong free market taking root in Mongolia. He pushed Congress to grant Mongolia “Most Favored Nation” status. Two-way trade between the United States and Mongolia soared from $9.2 million in 1992 to $707 million in 2012. At the high-water mark, U.S. exports tallied $665 million. American exports to Mongolia consistently outpace imports by a 10:1 margin. Mongolia has never erected protectionist tariffs and has welcomed American imports.

Congress is evaluating next steps following the Administration’s unilateral trade actions. Similar to the measures granted Nepal which was authored by Congressman Polis and championed by Sen. Gardner, extending trade preferences to Mongolian textiles, while nuanced and seemingly small, will demonstrate to countries across Asia that the United States is not only committed to new trade deals, but also to democracy and free market economies.

William S. Infante serves on the Basalt Town Council. With his wife, he launched Hangai Mountain Textiles headquartered in Basalt. He served in Mongolia as resident representative of the San Francisco-based Asia Foundation, and spent close to 20 years in foreign service with USAID/U.S. State Dept., and as UN Resident Coordinator (Ambassador) to Serbia.

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Invest Mongolia London, UK 2018 on June 8 www.frontier-conference.com/london/speakers/

Frontier Securities is pleased to invite you to attend Invest Mongolia London on June 8 (Friday), 2018 given the improved economic situation in Mongolia and the stronger interest to Invest in Mongolia.

Below are the topics to be discussed at the conference.

- The update of the IMF Program and the outlook of the Mongolian Economy in 2018
- The action plan of the Government in the next two years and the areas that benefit most
- The successful refinancing of the Sovereign Debt and the opportunities to invest in Corporate, Municipal and Bank Debts
- The Government plan of Privatizing SOEs and listing the shares of Erdenes Tavan Tolgoi and others to London Stock Exchange

Invest Mongolia is one the of the largest events on Mongolia, which serves as a platform of bringing in people from the Government, key industries' players, financial institutions, global investors and medias attracting more than 1000 delegates where they get a chance to talk about several socio-political and economic development throughout the year. It will be the first time for Invest Mongolia to be held in London.

This year will be particularly important to attend because ETT, the largest coal miner in Mongolia is interested in going IPO in LSE and we anticipate lots of business opportunities in the next few months between UK and Mongolia.

Therefore, we have confirmed the participation of important Government officials including Minister of Mining Sumiyabazar. So, far, we have confirmed 10 business people and 10 Government officials to attend the event. And, we expect 10-20 more to attend for the event. See the list of speakers at below.

https://frontier-conference.com/london/speakers/

So, please register online at the events via the below links. The registration is free of charge.

https://www.frontier-conference.com/london/registration/

In addition, if you want to join the below Business Tour from June 6-14 to UK hosted by Mongolian Business Database, MBD will help you to obtain UK VISA for you. The deadline of the registration for them will close on April 26 (Thursday). http://www.mongolianbusinessdatabase.com/base/eventsdetails…

Please also note that it will take about 5 weeks to obtain UK visa for Mongolians as the application of the UK visa needs to be submitted to Manila.

For the details of the visa application, please contact the link at the www.mongolianbusinessdatabase.comand/or register at contact@mongolianbusinessdatabase.com or call (+976) 9906-6062

Invest Mongolia London 2018
Organized by Frontier Securities and National Development Agency in association with Mongolian London Business Forum

Tel: +976 7575-5520
E-mail: conference@frontier.mn
Conference Website: https://frontier-conference.com/london/

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European Union and Mongolia hold 1st Joint Committee www.eeas.europa.eu

The European Union and Mongolia held their Joint Committee meeting on 23 April 2018 in Brussels. This was the first Joint Committee held since the entry into force of the EU-Mongolia Partnership and Cooperation Agreement (PCA) on 1 November 2017.

EU-Mongolia relations have progressed extremely positively in the past months, notably the establishment of the EU Delegation in Ulaanbaatar on 2 November 2017 and the aforementioned entry into force of the Partnership and Cooperation Agreement.

In the meeting, both the EU and Mongolia re-affirmed the importance of further enhancing their relations by working on an action plan for implementing the PCA. They exchanged views on regional and global issues and discussed opportunities for strengthening cooperation on connectivity issues.

The EU and Mongolia discussed further steps in assisting the Mongolian authorities in devising the Public Finance Management Trust Fund with the World Bank and the possible budget support operation if the conditions are met. The discussions also focussed on concrete ways in which the EU can support Mongolia in complying with its commitments on taxation jurisdiction. Both the EU and Mongolia agreed to explore the feasibility of setting up a joint working group on development cooperation in the course of the year.

The second EU-Mongolia Human Rights Dialogue was held back-to-back with the Joint Committee. Both sides discussed issues related to enhancing cooperation in multilateral fora. Regarding the possibility of reintroducing death penalty, the EU expressed its principled position as opposed to death penalty in all circumstances.

As is the case for all human rights dialogues, the EU met with civil society representatives ahead of the Dialogue, which contributes to a regular engagement with such groups.

The Subcommittee on Trade and Investment, held ahead of the Joint Committee on 10 April by videoconference reviewed the state of trade and economic cooperation with a focus on the diversification of Mongolia's economy. Discussions also focussed on "GSP+" implementation, investment opportunities and cooperation on raw materials. The Joint Committee was briefed on the outcomes of the discussion.

The Mongolian Delegation was headed by Mr TSOGTBAATAR Damdin, Minister of Foreign Affairs. The European Union's delegation was headed by Mr Gunnar WIEGAND, Managing Director for Asia and the Pacific at the European External Action Service.

The EU and Mongolia agreed to hold their next Joint Committee meeting in 2019 in Ulaanbaatar.

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Xi says he's looking forward to planning China-Russia ties with Putin in new era www.xinhuanet.com

BEIJING, April 23 (Xinhua) -- Chinese President Xi Jinping said Monday that he is looking forward to meeting Russian President Vladimir Putin in June and jointly planning China-Russia ties in a new era.

Xi made the remarks when meeting with Russian Foreign Minister Sergei Lavrov at the Great Hall of the People in Beijing.

Xi said he is looking forward to President Putin's China visit in June and his attendance at the Shanghai Cooperation Organization (SCO) summit in the eastern Chinese coastal city of Qingdao.

He said he hopes to boost friendship with President Putin, jointly plan China-Russia ties in a new era, and discuss the future development of the SCO together with the leaders of other SCO member countries.

Calling a high-level bilateral relationship "precious wealth of both countries," Xi said the China-Russia comprehensive strategic partnership of coordination has maintained positive development momentum.

China and Russia need to continue to give play to the guiding role of high-level exchanges in the development of bilateral ties, fully implement the consensus reached by the two heads of state, and synergize the Belt and Road Initiative and the Eurasia Economic Union, Xi said.

He also called on the two sides to enhance mutual support in international affairs, jointly uphold international law and universally recognized norms of international relations, and strengthen cooperation within the SCO, BRICS, G20 and other frameworks so as to build a new type of international relations and a community with a shared future for humanity.

"I believe that with the efforts of both sides, China-Russia ties will make new achievements," said Xi.

Lavrov said President Putin looks forward to visiting China and attending the SCO Qingdao summit.

Russia has attached great importance to the comprehensive strategic partnership of coordination with China and stands ready to further strengthen bilateral cooperation, he said.

Both Russia and China respect international law and the UN Charter, said Lavrov, adding that his country agrees that the two nations need to further enhance coordination within multilateral frameworks.

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‘Erdenes Alt Resource’ LLC founded www.montsame.mn

Ulaanbaatar/MONTSAME/ ‘Erdenes Alt Resource’ LLC was newly founded under the ownership of ‘Erdenes Mongol’ LLC for a purpose to implement actions reflected in ‘Sustainable Development Vision-2030’ and ‘Alt-2’ program of Mongolia.

D.Ariunbold, former CEO of Erdenes Tavan Tolgoi JSC, was appointed as a CEO of ‘Erdenes Alt Resource’ LLC. 
‘Erdenes Alt Resource’ LLC will operate in exploring, extracting and purifying precious metals in Mongolian territory, alongside its sales.

The company was established within the goals to execute exploration works to augment gold and silver reserve of the country, increase the volume of extraction, purify precious metals in Mongolia according to international standards, increase foreign currency reserve and raise Mongolia’s credit rating.
M.Unurzul

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Russia World Cup trophy arrives in Mongolia www.ecns.cn

The FIFA World Cup trophy arrived in Mongolia on Monday as part of the tour leading up to this year's tournament in Russia.

The 18-carat gold trophy was welcomed by Mongolian officials, including President Khaltmaa Battulga and football fans.

Ulan Bator is the 55th city visited during the tour, which is expected to travel to 91 cities in 51 countries.

The tour began last year in Russia and will conclude in Osaka, Japan, on April 30.

The trophy will be on display in Ulan Bator's Shangri-La Mall for several hours, where fans will be able to admire it and take photos.

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Dodgy dollars seized by Mongolian customs www.news.mn

A Mongolian citizen was arrested by Customs Inspectors at Chinggis Khaan International Airport after trying to smuggle some 3100 worth of fake US federal reserve notes into the country. The suspect arrived on flight ТК342 from Istanbul. The passenger, who has not yet been named, was trying to smuggle a total of 31 forged one-hundred dollar bills without notifying custom officials. The equipment for verifying whether bank notes are genuine or not quickly told the inspectors that they were indeed fakes.

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Nearly 100 foreign NGOs active in Mongolia www.news.mn

Having moved from communist state to fledgling democracy in 1990, Mongolia is still struggling against poverty to bring its society up to what it sees as Western standards.

A total of 93 international non-governmental organisations (NGOs) representing 20 countries are currently actively operating in Mongolia. According to the General Customs Administration, most of them work in the education, humantarian, enviromnental, health and agricultural sectors.

More than 100 international NGOs have set up shop in the country, with local NGOs numbering over 5,000 as of 2005. Mongolia is a large country six times the size of the UK, but with a relatively small population of just three million - not much more than Manchester!

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Central bank approves Regulation on Digital Currency www.montsame.mn

Ulaanbaatar /MONTSAME/ The Central bank of Mongolia adopted a Regulation on Digital Currency to create legal environment of coordination of digital currency and its activities which has been defined in the Law on National Payment System, and to protect customers through establishing safe and reliable digital currency system.

The regulation defines who will participate in digital currency system and how, process of getting permission, rights and duties of customers and service providers. It also expected to support further development of FinTech technology and payment system.

B.Batchimeg

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