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



Mongolia-based organization opens to boost development of landlocked countries www.xinhuanet.com.cn

ULAN BATOR, June 11 (Xinhua) -- The first Mongolia-based international and inter-governmental organization was inaugurated here on Monday to promote development and cooperation among landlocked developing countries.

Citing the fact that landlocked countries face unique and formidable obstacles, Mongolian Deputy Prime Minister Ulziisaikhan Enkhtuvshin said at the inauguration ceremony of the International Think Tank for Landlocked Developing Countries that the organization will strengthen the collective voice of these countries in global dialogues.

According to a World Bank report, the costs of foreign trade of landlocked countries are twice as high as countries with access to the sea, Enkhtuvshin said.

Delegates from member countries including Armenia, Kazakhstan, Kyrgyzstan, Afghanistan, Laos, and Paraguay will approve the legal documents of the organization and appoint a chairman.

They are expected to discuss issues such as foreign direct investment, information and communications, technology and connectivity during a two-day meeting.



Belt and Road provides landlocked Mongolia with chance to grow www.asia.nikkei.com

TOKYO -- China's Belt and Road initiative could play an important role in accelerating Mongolia's economic growth by improving regional infrastructure, trade and investment, former Prime Minister Sukhbaatar Batbold said in an interview on Monday.

"The initiative possibly provides Mongolia with economic opportunities that could to a certain extent offset the disadvantages associated with the lack of Mongolia's access to the sea," Batbold said on the sidelines of the Future of Asia conference here.

The Mongolian government is working to build the trilateral Mongolia-Russia-China economic corridor, which includes 32 projects such as modernizing Mongolian railroads and highways to Russia and China.

The government is also pursuing a Russian-Chinese oil and gas pipeline through Mongolia. The leaders of the three countries affirmed the importance of their economic cooperation at Saturday's meeting of the Shanghai Cooperation Organization in China.

Hit hard by falling commodity prices, resource-rich Mongolia has been receiving International Monetary Fund assistance under a program that began last year.

In foreign affairs, Mongolia has a "vital interest" in security on the Korean Peninsula, said Batbold, who served as prime minister from 2009 to 2012.

"Mongolia enjoys excellent relations with all countries in the region," he added.

He discussed the diplomatic roles that Mongolia has played, such as hosting the Ulaanbaatar Dialogue, a forum for interaction among government officials and researchers in countries such as China, Russia and the Koreas. Mongolia also hosted meetings between North Korea and Japan on the issue of abducted Japanese citizens.

"I heard that Ulaanbaatar was considered as one of the prime locations for the summit between [the U.S.] President [Donald] Trump and [North Korean leader] Kim Jong Un," Batbold said. "Maybe one of the reasons was this contribution Mongolia seeks to make to peaceful solutions."



Iron ore price: Chinese imports rebound www.mining.com

China's iron ore imports bounced back in May as steel mills that were idled during the winter months as part of a government drive against pollution, hit output records.

Imports of high-grade iron ore fines and lump ore from Australia, Brazil and South Africa rose 13.5% from April to 94.14m tonnes. May 2017 imports totalled 91.52m tonnes. Cargoes for the first five months of 2018 now total 448m tonnes. Annual shipments for 2017 totalled just over 1 billion tonnes

Daily crude steel output by major steel mills hit a record 1.96 million tonnes in the first 20 days of May, according to data from China's Iron & Steel Association.

The Metal Bulletin benchmark price at the port of Qingdao for 62% Fe ore gained on Friday to trade at $67.44 a tonne, down 7.5% year to date. The gap between 62% and 58% Fe fines widened to $28.38 per tonne on Friday while 66% Fe concentrate ended the week higher at $92.79.

The strong imports have caused growing stockpiles at Chinese ports which reached new peaks last week. Inventories hit a record 162 million tonnes according to SteelHome data.

China consumes more than two-thirds of the seaborne iron ore market and produces as much steel as the rest of the world combined.



Russian trade minister talks with premier about collaboration opportunities www.theubpost.mn

Prime Minister U.Khurelsukh held a meeting with new Russian Minister of Industry and Trade Denis Manturov at the State Palace on June 7 to delve into future plans for trade and economic cooperation between Russia and Mongolia.

The prime minister expressed his satisfaction with Mongolia’s most recent successful cooperation with Russia in a wide range of issues, especially in trade and economic sectors, as trade turnover between the two countries increased by 37 percent last year compared to 2016.

He noted that as a railway transit transportation agreement between the governments of Russia and Mongolia, which aims to enhance cooperation on freight transportation trade between the two countries by promoting a flexible tariff policy for 25 years, will be signed soon, the agreement will have a significant impact on mutual trade and economic cooperation.

The main advantages of the agreement are to facilitate border checkpoint procedures on transit freight, increase freight volumes, stimulate infrastructure development of railway transport and help support Mongolian exporters to overcome maritime transport obstacles.

Prime Minister U.Khurelsukh pointed out that Mongolia is looking forward to diversifying the types of its goods being exported to Russia, increasing exports of its meat and meat products, establishing a meat processing factory that will produce products that meet Russian standards for meat imports, and collaborating with Russia to carry out a joint project in the cashmere industry.

The Russian minister emphasized that the country pays a great deal of attention on its relations and cooperation with Mongolia, especially in culture, trade and economic cooperation.

Minister Manturov stated that Mongolia is interested in exporting goods that are in demand in the Mongolian market, opening a leather processing factory in Mongolia, supplying agricultural technology and equipment, and helicopters, and collaborating with Mongolia to implement projects to increase the capacities of Thermal Power Plant No.3 and Ulaanbaatar Railway, and build a highway in Mongolia.



President addresses 18th meeting of SCO Council of Heads of member states politics www.montsame.mn

Ulaanbaatar /MONTSAME/ On June 10, President of Mongolia Kh.Battulga delivered a speech at the Plenary Session of the 18th Meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization in Qingdao, China.

Heads of state and delegation from the member states, observer states, dialogue partners and guest organizations of the Shanghai Cooperation Organization were present at the Meeting, which Mongolia attended as an observer.

In his opening remarks, President of China Xi Jinping quoted the great Chinese philosopher Confucius saying, “What a joy to have friends coming from afar!” President Xi Jinping highlighted the fact that the 2018 Summit is the first Summit since the joining of India and Pakistan as full Members and remarked on the expansion of the Organization, which has four Observer States and six Dialogue Partners.

President Battulga said in his address to the Meeting:

“Your Excellency, the Chairman of the People’s Republic of China, Mr. Xi Jinping and Your Excellencies, Heads of delegation,

Ladies and Gentlemen,

First of all, I would like to congratulate President Xi Jinping and the Government of China on the successful organization of the regular Meeting of the Council of Heads of State of the Shanghai Cooperation Organization.
Mongolia sees that the SCO, with the expansion of its activities into trade, economic, cultural, educational, scientific and humanitarian spheres in recent years, is developing as a competent regional organization in terms of its cooperation mechanism and legal framework.

Mongolia is pleased to see how the admission of India and Pakistan as Members in 2017 has broadened the SCO’s scope of operations and participation, increasing its influence and reputation in the international arena and contributing to the strengthening of regional peace, stability and cooperation in economy and all other sectors.

Let me express my full confidence that the SCO will continue to solidify its structure, refine its activities and contribute genuinely to the development of its participating countries.

Ladies and Gentlemen,

Mongolia actively pursues an open, multi-pillared, peaceful and independent foreign policy and maintains its continuity. Stable development and strengthening of the friendly relations and cooperation with Russia, China and the third neighbors is Mongolia’s foreign policy principle. We strive to engage actively and effectively in the multilateral political and economic process in the Asia-Pacific region. Mongolia attaches great significance to the SCO, which is an important channel for us to participate in the regional cooperation through, and therefore has been an active participant of its activities since 2004, when we obtained the status of an Observer State.

Mongolia considers the establishment of a cooperation mechanism between the SCO Member States, the Observer States and the Dialogue Partners to be of vital importance and believes that further actions towards this goal should be intensified. Mongolia is ready to work actively with the Member States, the Observer States and the Dialogue Partners to contribute to the growth of the SCO.

Ladies and Gentlemen,

The enrichment of cooperation between the SCO participating countries with economic content and joint solution of the social and economic barriers confronted by regional countries constitute the basic conditions for regional security and stability. Mongolia wishes to work actively in energy, infrastructure, transit transport, mining, heavy industry, agriculture and other economic spheres in cooperation with the SCO participating countries. Mongolia is also working towards cooperation with the SCO countries in areas of humanitarian cooperation, education, culture, science, health, environment, emergency management and fight against terrorism and illegal drug trafficking.

Guided by this objective, Mongolia is studying the possibility to upgrade the level of its participation in the SCO, and a discussion on this matter has been launched in the political and social circles in Mongolia.
I am fully confident that the SCO countries, especially Russia and China, will be supportive of some actions and goals such as correlating Mongolia’s ‘Development Road’ program with China’s ‘Belt and Road’ initiative and Russia’s ‘Eurasian Economic Union’ joint mechanism, implementing the Mongolia-Russia-China Economic Corridor on the Mongolian territory and improving the tripartite joint mechanism in this regard, building railway, road and natural gas and oil pipelines through the Mongolian territory, facilitating trade and removing tariff and non-tariff barriers. Furthermore, we hope that You will support Mongolia’s joining in the East Asia Summit.
On the sidelines of the SCO Summit, the heads of state of Mongolia, Russia and China have held the fourth tripartite meeting and reached certain agreement on the future directions of trilateral cooperation. The Mongolian side has always attached primary importance to the cooperation between Mongolia, Russia and China, which will not only give impetus to the development of the three parties, but also strengthen cooperation with the SCO Member States.

Let me reiterate Mongolia’s willingness to work alongside the SCO countries towards mutual trust between the people, friendliness and positive development.

I extend my congratulations to the President of Kyrgyzstan, which will hold the SCO Presidency for the next year.

Thank You for the attention.”



Mongolian coal to be shipped to Europe via Russian ports www.news.mn

An intergovernmental agreement on transporting goods by rail was signed in Ulaanbaatar on 8 June during the ‘Mongolia-Russia Initiative – 2018’ event. The agreement was signed by J.Bat-Erdene, Minister of Road and Transport Development and his Russian counterpart, newly appointed transport minister, Yevgeny Ditrikh.

According to J.Erdenebat, the Russian Federation is interested in coal transportation. Because of the location of Mongolia in the east of the Eurasia and its huge reserves of high-quality coal, there are clear possibilities for export via the ports of the Russian Far East, such as Vladivostok and the Vostochny coal terminal. Under the agreement, Mongolia will be able to transport its coal via Vladivostok to Europe. During the meeting, the two sides discussed the transportation of Tavan Tolgoi coal via Kyzyl to Europe. Ulaanbaatar Railways is a Russian-Mongolian Joint Stock Company, so, the agreement is very important to both sides, said the J.Bat-Erdene.



China, Mongolia pledge more cooperation www.xinhuanet.com

QINGDAO, June 10 (Xinhua) -- Chinese President Xi Jinping and his Mongolian counterpart Khaltmaa Battulga on Sunday pledged to enhance bilateral cooperation during their meeting at the Shanghai Cooperation Organization (SCO) summit.

Describing China and Mongolia as close neighbors linked by mountains and rivers, Xi said that developing bilateral relations is in the fundamental interests of the two peoples.

Xi commended his Mongolian counterpart for attaching importance to bilateral relations and for his readiness to advance the comprehensive strategic partnership with China.

"Based on the principles of mutual trust, cooperation and mutual benefits, China is willing to work with Mongolia to seize opportunities, remove interferences, and solidly carry out exchanges and cooperation in various fields so as to enrich the partnership and open up new prospects for bilateral cooperation," Xi said.

The Chinese president said that both countries should adhere to the right direction of bilateral friendly cooperative relations from a strategic height and long-term perspective, and understand and respect each other on issues involving their respective core interests and major concerns.

Both sides should maintain the momentum of high-level exchanges, strengthen exchanges in various fields and on various levels, and enhance political mutual trust, Xi said.

He called for carrying out mutually-beneficial cooperation using their respective advantages, giving play to the leading and guiding role of major projects in bilateral pragmatic cooperation, and facilitating the alignment of China's Belt and Road Initiative and Mongolia's "Development Road" program.

People-to-people and cultural exchanges should be increased, Xi said, calling on the two countries to well organize activities to commemorate the 70th anniversary of the establishment of diplomatic relations between the two countries next year.

While pointing out that Mongolia is the first observer state of the SCO, Xi said that China supports Mongolia in raising its cooperation level with the organization.

China stands ready to work with Mongolia and Russia to implement the outline for building the China-Mongolia-Russia economic corridor, and push for greater progress in trilateral cooperation.

Battulga congratulated China on successfully hosting the SCO Qingdao summit. He said that Mongolia is ready to raise its cooperation level with the SCO.

He expressed appreciation to President Xi for his personal care for advancing relations of the two countries. He also spoke highly of China's important contribution to safeguarding peace and stability in the northeast Asian region.

Developing friendly relations and mutually-beneficial cooperation with China is a diplomatic priority of Mongolia, he said.

He said that Mongolia adheres to the one-China policy, and holds that both Taiwan and Tibet affairs are China's internal affairs. It will properly handle the issues based on these principles, he said.

Mongolia hopes to keep high-level exchanges with China, increase exchanges and cooperation in various fields, and deepen friendship between the two peoples, he said.



Rouhani calls for further economic relations with India, China, Mongolia www.iran-daily.com

President Hassan Rouhani in separate meetings with the leaders of China, India and Mongolia on Sunday, stressed on the expansion of economic relations.

The meetings were held on the sidelines of the Shanghai Cooperation Organization (SCO) summit in China.

In his meeting with Indian Prime Minister Narendra Modi, Rouhani expressed satisfaction over growing relations between Tehran and New Delhi, the president’s official website reported.

He emphasized that Tehran welcomes development and deepening of the inclusive relations with India as a friendly country in the region and is ready for strategic cooperation with the country.

Rouhani welcomed India’s active participation in the development project of Chabahar Port, saying, “Chabahar Port, as a bridge between India to Afghanistan and Central Asia to Eastern Europe, can strengthen the historical and commercial relations between the two countries and the region more than ever.”

Referring to the importance of the role of banking cooperation in developing economic relations, the president emphasized that the implementation of the recent agreements signed between the two countries in New Delhi should be accelerated, describing the implementation of those plans as a step towards further development of relations between the two nations.

The Indian prime minister highlighted the importance and special status of Chabahar Port for the development of regional cooperation.

President Rouhani also held separate meeting with Mongolian President Khaltmaagiin Battulga.

Rouhani welcomed development of Tehran-Ulaanbaatar relations in all areas, saying: “Tehran is ready to develop and strengthen its economic and trade relations with Mongolia, and all existing capabilities and opportunities must be tapped to deepen relations.”

He said Tehran encourages the Iranian private sector and businessmen to participate in Mongolian development projects. He also said that Iranian investors have the capacity to invest in animal husbandry in Mongolia.

Battulga hailed the relationship between the two countries as developing and said Ulaanbaatar is determined to strengthen its relations with Tehran in all fields, the economy in particular.

Heading a high-ranking delegation, Rouhani has traveled to Qingdao in China’s eastern province of Shandong to participate in the SCO summit at the official invitation of his Chinese counterpart, Xi Jinping.

The Iranian and Chinese presidents on Sunday attended a ceremony in which both countries signed four memorandums of understanding.



PM Modi holds bilateral talks with presidents of Kazakhstan, Kyrgyzstan and Mongolia www.tribuneindia.com

Prime Minister Narendra Modi on Sunday held separate bilateral talks with presidents of Kazakhstan, Kyrgyzstan and Mongolia on the sidelines of the SCO summit here to further strengthen India's ties with the three resource-rich countries.

India attaches great significance to ties with Kazakhstan. Had a wonderful meeting with President Nursultan Nazarbayev on the sidelines of the SCO Summit, Modi said in a tweet.

Modi met Nazarbayev and invited his country to join the International Solar Alliance, an initiative announced in 2015 whose primary objective is to work for efficient exploitation of solar energy to reduce dependence on fossil fuels.

"Prime Minister Narendra Modi invited Kazakhstan to join the International Solar Alliance and the President of Kazakhstan responded positively," said Ruchi Ghanashyam, Secretary (West) in the Ministry of External Affairs (MEA).

Modi also met President of Kyrgyzstan Sooronbai Jeenbekov on the sidelines of the summit.

"Glad to have met the President of Kyrgyzstan, Sooronbay Jeenbekov. We deliberated on ways to add strength to our vibrant bilateral partnership," Modi tweeted.

He also held bilateral talks with Mongolia President Mongolia Khaltmaagiin Battulga.

"Strategic partnership based on deep civilizational, historical and cultural linkages! PM Modi met the President of Mongolia Khaltmaagiin Battulga on the sidelines of SCO Summit in Qingdao," said MEA spokesperson Raveesh Kumar.

Modi held nearly half a dozen bilateral meetings with leaders of other SCO countries.

Prime Minister Modi on Saturday had seperate meetings with the President of Uzbekistan Shavkat Mirziyoyev and Tajikistan President Emomali Rahmon on the sidelines of the summit here and discussed a range of topics with them to further strengthen India's ties with the resource-rich Central Asian countries. PTI



China, Russia, Mongolia vow to strengthen cooperation www.chinadailyhk.com

QINGDAO – The presidents of China, Russia and Mongolia pledged to strengthen trilateral cooperation during their meeting here on Saturday.

The trilateral meeting, the fourth of its kind, was chaired by Chinese President Xi Jinping and attended by Russian President Vladimir Putin and Mongolian President Khaltmaa Battulga.

The leaders reviewed the achievements of trilateral cooperation and discussed priority tasks and directions for the next phase.

Since the heads of state of China, Russia and Mongolia held their first meeting more than three years ago, the three countries have centered on aligning China's Belt and Road Initiative with Russia's development strategies, especially its transcontinental rail plan, and Mongolia's "development path" initiative, deepened cooperation and yielded results, said Xi.

The three countries are neighbors and traditional strategic partners to each other, and enjoy natural advantages and a good foundation for cooperation, he said.

As the economic globalization and regional economic integration deepen, the three countries should jointly pursue integrated, win-win development and set an example of cooperation among neighboring countries, said Xi.

For the next phase, the three sides should deepen political mutual trust and strategic coordination, enhance mutual support, respect the core interests of each other, take into consideration each other's major concerns, strengthen coordination and cooperation in regional and international affairs, and steer the course of trilateral cooperation politically, Xi stressed.

The Chinese president said the three countries should push the construction of the China-Mongolia-Russia economic corridor, actively explore cooperation in areas such as infrastructure interconnectivity, and promote sub-regional cooperation in adjacent areas of the three countries.

The cooperation and coordination within the framework of the SCO should be expanded, said Xi.

The level of Mongolia's ties with the SCO should be lifted and Mongolia is welcome to participate in SCO cooperation in a more in-depth way, said Xi.

Russia agreed to strengthen trilateral cooperation in transport, infrastructure, customs and tourism, and facilitate trade and personnel exchanges, said Putin.

Battulga said that it is Mongolia's top priority to develop friendly cooperation with the two permanent neighbors of China and Russia.

Mongolia stands ready to work with China and Russia to implement trilateral cooperation consensus and launch the China-Mongolia-Russia economic corridor construction as early as possible, while promoting cooperation in sectors such as infrastructure and energy transportation, said Battulga.

Putin and Battulga are in Qingdao for the 18th Shanghai Cooperation Organization summit.