1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Tax-free supply to EU countries available www.montsame.mn

Advisory day for private enterprises which are supplying products to the European Union countries or plan to make export was held on June 14 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. Last year, Mongolia’s export to the EU totaled EUR 67 million, 40 percent of which was non-value added semi-finished products.
Cooperation between Mongolia and EU started in 2005 and Mongolia is eligible to export 7200 items tax free to the EU market. However, only few products such as knitwear, carpet and semi-finished leather are being exported. Therefore, the participants of the event stressed the need to increase the types of products for the EU market export, which accounts for 16 percent of world imports.

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Arnaud Soirat: OT agreements are not renegotiable (Part 2) www.zgm.mn

GM Daily had the opportunity to sit down with Arnaud Soirat, Rio Tinto’s Chief Executive of Copper and Diamond, about the company’s future. The first part of the interview, which covered the stanceon the current turmoil around the Oyu Tolgoi (OT) project, was published on June 14th issue of ZGM Daily. Scan the QR code to read the first part of the interview.

How do plan to contribute to solving social problems of the workers on-site? It has been widely debated that a town near the site will be solution to many problems such as divorce?

-Yesterday, I went to visit Khanbogd town and I am very impressed by the work that has been done. I am sure that you have read in the newspaper where politicians are saying nothing has been done. Maybe you should ask them a simple question. “Have you gone and seen them by yourselves? What has been done?” Because, when you go, it is impossible to say that Rio Tinto has done nothing. It is not true at all. Actually, we have already done a lot. We have helped building the key infrastructure for a town. We have built the water treatment plants and we have visited the veterinary clinic, which is going to help the herders have healthier stock in general. We have built schools too. So, we have built lots of infrastructure, which are the enabler for the town to grow. The town has already grown quite a lot. Compared to ten years ago, the population has been tripled. But we are not a real estate business. Our job and purpose are not to build a town. We can be a catalyst, but the government and private investors have got their own roles to play.

-You have said the investment agreement and the UDP are the foundation of your investment. Some populists are stating, they might want to renegotiate the agreement. What does that mean to the company? Also, the election is coming up in two years, which significantly increases the risk of that actually happening.

-We are prepared and waiting to invest in the country. Because waiting is the right thing to do for the country, for Mongolian people and for shareholders. But we cannot invest if we do not have stability. Therefore, those agreements cannot be renegotiated. They have been negotiated in good faith. We need those agreements to be honored, first to continue investing.

I am convinced that within the existing agreements, there are many more things we can do together. For example, power. We are committed to building a power station in Mongolia, using the coal from Tavan Tolgoi that will supply electricity to OT. That is the commitment that we made in the investment agreement. Yet, we cannot do it on our own. We need permits. We need the Government’s support. Currently, we are having difficulties to get the support of the Government. This is a great example of how, within the existing agreement, we can create more value for the country. We do not need to renegotiate agreements to do so.

-What does it take to create more value within the existing agreement?

-We are currently buying power from Inner Mongolia, which is equivalent between USD 120-140 million per year. So, if we were to build a power station, then this money will stay in the country. If you look at the very strong priorities that we are giving to employ more Mongolian people and to give more of our procurement contracts to Mongolian companies, 85 percent of our contracts are with Mongolian companies. We are, right now, contributing to the diversification of Mongolian economy. Also, we are encouraging “Made in Mongolia”. More of this is creating huge amount of value for the country. So, my point is that these agreements are foundations, on which very reputable international banks and international organizations have lent USD 6 billion. If those agreements are renegotiated, the whole foundation of the lending will collapse. There is an incredible strength in the culture. People are very smart, adaptable and creative. When we give opportunities, entrepreneurs are seizing those opportunities to create new businesses. So, diversification is already happening. I think the parliamentary working group has got the key opportunity to actually explain better to Mongolians why those agreements are good agreements and what we can do together to create environment for us to continue investing.

-Does the many things include a copper cathode factory in the foreseeable future?

We had a commitment to study about a potential copper smelter in the country, which we did. We gave our study to the Government, around August last year. As for the commitment we made in the agreement, the analysis shows that it will be very difficult for the investor to invest in a smelter and get some money back out of it. Mongolia has a geographical situation such that it would be very difficult to have a profitable smelter. So, we gave the conclusion to the Government that we are not interested in investing in a smelter. However, if the Government were interested for strategic critical reasons, for example, to create jobs, that is up to them to invest if they wish so. We have given the commitment that would be selling copper concentrates to local smelter at the international market price to enable that smelter to import.

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Cabinet supports a loan agreement for a solid-waste recycling plant www.mongolia.gogo.mn

On June 13, Cabinet approved the submission to Parliament of a bill on establishing a loan agreement with the European Bank for Reconstruction and Development (EBRD).

The Ulaanbaatar Solid Waste Modernization Project includes plans to build a construction and demolition waste facility at Moringiin Davaa. Furthermore, a consolidated tariff system for solid waste and construction and demolition waste management will be introduced.

It is expected that improved waste management could reduce greenhouse gas emissions in Ulaanbaatar and more than 100,000 tons of construction waste could be recycled with the new plant in operation. EBRD has agreed to provide financing of 4.5 million EUR in grant aid and a 9.7 million EUR loan for the implementation of the project. The loan must be repaid within 15 years. ​

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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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