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    

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

NEWS

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Samsung: Have 'exploding' Galaxy Note 7s burned the brand? www.bbc.com

Samsung is resuming sales of its Galaxy Note 7 smartphones in South Korea following a safety recall. They are set to return to Europe on 28 October.
The company asked customers to return their handsets after some users reported their phone had "exploded" during or after charging.
The firm said that battery problems were behind phones catching fire.
Samsung had sold about 2.5 million Galaxy Note 7 devices across the world before the recall.
In South Korea about 80% of those sold have been returned to be replaced.
In Europe and North America the figure is lower but still way above 50%, according to company sources.
Samsung insiders say that 95% of the people returning their handset are opting to continue with a Samsung model. There is - they say - huge customer loyalty.
But there has clearly been a big cost, one on which a monetary value is impossible to determine exactly.
Tarnished
Firstly, Samsung has lost a month of its carefully planned sales pitch in the campaign against Apple and its new iPhone 7.
Secondly, the brand has been tarnished. Samsung has prided itself on making the most of its components. It doesn't outsource as much as its rivals do.
That boast of superior quality sounds hollower after the recall.
Thirdly, even if most of the offending phones have been returned and replaced, substantial numbers are still out there.
Airlines have presented passengers with a warning notice on check-in, saying the Galaxy Note 7 should not be checked in or switched on in the cabin even in flight-mode.
Will the airlines now lift the ban?
In the crucial Chinese market, the iPhone has a huge cachet. Samsung has been squeezed between Apple's offerings and Chinese phones.
Batteries that might catch fire won't have helped it in that competition.

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Mercedes Races To Record $320 Million F1 Revenue www.forbes.com

The Mercedes Formula One team has revealed that its revenue last year accelerated 38.5% on 2014 to hit $316.1 million, its highest since the German auto manufacturer bought the outfit from former boss Ross Brawn in 2009.

The rise in revenue was fuelled by increased prize money payments from winning the championship in 2014 and signing a suite of sponsors including clothing company Hugo Boss, printer manufacturer Epson and technology firm Qualcomm.

It comes on the eve of Sunday’s Malaysian Grand Prix, where the team is expected to take a third consecutive championship further vindicating Mercedes’ strategy of giving its outfit an entrepreneurial core. Team boss Toto Wolff owns 30% of the outfit with 10% in the hands of non-executive chairman, former F1 champion Niki Lauda, and the remainder held by Mercedes.

The 44 year-old Mr Wolff is not just an experienced businessman but also a former driver which makes him ideally-placed to liaise with the three key divisions which drive an F1 team – commercial, sporting and engineering. Having a single decision-maker in the driving seat gives the team a streamlined reporting structure which has allowed it to operate like a speedboat in the world of F1 where success is down to quick decision-making. As Mr Wolff has a significant stake in the business, he is also incentivised to boost its fortunes. Testimony to this, Mercedes won its first F1 title in 2014, the year after Mr Wolff joined.

“We are in a very fortunate position because our key stakeholders understand our business. They know that if you try and run an F1 team like a corporate multinational, it doesn’t go. You need to be independent, agile and capable of taking quick decisions,” says Mr Wolff.

In contrast, the teams owned by rival manufacturers like BMW, Toyota and Honda were structured more like committees and it didn’t pay off. Toyota invested an estimated $2.1 billion in its F1 team but never won a single race over its eight-year time in the series which came to an abrupt end with the economic downturn in 2009.

Similarly, Honda only won one race as a team owner but had burned up around $1.4 billion by the time it bowed out in 2008. It has since returned to F1 but only as an engine supplier to the McLaren team which is currently languishing in sixth place. It couldn’t be much more of a different story for Mercedes.

In 2014 and 2015 Mercedes took both the teams’ title and won the drivers’ championship with Lewis Hamilton at the wheel and his team-mate Nico Rosberg coming second. But that’s just the start. Last year it notched up 12 one-two victories – a new record in F1 – with its drivers getting on the podium 32 times which was also more than any other pairing had previously achieved.

The team is on track to make history again this year as Mr Rosberg goes into Sunday’s Malaysian Grand Prix leading the standings ahead of Mr Hamilton by just eight points with his nearest rival, Red Bull Racing driver Daniel Ricciardo, trailing 86 points behind. These sustained results on track have made Mercedes a magnet for sponsors which in turn has driven its commercial success.

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China's manufacturing activity expands again, non-manufacturing PMI rebounds www.xinhuanet.com

BEIJING, Oct. 1 (Xinhua) -- China's manufacturing Purchasing Managers' Index (PMI) stood at 50.4 in September, unchanged from August, while the non-manufacturing PMI increased to 53.7 from the previous month's 53.5, official data showed Saturday.

The manufacturing PMI has stayed above the 50-point mark that separates expansion from contraction for the second month in a row, while the non-manufacturing PMI has stood above the line for seven consecutive months, according to the National Bureau of Statistics (NBS).

NBS statistician Zhao Qinghe said both production and demand showed signs of stabilization in the manufacturing sector, while the non-manufacturing sector is gradually picking up steam as enterprise confidence builds strength.

The manufacturing sub-index for production moved up to 52.8 from 52.6 in August, rising for the second consecutive month. The index for new orders was slightly down from the previous month, but remained in expansionary territory.

The non-manufacturing sub-index for new orders rose to 51.4 in September, its highest level in 2016, indicating demand in the sector is picking up.

The data came on the heels of the Caixin manufacturing PMI, a private gauge of manufacturing activity, which showed the index was in expansionary territory for the second time since February 2015.

The Caixin manufacturing PMI edged up to 50.1 in September from 50 the previous month, according to a survey conducted by financial information service provider Markit, sponsored by Caixin Media.

The official PMI samples 3,000 large enterprises in China. The Caixin PMI samples 420 small and medium-sized manufacturing enterprises and is relatively volatile due to its small sample size and the dominance of smaller enterprises.

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Google rebrands cloud business, adds more artificial intelligence www.reuters.com

Alphabet Inc's Google said on Thursday it renamed its business-to-business cloud computing brand and enhanced some enterprise applications using artificial intelligence, the company's latest gambit to better compete with Amazon.com and Microsoft Corp. in the lucrative cloud business. Discussing the rebranded Google Cloud, Diane Greene, senior vice president of Google's enterprise business, said the company has made good progress courting customers and improving its technology. Cloud computing uses remote internet servers to store, manage and process data, and Google offers a range of apps like word processing and email, as well as the ability to host data and offer resources for developers. The new name replaces the Google for Work brand. "We are closing the gap incredibly fast" with competitors, Greene, a former CEO of VMware who joined Google last year to ramp up its cloud business, told experts and journalists at an event. Analysts say Google trails Amazon and Microsoft in market share but is gaining under Greene. Although the business is not big enough to break out separately in its quarterly earnings statement, Google reported a 33 percent surge in "other revenue" in its most recent quarter, which analysts said was probably due largely to gains in cloud computing. Greene has moved quickly to streamline engineering and appointed new leadership to beef up the company's cloud business. This has helped improve sales, Google Chief Executive Officer Sundar Pichai said during the company's latest earnings call. Earlier this month, Google acquired cloud software company Apigee Corp in a deal valued at about $625 million. The company on Thursday also announced a partnership with consultant Accenture to develop cloud services for clients in industries such a retail, healthcare and finance. In addition, the company said it had woven more artificial intelligence into its apps to help employees work more efficiently. Using machine learning to crunch troves of data, Google says its apps will prompt users to, say, open files at certain times of day or propose meetings based on their habits. Google recently added a U.S. data center in Oregon in order to speed up service and next year will open more in Virginia, Mumbai, Singapore, Sydney, São Paulo, London, Finland and Frankfurt.
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ADB assesses Mongolian economy www.news.mn

Economic growth in Mongolia will rise to 0.3% by the end of 2016 and by 1.4% in 2017, says the Asian Development Bank (ADB). Underground mining of Oyutolgoi and agriculture have propped up Mongolian economic growth. ADB’s annual economic flagship publication, writes that inflation in Mongolia will reach 3.2% by the end of the year, and rise further to 5.4% in 2017.

The Government of Mongolia’s immediate policy challenge is to tighten monetary and fiscal policy to address pressure on the balance of payments, while safeguarding financial sector stability, debt sustainability and the welfare of the population, especially for people living below the poverty line.

The ADB, based in Manila, is dedicated to reducing poverty in the Asia-Pacific region through inclusive economic and environmentally sustainable growth, as well as regional integration. Established in 1966, it is owned by 67 members – 48 from across the region.

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Skoda new shareholder of SAIC Volkswagen www.chinadaily.com.cn

Czech automaker Skoda Auto has become a shareholder of SAIC Volkswagen which has been localizing its cars since 2007, said its CEO Bernhard Maier. Maier told this to a small group of reporters on Sept 29 in Paris, but refused to offer details, including the percentage of its equity it now holds, saying the parties have signed a deal to not reveal the figures. A source close to the matter told China Daily that Skoda's intention to hold the equity materialized around one month after it signed a memorandum of understanding with existing shareholders SAIC Motor and Volkswagen AG in late March. Analysts believe Skoda's equity was from Volkswagen, who bought Skoda in 1991, because foreign automakers are not allowed to have more than 50 percent of shares in a joint venture. The change has been reflected in the trademark of Skoda cars produced in China. Starting in July, the words they bear on the rear have changed from "Shanghai Volkswagen" into "SAIC Skoda". According to Chinese law, the appearance of "Skoda" would be impossible if it had not become a shareholder of the joint venture. Maier said Skoda's shareholding status is paving the way for its independent operation in China. The brand has suffered from an obscure image in the country; with many believing the brand was merely the name of a model from SAIC Volkswagen. Analysts said the move is helpful for Skoda's sales performance in China, which is its largest single market worldwide. Maier said Skoda is expected to sell 300,000 units this year in China, and it has set a goal of doubling the figures by 2020. Besides equity change, SAIC Volkswagen is planning to invest 2 billion euros in five years to localize Skoda cars. It now has six models available in the market, and the latest edition will be a seven-seat SUV called Kodiaq, which is expected to make its Chinese premiere in November and hit the market in April. The model will be the spearhead of Skoda's SUV offense, said Maier, adding that it will be followed by updated Yeti, an SUV already sold in China, and a crossover. SUVs are now the most popular cars in China. Statistics from the China Passenger Car Association show that China sold 3.85 million SUVs in the first half of the year, surging 44 percent year-on-year.
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China expected to popularize 5G network in 2022-2023: expert www.chinadaily.com.cn

HONG KONG - China is expected to launch a commercial operation of 5th generation (5G) mobile networks in 2020, and to realize a large-scale application in 2022 or 2023, an expert with the Ministry of Industry and Information Technology (MIIT) of China said here in a recent interview with Xinhua. Wang Zhiqin, an expert with the China Academy of Telecommunication Research of MIIT, said China started 5G research and development as early as other countries. In 2013, the Chinese government established IMT-2020 (5G) Promotion Group, to boost systematic promotion of 5G. As one of the leaders of the group, Wang said MIIT coordinated to conduct the worldwide biggest experiment of 5G technology research and development in January this year, and completed the phase 1 test in September. "China is willing to formulate a unified global 5G standard with other countries," She said, adding that the global research on 5G standard started in March, and it is estimated that the first version will be completed in June, 2018. "We started early and have accumulated a lot of experience," Wang said. "I hope China can be one of the 'dominant players' in standard formulation." She explained that telecommunication is a globalized and huge industry, and customers are looking forward to a unified standard, "we need to be more responsible and cooperate with the international mainstream enterprises." She said 5G is designed for Internet of Everything (IoE), and 4G offers mobile Internet to people. As the increasing need for low delay and high reliability, 4G faces big challenges. "Time delay of 4G is from 10ms to 20ms, but some application scenarios with low delay and high reliability requires less than 0.5ms," Wang said, "and 5G can do that." She took automatic drive as example - "to realize automatic drive, vehicles should be connected with each other and have the ability to avoid crashes in high speed, which needs a very low time delay." China has attached great importance to 5G in the 13th national Five-Year Plan (2016-2020) and has set the goal of 5G commercialization by 2020.
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Goldman feels the heat in Asia as IPO engine slows www.reuters.com

Goldman Sachs failed to make it to the upper echelon of Asia's equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the U.S. bank to cut back jobs in the region. Goldman has shared dominance of the Asia Pacific equity capital market arena with UBS and Morgan Stanley since clinching the mandate for China's first privatization in 1997. But increased competition from Chinese rivals and a dearth of the blockbuster deals it has previously relied on to make money in Asia are putting pressure on global investment banking powerhouses such as Goldman, quarterly Thomson Reuters data shows. "The value, the opportunity in the market has vaporized," said Keith Pogson, EY Asia Pacific financial services senior partner. "You cannot sustain a big-hitting team with seven-figure salaries if you are not going to hit the ball out of the stadium." IPO activity in Asia Pacific fell 13.2 percent in the first nine months of the year to the weakest level since 2013. While maintaining its leadership in terms of volumes in M&A advisory in Asia Pacific, excluding Japan, Goldman slipped to No. 4 in the equity capital market (ECM) Thomson Reuters league table in the first nine months of the year, from first in 2015. The New York-based bank saw a 73 percent slump in the volume of Asia Pacific ECM deals it worked on, the sharpest fall among the top 10 equity underwriters in the region, closely followed by UBS with a 71 percent tumble. China's CITIC Securities Co Ltd clinched the top slot in the ECM rankings, followed by Morgan Stanley and UBS. In terms of fees, a key gauge of investment banks' revenue prospects, Goldman sank to No. 11, the first time it has been out of the top 10 rankings since at least 2000, earning an estimated $83.8 million in the first nine months of this year, according to Thomson Reuters/Freeman & Co estimates. CITIC Securities also topped the fee table in the period, pocketing an estimated $216 million, followed by Morgan Stanley with $195 million. Seven Chinese players, including GF Securities and Guotai Junan Securities, muscled into the top 10 group, while UBS receded to No. 8. Reuters reported last week that Goldman was considering cutting nearly 30 percent of its investment bankers in Asia. Other investment banks may follow suit with staff reductions in the region, senior bankers said. By moving first with the big job cuts, Goldman will however turn itself into a more nimble player and could keep its powder dry for when the market eventually rebounds. "It's just a matter of prioritizing and deciding where the revenues are going to be from, and in a way realigning or right-sizing the team accordingly," one person familiar with Goldman's Asia business told Reuters. In the first six months of 2016, Goldman's revenues in Asia more than halved to $1.7 billion. Its pre-tax earnings plunged 71 percent to $404 million, accounting for 10 percent of global pre-tax profit from 25 percent a year ago, its filings showed. SMALLER PIE Equity capital market fee rankings are the most important benchmark for banks operating in Asia. But the pie for Western banks is getting smaller as they have limited access to a growing number of domestic listings in China and fees are increasingly divided up among an ever larger number of banks. This week's listing of state-owned Postal Savings Bank of China in Hong Kong, at $7.4 billion the world's biggest IPO in two years, involved 26 banks who earned a combined $118.4 million, or 1.6 percent, in fees. An average IPO in the United States would have earned 7 percent fees, with far fewer players involved, earning each of them a much larger revenue, according to consulting firm Freeman & Co. The shrinking fee pool is more painful for global banks because there is regulatory pressure on them to deploy less of their own capital, which limits their ability to dabble in IPOs. Damien Cleris, head of coverage and global transaction banking at France's Natixis, told Reuters his bank was focusing on select Asian markets such as M&A and financing, but not ECM. "The volumes have decreased this year and as a result people are more aggressive in competing for the transactions. This is driving overall revenues down in Asia," said Claudio Lago de Lanzos, a partner with Oliver Wyman. "None of the relevant banks in the region are really thinking of exiting Asia, but they are really thinking hard about where to place resources."
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Best Practices in Project management- The third annual forum www.mongolianbusinessdatabase.com

PMI® is the world’s largest non-profit association for project managers, with over 700,000 members and credential holders in over 190 countries. The PMI Mongolia Chapter® is a local chapter officially chartered by PMI® and is aimed to support the project management community based in Mongolia.

· Listen to keynote speech by Cindy Anderson, PMI Board Member, Brand management

· Meet with 21 PMI chapter leaders from South Korea, Japan, Hong Kong,Tawain, China, Singapore and Asia- Pacific

· 24 honored guest speaker case presentations from project leaders at Oyu Tolgoi Underground, Jacobs, Khas Bank, General Electric and Wagner Asia etc.

· 8 workshops and interactive sessions

· Networking opportunity with over 300 project managers

WHO SHOULD ATTEND

· All engaged with Project Management profession

· Business Analysts

· Those wanting to learn more about Project Management

· Those interested in the latest tools and techniques for your projects

Wonderful opportunity not only to learn and expand your knowledge with 21 honered guest speakers whom have successfully carried mega project s locally and internationally but also to participate 8 different workshop sessions during the two days of conference.

ORGANIZING COMMITTEE
| 9901-7317 | 9994-7237
| registration@pmimongolia.mn
| www.pmi.org | www.pmimongolia.mn
| www.facebook.com/pmimongoliachapter
| www.twitter.com/pmimongolia

REGISTRATION: 
| “PMI Mongolia” Chapter member -70,000₮ 
| Individual or company representative - 175,000₮ 
| Student -50,000₮ 
| Group Discount (> 5) -150,000₮
| Member from supporting organization -140,000₮

It is our pleasure to inform that you can benefit with supporting organization price for the event this year. Register now!

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Nissan boss warns on UK investment www.bbc.com

The boss of Nissan has warned that Brexit uncertainty and possible tariffs could damage investment in the UK's biggest car factory. Chief executive Carlos Ghosn said the firm would need "compensation" for tax barriers that might result from Britain leaving the European Union. Nissan's plant in Sunderland produces about a third of the UK's car output. The comments come amid warnings from the UK car industry about the risk of EU tariffs from Brexit. "If I need to make an investment in the next few months and I can't wait until the end of Brexit, then I have to make a deal with the UK government," Mr Ghosn, who also runs France's Renault, said at the Paris Motor Show. "You can have commitments of compensation in case you have something negative," he said. Nissan is due to decide early next year on where to build its next Qashqai sport utility vehicle. Compensation The plant at Sunderland is Nissan's biggest factory in Europe, employs 6,700 people and has the capacity to produce around 500,000 cars per year. "We would like to stay. We're happy, we have a good plant, which is productive but we cannot stay if the conditions do not justify that we stay," he added. Mr Ghosn told the BBC that the Sunderland plant would "lose competitiveness" if Brexit meant the UK had to pay 10% tariffs to import into the EU.
The International Trade Secretary, Liam Fox, said on Thursday it was in other countries' interests to avoid tariffs which he said would "harm the people of Europe". 'Fast talk' In 2015, around 1.59 million cars were manufactured in Britain with 80% of them for exports - mostly to European countries. The industry employs around 800,000 people. In a separate call for action on Brexit, Japanese carmaker Honda on Thursday urged the British government to take "a fast decision". "Then what we need is free trade," Jean Marc Streng, Honda's general manager for Europe, told the BBC. "The sooner we have a clear statement on Brexit the better it is for us," he said.
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