1 PRESIDENT OF MONGOLIA TO PAY STATE VISIT TO ITALY WWW.QAZINFORM.COM  PUBLISHED:2025/11/30      2 PARLIAMENT APPROVES FIVE-YEAR DEVELOPMENT GUIDELINES OF MONGOLIA FOR 2026-2030 WWW.MONTSAME.MN PUBLISHED:2025/11/30      3 ‘MONGOLIA-UK INFRASTRUCTURE FORUM’ DISCUSSES DIGITAL CONSTRUCTION WWW.MONTSAME.MN PUBLISHED:2025/11/30      4 INVESTMENT AND TRADE AGENCY HOSTS SESSION TO BOOST FOREIGN INVESTMENT WWW.MONTSAME.MN PUBLISHED:2025/11/30      5 MONGOLIA ISSUES EXTREME COLD WEATHER WARNING WWW.XINHUANET.COM  PUBLISHED:2025/11/30      6 CIGARETTES TO COST ABOUT MNT 15,339 BY 2030 WWW.GOGO.MN PUBLISHED:2025/11/30      7 CAPITAL SCHOOLS SHIFT TO ONLINE CLASSES AMID INFLUENZA SURGE WWW.GOGO.MN PUBLISHED:2025/11/30      8 MONGOLIA’S MEGA-AIRPORT UPGRADE: TURNING ULAANBAATAR INTO A SILK ROAD SKY HUB WWW.TRAVELRADAR.AERO PUBLISHED:2025/11/28      9 EBRD ANNOUNCES SETTLEMENT WITH MONGOLIAN COMPANIES MAX IMPEX AND KHAN ALTAI WWW.EBRD.COM PUBLISHED:2025/11/28      10 ULAANBAATAR TARGETS 50 PERCENT WASTE RECYCLING BY 2040 WWW.MONTSAME.MN PUBLISHED:2025/11/28      МОНГОЛ УЛСЫН ЕРӨНХИЙЛӨГЧ У.ХҮРЭЛСҮХ БҮГД НАЙРАМДАХ ИТАЛИ УЛСАД ТӨРИЙН АЙЛЧЛАЛ ХИЙХЭЭР МОРДЛОО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/11/30     МОНГОЛ УЛСЫН ХӨГЖЛИЙН ИРЭХ ТАВАН ЖИЛИЙН ҮНДСЭН ЧИГЛЭЛИЙГ БАТАЛЛАА WWW.GOGO.MN НИЙТЭЛСЭН:2025/11/30     УИХ-ЫН ЕРӨНХИЙ НАРИЙН БИЧГИЙН ДАРГА Б.БААСАНДОРЖИЙГ ЧӨЛӨӨЛЖ, Л.ӨЛЗИЙСАЙХАНЫГ ТОМИЛЛОО WWW.EAGLE.MN НИЙТЭЛСЭН:2025/11/30     ХӨРӨНГӨ ОРУУЛАЛТЫН САНАЛ БОЛОВСРУУЛАХ СУРГАЛТ, ХӨРӨНГӨ ОРУУЛАГЧДАД ЗОРИУЛСАН УУЛЗАЛТЫГ ХИЙЛЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/11/30     ЛХАГВА ГАРАГААС ЭХЛЭН НИЙТ НУТГААР ХҮЙТНИЙ ЭРЧ СУЛАРНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/30     50 МЯНГАН ӨРХИЙГ ХИЙН ХЭРЭГЛЭЭНД ШИЛЖҮҮЛЭХЭЭР ТӨЛӨВЛӨЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/30     УЛААНБААТАРТ ИРЭХ ОНД ӨРНӨХ БҮТЭЭН БАЙГУУЛАЛТУУД WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/28     П.НАРАНБАЯР САЙД ХҮҮХДИЙН ЭРХИЙГ ХОХИРООЖ БАЙНА ГЭВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/28     2040 ОН ГЭХЭД ДУГУЙН ЗАМЫН НИЙТ УРТЫГ 1677 КМ УРТ БОЛГОХООР ТӨЛӨВЛӨЖЭЭ WWW.NEWS.MN НИЙТЭЛСЭН:2025/11/28     “УБТЗ” ХНН 21 ТӨРЛИЙН АЧААГ 24 ЦАГИЙН ТУРШ ЗОГСОЛТГҮЙ ТЭЭВЭРЛЭЖ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/11/28    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

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Mongolia to Implement Affordable Housing Program with World Bank www.montsame.mn

The Prime Minister of Mongolia, Zandanshatar Gombojav, received the Vice President of East Asia and the Pacific at the World Bank, Manuela V. Ferro, on September 2, 2025.
Prime Minister Zandanshatar expressed his gratitude to the World Bank for its valuable contribution to Mongolia’s social, economic, and infrastructure development over the past 34 years, since 1991. He acknowledged the Bank’s consistent partnership through the financing of numerous projects and programs. During the meeting, the Prime Minister also outlined the Government’s key policy priorities and strategic objectives. He emphasized that human development lies at the core of Mongolia’s policy agenda, alongside goals such as green transition, digital transformation, public sector productivity, and tax reform. He further highlighted the Government’s efforts to reduce the country’s dependence on the mining sector by diversifying the economy, including targeted support for the private sector and expanding the range of exportable products.
Vice President Manuela V. Ferro praised Mongolia’s swift economic recovery following the COVID-19 pandemic and noted the country’s progress in recent years in both social and economic development. She stressed the importance of diversifying the economy through the development of agriculture, particularly the wool and cashmere sectors, as well as the potential of renewable energy and tourism industries.
Prime Minister Zandanshatar underscored the urgent need to implement an affordable housing program and to establish a financing system that improves access to credit, as part of efforts to reduce air pollution in Ulaanbaatar and enhance citizens’ quality of life. In response to the Prime Minister’s proposed collaboration with the World Bank in this area, the World Bank expressed its readiness to continue working in partnership with Mongolia to support these development goals.

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Mongolia to Fully Meet Domestic Flour Demand with Harvested Wheat www.montsame.mn

According to the preliminary harvest balance, Mongolia is projected to fully meet its domestic flour demand with this year’s wheat harvest.
From the autumn harvest, 255.8 thousand tons of wheat are planned to be collected. Of this, 38.6 thousand tons are reserved for next spring’s sowing, 12.5 thousand tons for seed stock, 24.8 thousand tons for animal and poultry feed, 11 thousand tons for alcohol production, and 168.9 thousand tons for flour production. As a result, a shortfall of about 100 thousand tons will need to be met through wheat imports.
Minister of Food, Agriculture, and Light Industry of Mongolia Enkhbayar Jadamba stated at the press conference on the draft state budget of Mongolia for 2026 and the Government’s policy priorities in the economic sectors that the demand for wheat for livestock, pigs, poultry, and alcohol production will be met through imports.
He also noted that with the implementation of the “White Gold” national movement, Mongolia has been purchasing 100 percent of domestically produced cashmere and has achieved full washing and combing capacity. The decision to prioritize combing alone has generated more than MNT 700 billion in added value in the cashmere processing sector. Foreign investment has also been flowing into food, leather, and textile manufacturing, with new factories under construction.
Minister Enkhbayar added, “According to the National Statistics Office of Mongolia, in the first half of this year, GDP grew by 5.6 percent, of which 3.6 percent was contributed solely by the agricultural sector, creating 58,000 new jobs. These positive indicators demonstrate the effectiveness of the Government’s ‘Atar-4’ Sustainable Agriculture Development Campaign, the 'White Gold' national movement to boost the value of livestock-derived raw materials, and the nationwide ‘Food Revolution’ movement.”
Regarding the State Budget of Mongolia for 2026, the Government will continue its private sector-supporting policies, expanding concessional loans for business operations and investment. The Ministry has reflected in the draft budget measures to reduce its own investment and expenditure while increasing financial resources for loans to the private sector and enterprises.
Meat exports are set to expand significantly as quarantine restrictions are being lifted. Mongolia’s pastureland is overburdened by the equivalent of 25 million head of livestock. With 70 percent of the country affected by drought this year and pasture capacity insufficient, about 20 million head of livestock must be directed into economic circulation.

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PM Submits 2026 Budget and Outlines Reform Priorities www.montsame.mn

Prime Minister of Mongolia, Zandanshatar Gombojav, delivered a statement on the 2026 state budget regarding the submission to the Great State Khural (Parliament) and outlined the core priorities of the budget.
Premier underlined that the 2026 state budget was drafted for the first time with public participation, emphasizing policies aimed at reducing the tax burden, limiting state intervention, expanding opportunities for the private sector, and supporting small and medium-sized enterprises as well as individual citizens. Limiting budget overexpansion is considered an optimal reform for overcoming economic difficulties.
The 2026 budget cut government spending but focused on supporting human development. It also aimed to reduce taxes for citizens and wealth creators.
To support the tax reform initiative, VAT relief will be introduced in stages, starting with differentiated incentives based on purchase categories:
Specifically, VAT refunds will be set at 5 percent for purchases up to MNT 1 million and 2 percent for purchases exceeding MNT 1 million. However, starting in 2027, the plan is to refund 10 percent for purchases up to MNT 500,000, 5 percent for purchases between MNT 500,000 to MNT 1 million, and 2 percent for purchases over MNT 1 million.
By implementing these reforms, VAT will be applied fairly and transparently, helping expand the tax base and uncover tax evasion.
To support the private sector and reduce the tax burden, the threshold for tax relief for small and medium-sized enterprises will be set between MNT 1.5 and 2.5 billion. In addition, the draft regulation proposes raising the simplified VAT regime threshold from MNT 50 million to MNT 400 million.
All available opportunities will be explored to increase coal exports, and the target of exporting 85,000 tons in 2026 has nearly been achieved. With continued demand in the Chinese market, there is potential to raise exports to 200,000 tons annually. State-owned companies have been instructed to make tangible progress in this area.
The health sector prioritizes a strong system for emergency and intensive care services over building hospitals.
In the 2026 budget, MNT 2.27 trillion is allocated to the health insurance fund, with the program focusing not only on increasing the insurance fund but also on regulating risk bearing and strengthening public oversight.
A policy will be adopted to reduce the number of state-owned companies from 108 to 70. These companies will be required to cut costs and operate more efficiently. For instance, sales revenue, transportation, and exports at Erdenes Tavantolgoi JSC have tripled following the appointment of a team of Plenipotentiary Representatives.
MNT 70 billion has been allocated for land acquisition at 24 sites in Ulaanbaatar for the construction of schools and kindergartens. Moving forward, standardized guidelines for constructing state-owned educational facilities within residential areas will be mandatory.
The PM, along with the sectoral ministers, addressed questions from journalists and stated that the budget is publicly available on the websites of the Parliament and the Ministry of Finance of Mongolia, making it accessible for public review.

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JSW Steel puts coking coal sourcing plans from Mongolia on hold www.bizzbuzz.news

New Delhi: JSW Steel has put its plan to source coking coal from Mongolia on hold, citing significant logistical hurdles in transporting the material from the landlocked Central Asian nation to India, according to a top company executive on Tuesday. Also Read - Shillong Teer Results Today, September 3, 2025: Winning Numbers, Common Numbers, and Prize Details "Mongolia was being explored as an alternative source, but there are a lot of logistics-related issues for transportation. As of now, it is not logistically feasible, and the plan is on hold," JSW Steel Joint Managing Director and Chief Executive Officer Jayant Acharya said on the sidelines of the CII Global Sustainability Summit. Coking coal is a critical raw material used in the production of steel via the blast furnace route. India is the world's second-largest steel producer. However, the country remains heavily reliant on imports for this raw material. Currently, India sources over 80-90 per cent of its coking coal requirements from a select group of nations, with Australia being the dominant supplier. Also Read - Kerala Lottery Result Today 03-09-2025: Dhanalekshmi DL-16 Lucky Draw Winning Ticket Numbers The dependence on distant sources, such as Australia, leads to long shipping durations, often several weeks, and significantly contributes to higher logistics costs for Indian steelmakers. In recent years, the government has explored the possibility of diversifying coking coal imports to reduce dependency and increase price stability. In January 2025, a senior government official had stated that discussions were underway to assess viable transport routes for Mongolian coal. Acharya said the company will continue procuring coking coal from its existing suppliers to meet operational needs.

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G. Zandanshatar: 'Gas Pipeline Through Mongolia to Become Millennium-Scale Project' www.montsame.mn

Prime Minister Zandanshatar Gombojav, accompanied by the ministers, presented the draft consolidated budget of Mongolia for 2026 and briefed journalists on August 2, 2025, highlighting an agreement to construct a natural gas pipeline from the Russian Federation to the People’s Republic of China through Mongolian territory.
The Prime Minister stated, “There are two important announcements to make. First, the international credit rating agency Fitch Ratings has maintained Mongolia’s Long-Term Foreign-Currency Issuer Default rating at ‘B+, Stable.’ Second, the Russian Federation’s company, ‘Gazprom,’ and the Republic of China’s CNPC have signed a Memorandum of Understanding to initiate the construction of the ‘Soyuz Vostok’ (Power of Siberia 2) pipeline project through Mongolia. This is an unprecedentedly large-scale project, not in a century but in a millennium. Following the summit of the three countries’ Heads of State, the two companies agreed to implement this major project through Mongolia, including increasing gas procurement. This is a long-term, massive project. We are pleased to lay the foundation for a development initiative that creates opportunities for Mongolia.”

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Xi urges Russia, Mongolia to block ‘external interference’, forge deeper economic ties www.scmp.com

Chinese President Xi Jinping on Tuesday urged Russia and Mongolia to deepen their energy and financial bonds with his country while fending off “external interference”.
The three countries must further strengthen “solidarity” amid increasingly turbulent international dynamics, Xi said during his first trilateral summit with Russian counterpart Vladimir Putin and Mongolian President Khurelsukh Ukhnaa in three years.
“China is ready to work with Russia and Mongolia to strengthen political mutual trust … eliminate external interference and jointly promote high-quality development of trilateral cooperation,” Xi said at the summit in Beijing, according to state news agency Xinhua.
China and Russia have boosted economic and security ties as both face growing geopolitical pressure from the West. But Mongolia – a de facto buffer zone between the two nuclear giants during the Cold War – has seemingly placed greater emphasis on its “third neighbour” foreign policy.
By that approach, the landlocked country has worked to develop partnerships with the United States, Japan, South Korea and the European Union to diversify its diplomacy, trade and security relations beyond Beijing and Moscow.
Chinese President Xi Jinping (centre) hosts his Russian and Mongolian counterparts during a trilateral meeting at the Great Hall of the People in Beijing on Tuesday. Photo: Xinhua
Chinese President Xi Jinping (centre) hosts his Russian and Mongolian counterparts during a trilateral meeting at the Great Hall of the People in Beijing on Tuesday. Photo: Xinhua
As the US-China strategic rivalry continues to intensify over trade and technology, with rare earths – critical to semiconductor and clean energy sectors – now a key bargaining chip, Mongolia’s vast mineral wealth has elevated its strategic significance in the global political landscape.
Mongolia’s 2023 memorandum of understanding on critical minerals collaboration with the US made this clear.
During a phone call in May, Mongolian Foreign Minister Battsetseg Batmunkh and US Secretary of State Marco Rubio “expressed their satisfaction with the vitality of Mongolia-US relations and cooperation”, according to Ulaanbaatar.
In Beijing on Tuesday, Xi called for prioritising “hard connectivity” between the three countries by “advancing cross-border infrastructure and energy projects”, according to Xinhua.
He also urged the three countries to “expand local currency settlements” and align their development strategies amid the growing global resistance to the dominance of the US dollar and China’s push for greater international use of the renminbi.
Putin sought to emphasise the strong ties among the three nations. Russia “sincerely strives for the comprehensive development of mutually beneficial, equal and multifaceted relations” with both China and Mongolia, he said, adding: “Our three countries have much in common.”
“We share an interest in developing political, economic and humanitarian ties between our countries. And most importantly, Russia, China and Mongolia are good neighbours.”
Khurelsukh said that Mongolia had “consistently made efforts to deepen bilateral and trilateral relations and cooperation” with China and Russia in “all areas”.
“The Mongolian side attaches particular importance to the implementation of joint projects in areas such as the development of economic corridor infrastructure, transport, logistics, energy and trade,” he added.
The China–Mongolia–Russia economic corridor is one of the major components of Beijing’s transcontinental Belt and Road Initiative, which has seen slow progress since Moscow launched its full-scale invasion of Ukraine in February 2022.
Play
Ulaanbaatar did not include the Power of Siberia 2 natural gas pipeline connecting Russia and China in its action programme through 2028, which was announced last year, a decision interpreted by many as a shelving of the controversial project.
The pipeline is expected to deliver 50 billion cubic metres (1.77 trillion cubic feet) of natural gas annually from Russia to China, nearly matching the pre-idle flow via Nord Stream 1 between Russia and Europe. But whether it would pass through Mongolia has been discussed for years.
The project could help Moscow continue to sell its vast gas output while also addressing Beijing’s energy import needs.
Despite the omission by Mongolia, the project appears to be on track.
According to Russia’s official Tass agency, “based on the public statement made by the leaders of three countries – Russia, China and Mongolia – a legally binding memorandum” was signed on Tuesday between Russian energy giant Gazprom and the Chinese state-owned China National Petroleum Corporation on the construction of the mega gas pipeline.
The project would transit through Mongolia, the report said, quoting Gazprom CEO Alexey Miller.
Earlier this year, the Mongolian parliament ratified a long-stalled deal with China to build a new cross-border railway, which was also viewed as a sign of Ulaanbaatar’s move to tighten economic ties with Beijing amid US President Donald Trump’s global tariff wars.
Both Putin and Khurelsukh attended the Shanghai Cooperation Organisation (SCO) summit hosted by Xi on Monday in northern China’s Tianjin, where Mongolia’s status was elevated from observer to a “partner” of the grouping.
Their last trilateral gathering was on the sidelines of the September 2022 SCO summit in Samarkand, Uzbekistan, under a mechanism launched in 2014.
The Russian and Mongolian leaders will also be attending the grand military parade in Tiananmen Square on Wednesday to mark the 80th anniversary of the end of World War II.
“It is gratifying to note that the peoples of our three countries are always united in their desire to preserve historical memory,” Khurelsukh said during the three-way meeting.
Japan’s Emperor Naruhito and Empress Masako paid a historic week-long visit to Mongolia in July, during which they visited a memorial honouring the thousands of Japanese held as prisoners during World War II.
Xi earlier on Tuesday had a one-on-one meeting with Khurelsukh, where he pledged that China would always be a “reliable and dependable” partner to Mongolia regardless of changes in international circumstances, according to Xinhua.
Khurelsukh told Xi that maintaining a permanent friendship with China was a diplomatic priority for Mongolia.
BY Orange Wang
Based in Beijing, Orange covers a range of topics including China's economy and diplomacy. He previously worked in Hong Kong and had a stint in Washington. Before joining the Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.

 

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Xi says China willing to work with Russia, Mongolia to strengthen mutual trust, cooperation www.aa.com.tr

Chinese President Xi Jinping on Tuesday said his country is willing to work with Moscow and Ulaanbaatar to strengthen mutual trust and trilateral cooperation amid a summit with his Russian and Mongolian counterparts in Beijing, according to a statement by the Kremlin.
“China is willing to work with Russia and Mongolia to strengthen political mutual trust, uphold the original goal of cooperation, eliminate external interference, and jointly promote high-quality development of trilateral cooperation,” Xi said in opening remarks during the summit held in the Chinese capital, the statement noted.
The trilateral talks took place a day after Xi hosted the 25th Heads of State Council of the Shanghai Cooperation Organization in the city of Tianjin, northern China.
The trilateral cooperation between China, Russia, and Mongolia has been developing steadily with “real results,” Xi said, adding that the medium-term roadmap in this regard is being successfully implemented.
The trade turnover between the three countries is steadily growing, while trilateral cooperation in various sectors is “consistently deepening,” with new impetus given by key joint projects within the framework of the program for the creation of an economic corridor, he noted.
For his part, Russian President Vladimir Putin stated Moscow’s strive for the development of “mutually beneficial, equal, and multifaceted” relations with both Beijing and Ulaanbaatar.
“At the same time, we consider it important that successful bilateral cooperation be supplemented and acquire new facets through a trilateral format of interaction,” Putin said, citing that the three countries have “much in common.”
“We share an interest in the joint development of political, economic, and humanitarian ties. And most importantly, Russia, China, and Mongolia are good neighbors, and our peoples are united by long-standing traditions of friendship and mutual support,” Putin added, expressing his confidence that the meeting will focus on the main areas of trilateral cooperation and address plans for the future.
Meanwhile, Mongolian President Ukhnaagiin Khurelsukh noted his country’s efforts to deepen bilateral and trilateral relations and cooperation with its two neighbors in all areas, as well as to expand mutually beneficial interaction and collaboration.
Khurelsukh argued the three countries expanded their trilateral cooperation significantly over the past decade, underlining that “specific results have been achieved in the implementation of the program to create an economic corridor."
“I would like to note that the Mongolian side attaches particular importance to the implementation of joint projects in such areas as the development of economic corridor infrastructure, transport, logistics, energy and trade,” he said.
The three countries, at Mongolia’s initiative, held the first meeting between their heads of government in Pakistan’s capital Islamabad last year, the president noted, adding that an agreement was reached in principle to hold the next meeting in this regard in Russia.
“We believe that this meeting of the heads of government of the three countries plays an important role in the practical implementation of the agreements reached at the level of heads of state, as well as the coordination and agreed implementation of strategies and development programs of our countries,” he said.

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Russia strives to develop equal, multifaceted relations with China, Mongolia - Putin www.interfax.com

Russia sincerely wishes to develop relations with both Mongolia and China, Russian President Vladimir Putin said at a trilateral meeting with the Mongolian and Chinese leaders.
"Russia sincerely strives for the comprehensive development of mutually beneficial, equal and multifaceted relations with both the People's Republic of China and Mongolia," Putin said.
Russia also thinks it is important that successful cooperation be filled with content and acquire new facets, he said.
Russia, China and Mongolia are good neighbors, Putin said.
"Russia, China and Mongolia are good neighbors, and our peoples are united by the traditions of friendship and mutual support," he said.
Putin thanked Chinese President Xi Jinping for hospitality and the trilateral meeting initiated by him.
Putin met with Xi and Mongolian President Ukhnaagiin Khurelsukh in Beijing.

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Relations between the New Zealand and Mongolian Parliaments have begun to operate at a new level www.parliament.mn

Chairman D. Amarbayasgalan of the State Great Hural (Parliament) of Mongolia held official talks today (September 2, 2025) at the State Palace with Gerry Brownlee, Speaker of the House of Representatives of the New Zealand Parliament, who is on an official visit to Mongolia.
Chairman D. Amarbayasgalan emphasized that Speaker Gerry Brownlee’s visit marks the first-ever visit to Mongolia at the level of the head of Parliament from New Zealand. While expressing gratitude to the New Zealand parliamentary delegation for this historic visit, he also extended congratulations on the occasion of the 50th anniversary of diplomatic relations between Mongolia and New Zealand, which will be celebrated in 2025.
He expressed confidence that this visit by Speaker Gerry Brownlee and the members of the New Zealand Parliament will provide a significant impetus to deepen mutual understanding and cooperation between the legislative bodies of the two countries, which have developed based on shared values of human rights and democracy, turn discussions into concrete actions, and strengthen relations between parliamentary friendship groups.
Chairman D. Amarbayasgalan also highlighted that there are broad opportunities for cooperation to elevate collaboration in key economic sectors between Mongolia and New Zealand, particularly in agriculture. These include introducing advanced technologies for sheep shearing and intensive livestock farming in Mongolia, as well as localizing the experience of developing cooperative farms.
Gerry Brownlee, Speaker of the House of Representatives of the New Zealand Parliament, expressed his pleasure that relations between the two countries have continued to develop based on shared democratic values that uphold human rights, freedom, and the rule of law. As a member of the New Zealand House of Representatives since 1996, he affirmed his ongoing support for strengthening relations between the legislative bodies of Mongolia and New Zealand and for deepening bilateral cooperation in all mutually beneficial areas.
He also commended Mongolia’s diligent efforts since 1992 to strengthen its parliamentary governance and initiate legal and regulatory reforms. Furthermore, he noted that the principle within the State Great Hural (Parliament) of Mongolia’s “Three Pillars of Excellence” policy—that laws should evolve in line with the times—is particularly relevant and valuable for New Zealand as well.
Both sides mutually noted that this visit marked a high-level celebration of the 50th anniversary of Mongolia–New Zealand relations, strengthened mutual trust between the two countries, enhanced connections between their legislative bodies, and made a significant contribution to expanding and deepening bilateral relations and cooperation across all mutually beneficial areas.
Within the framework of the visit, both sides welcomed the decision for Mongolia’s Ministry of Food, Agriculture, and Light Industry to sign a Memorandum of Understanding with the New Zealand-based non-profit organization “Share Mongolia,” which is introducing modern sheep-shearing equipment and technology in Mongolia and making a tangible contribution to the livelihoods of herders.

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Mongolia-EU Business and Investment Forum to take place in Ulaanbaatar www.akipress.com

Minister of Digital Development, Innovation and Communications of Mongolia Batshugar Enkhbayar met with Ambassador of the European Union to Mongolia Ina Marčiulionytė
The sides exchanged views on the programs and measures implemented in the telecommunications and information technology sectors, as well as on future areas of cooperation as part of the economic diversification from the mining industry and the development of the e-economy.
Minister Batshugar Enkhbayar also expressed interest in expanding cooperation by involving private sector organizations in the forum, which is planned to be held in Ulaanbaatar in October.
"After over 35 years of fruitful collaboration between the European Union and Mongolia, we are excited to invite you to the inaugural Mongolia-EU Business and Investment Forum. This momentous event is a premier platform for strengthening economic ties, fostering trade relations, and promoting investment opportunities between the European Union and Mongolia. As Mongolia continues to modernize and diversify its economy, the EU remains a key strategic partner, supporting innovation, infrastructure, and industry growth," the forum organizers say.
Mongolia, strategically located between China and Russia, is a rapidly developing market with vast natural resources and a young, dynamic workforce. Known for its rich deposits of minerals such as copper, gold, and coal, the country has traditionally relied on mining as its primary economic driver. However, Mongolia is now actively diversifying its economy, with growing sectors such as renewable energy, agribusiness, digital transformation, and sustainable tourism.
The Mongolia-EU Business and Investment Forum brings together policymakers, industry leaders, and investors to explore strategic collaborations, unlock new market opportunities, and strengthen the long-term partnership between the EU and Mongolia.
With a commitment to economic reforms, Mongolia offers a favorable investment climate through an open-market economy, improved legal frameworks, and incentives for foreign investors. The government is also focused on enhancing connectivity, infrastructure, and regional trade partnerships to create a more competitive and business-friendly environment.
The EU is one of Mongolia's largest development partners, supporting projects that drive sustainable economic growth, governance reforms, and innovation. The EU-Mongolia Economic Partnership Agreement facilitates trade by reducing tariffs and improving market access for businesses on both sides.

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