624 hectares of forest area allocated to forest unit of Umnugobi aimag www.montsame.mn

Ulaanbaatar/MONTSAME/. Since 2007, the Greenbelt Plantation Project has been jointly implemented by the Governments of Mongolia and the Republic of Korea to mitigate dust and sandstorms and combat desertification. With the first phase of the project successfully implemented, Mongolian Minister of Environment and Tourism N.Tserenbat, Ambassador of the Republic of Korea to Mongolia Jeong Jae Nam and the Greenbelt Project's coordinator signed the agreement to transfer the 624 hectares of land, in which are 100 hectares of forest area, 500 hectares of restored saxaul forest and 24 hectares of tree nursery, and its training center to the Local Forest Unit. The area will be registered at the national forest fund, and be protected by the inter-soum forest unit of Umnugobi aimag.

Mongolia introduces children protection plan www.menafn.com

(MENAFN) Mongolia was announced on Tuesday to have commenced a national plan aimed at shielding the rights of children.

The global economy is suddenly looking stronger www.cnn.com

London (CNN Business) Economies at the heart of Europe are growing more quickly than expected, boosting hopes that a global slump has been avoided.

A new mega cartel is emerging in oil markets www.rt.com

Two of the world’s largest oil buyers are teaming up and looking to leverage their power by jointly sourcing crude at a better price.
China and India—two of the world’s largest oil importers and the biggest demand growth centers globally—are close to setting up an oil buyers’ club to have a say in the pricing and sourcing of crude oil amid OPEC’s cuts and US sanctions on Iran and Venezuela, Indian outlet livemint reports, citing three officials with knowledge of the talks.

Apple iPhone sales drop at record pace www.bbc.com

Sales of Apple's iPhones fell at their steepest-ever rate during the three months to the end of March but are showing signs of stabilising.

Energy Minister visits State Grid of China www.montsame.mn

Ulaanbaatar/MONTSAME/. Minister of Energy Ts.Davaasuren visited State Grid Corporation of China and met Mr. Xin Bao’an, President of SGCC.

Prices of construction materials to rise www.zgm.mn

Products from overseas makes up most of Mongolia's reinforcing demand. The suppliers of this product have reduced except for the steel plant. In the last 2-3 years, the construction industry has slowed down, as domestic small entities closed down. As a result, foreign producers dominated the domestic reinforcement market and construction material prices have risen. In last fall, the supply of reinforcement was cut and prices rose sharply. The price of reinforcement reached MNT 1.78-1.8 million, which is higher than the previous year.

Mongolia, South Korea to collaborate in building a new TB hospital www.akipress.com

Members of the ‘Tuberculosis-free Mongolia’ parliamentary lobby group established a cooperation agreement with the the Korean National Tuberculosis Association (KNTA).

Mongolia is Japan's new frontier in the search for IT talent www.asia.nikkei.com

TOKYO -- Japanese companies, faced with a shortfall of homegrown tech talent, and intense competition with U.S. and European rivals for engineers from China and India, are looking to "frontier" markets such as Mongolia and Romania.

Advertising agency Dentsu recently held a briefing session in Mongolia hoping to land new information technology engineers, while staffing company Human Resocia is set to launch a project to send science and technology specialists to Japan from Romania.

Three Japanese-style technical colleges opened in Mongolia in 2014, and a job fair was recently held in the capital, Ulaanbaatar, for the 140 students graduating in May. Job hunters majoring in artificial intelligence and other fields listened to recruiting pitches from 29 companies from Japan and elsewhere.

The students seemed particularly interested in opportunities at a development center set up by Data Artist, Dentsu's AI subsidiary. Agchbayar Amarsanaa, a Mongolian mathematician and bronze medal winner at the International Mathematical Olympiad, leads the company. Dentsu Data Artist Mongol can refer hundreds of top-notch people from the National University of Mongolia, Agchbayar's alma mater, and other schools, to Japanese clients, he said proudly.

Mongolia is becoming a math powerhouse, rising in an international mathematics competition for high school students from 50th place in 2010 to 28th in 2018, on par with India. As medalists in international mathematics and other academic competitions are exempt from university entrance exams, high school mathematics clubs are more popular than sports clubs, Agchbayar said.

Unable to meet the demand for IT systems development domestically, Japanese companies have outsourced some of the work to vendors in China and India. But rising wages in those countries makes that approach less economical.

"People involved in systems development for Japanese companies in China are starting to move to Alibaba and Tencent," said Akimasa Nakao, an analyst at Gartner. "It has become difficult for Japanese companies to gain cost advantages, as higher wages have raised unit prices for development."

The average wage in China's information and communication industry was around $1,500 a month in 2016, up 40% from four years earlier, according to the International Labor Organization. In Vietnam, an increasingly popular substitute for China in the market for low-cost labor, wages are also rising.

The Ministry of Economy, Trade and Industry forecasts that Japan will face a shortage of up to 550,000 engineers in cutting-edge IT by 2030. Given the country's falling population, Japanese companies have no choice but to recruit from abroad. They have turned their attention to markets their U.S. and European counterparts have yet to tap.

Dentsu has its eye on Mongolia, which has many trained IT specialists and wages that are about half those in China. Another advantage for Japanese employers is Mongolians' positive views of Japan. One out of a 1,000 Mongolians travels to Japan to study, making it likely that those employed by Japanese companies will stick around.

Other Japanese companies are following Dentsu's lead. Ginco, a Tokyo-based blockchain startup, is also considering recruiting in Mongolia.

Romania is another potential source of IT engineers, thanks to the government's promotion of STEM education -- science, technology, engineering and mathematics. Trailing only China, Poland and Russia in terms of winners at the International Olympiad in Informatics, Romania turns out world-leading specialists in science and technology.

Human Resocia plans to train IT engineers in Romania and send them to work for clients in Japan.

Last November, Human Resocia set up a Japan Study Center in collaboration with the Bucharest University of Economic Studies on campus to promote Japanese culture and language education in Romania. Between classes, the company shows prospective IT engineers the type of work they might do in Japan. Human Resocia also plans to work with a local consultancy to promote the recruitment program.

Other Japanese headhunters are active in Southeast Asia. Fourth Valley Concierge, a Tokyo-based company that helps its clients find overseas talent, will offer a course later this year on Japanese culture and language to students at Yangon Technology University and other universities in Myanmar.

Fourth Valley will ask clients to offer loans to IT students, turning the loans into grants if the student takes a job with a client.

While Mongolia and Romania are the new frontiers for Japanese companies in the hunt for tech talent, others will come sniffing around sooner or later. They are working with local universities, hoping to get a leg up on their international competitors.

Trade war: What you need to know about US-China talks www.bbc.com

The US and China are due to begin a fresh round of talks in Beijing on Tuesday as they edge closer to resolving their damaging trade dispute.

The discussions will be led by US Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He.

Talks have dragged on for months, with both sides struggling to agree on key issues.

The trade war has hurt the economy and challenged the multilateral system that has governed world trade for decades.

There has been cautious optimism surrounding the talks in recent months but also a sense that both sides remain divided on some points.

The US, which accuses China of unfair trading practices, imposed tariffs on $250bn (£193.2bn) worth of Chinese products last year.

Beijing has retaliated with duties on $110bn worth of American products.

Tariffs on $200bn worth of Chinese goods were due to more than double at the start of the year, rising from 10% to 25%.

But both countries agreed to suspend tit-for-tat tariffs after they struck a truce in December, and began negotiations to work towards a deal.

US President Donald Trump recently said the US and China had agreed on "a lot of the most difficult points" but that "we have some ways to go".

What are the sticking points?
Sticking points in negotiations in recent months have included how a deal would be enforced, issues around intellectual property protection, and how fast to roll back tariffs.

Gary Hufbauer from the Peterson Institute for International Economics in Washington said enforcement was a crucial issue, but remained optimistic about the prospect of a deal.

"China will make lots of promises, the US remains sceptical on implementation," he said.

Still, he expects a deal to be announced by mid-May. The latest round of talks are expected to be followed by further negotiations in Washington on 8 May.

The US accuses China of stealing intellectual property and wants Beijing to make changes to its economic policies, which it says unfairly favour domestic companies through subsidies. It also wants China to buy more US goods to rein in a lofty trade deficit.

Mr Xi addressed some of these concerns last week at the Belt and Road forum in Beijing ahead of the trade talks.

He said China would boost efforts to secure intellectual property protection, increase imports of goods and services and ensure a fair trading environment for firms.

But what makes trade negotiations particularly difficult to resolve is the fact they are part of a broader power struggle between the world's two largest economies.

China's growing influence has put many Western governments - and particularly the US on the defensive. Some in China see the trade war as part of US efforts to curb its rise.

Against this backdrop, there is a view that the trade deal will not put an end to a US-China rivalry, which is already playing out in the technology sector.

What's at stake?
The trade war is already having an impact on the world economy.

International Monetary Fund chief economist Gita Gopinath said the escalation of US-China trade tensions was one factor that had contributed to a "significantly weakened global expansion, especially in the second half of 2018." The IMF cut its growth forecast for this year by 0.2% to 3.3%.

The Organisation for Economic Cooperation and Development (OECD) also said tariffs imposed by the US and China last year had slowed economic growth in the world's two largest economies.

Beyond the tangible economic fallout, some fear the trade war is challenging the multilateral system which has governed global trade for decades, including through the World Trade Organisation (WTO).

"The system is already fragile. An all out trade war, in which both sides break their WTO commitments, will be very damaging," Mr Hufbauer said.