The Female Foreign Ministers’ Meeting commenced today in Ulaanbaatar, bringing together female foreign ministers of countries around the world, ambassadors for gender equality, and representatives from the UN and other international organizations.

We are presenting the full transcript of the opening remarks by President of Mongolia Khurelsukh Ukhnaa, delivered at the Female Foreign Ministers’ meeting.

Esteemed Foreign Ministers,

Distinguished delegates,

Ladies and gentlemen,

Good morning to you all, who have gathered here to participate in the international meeting of Female Foreign Ministers on this auspicious day.

I wish to express my sincere gratitude to our third neighbors, German Federal Foreign Minister Ms. Annalena Berbock and French Minister for Europe and Foreign Affairs Ms. Catherine Colonna, for their invaluable co-sponsorship of the meeting.

Historical records dating back eight centuries reveal that envoys and representatives from the East and the West gathered in Karakorum, the ancient capital of Mongolia, to discuss the strengthening of people-to-people relations and solidarity, promotion of understanding among religions, and expansion of trade and commerce.

With utmost appreciation, I extend my heartfelt gratitude to the esteemed Female Foreign Ministers and guests who, likewise, have convened from across the globe to address the challenges faced by the global community and in international relations, including peace and security, climate change, and the formidable challenges of food security.

In the 13th century, the Great Chinggis Khaan, under the principles of statehood and the rule of law, brought peace and harmony to the West and the East, established “Pax Mongolica” in the vast terrain of Eurasia.

During the “Pax Mongolica” era, paramount importance was accorded to the rule of law, and thus fostered an environment where nations coexisted harmoniously, free from conflicts, and thereby laid the foundation for a peaceful life.

Jack Weatherford, renowned American scholar and recipient of the Order of Chinggis Khaan, and other international scholars have extensively documented in their works the important roles played by Mongol women and queens in these historical times.

Nowadays, the role and leadership of women leaders are crucial to ensuring global peace and security, and achieving the sustainable development goals.

We now have less than half the time to achieve the SDGs compared to when it was adopted and the implementation of the 5th goal of ensuring gender equality still remains still insufficient.

Gender statistics highlight the importance of bolstering female representation at decision-making levels, fostering robust support for women's employment, and empowering women economically as primary areas of concern.

Researchers have concluded that as the proportion of women in national parliaments increases, the likelihood of violence, human rights violations, wars and conflicts decreases.

Hence, fostering a world free of gender inequality stands as our shared aspiration. It is our collective duty and responsibility to collaborate towards its realization.

Strong partnership and close cooperation among women leaders are critical to achieving gender equality.

I am confident that today’s Female Foreign Ministers’ Meeting will contribute to the achievement of the SDGs, in particular gender equality, highlight the importance of women’s participation and leadership in addressing global challenges, and strengthen their leadership and political will.

Distinguished delegates,

Evidence shows that women’s heightened participation in political and public life and decision-making level enhances the prospects of resolving interstate misunderstandings, mistrust, disputes and conflicts through dialogue and consultation, while further increasing the likelihood of its successful implementation and the longevity of peace agreements.

Mongolia has long pursued a peace-loving, open, multi-pillared and independent foreign policy and has actively participated in the strengthening of international peace and security and contribute to peacekeeping endeavors.

Presently, in terms of the number of women peacekeepers, Mongolia ranks 17th out of 120 countries, which donate military and police forces to the UN Peacekeeping operations, leading the Northeast and Central Asian regions.

In commemoration of the 20th anniversary of Mongolia's participation in UN Peacekeeping operations, we took the lead in organizing an international conference entitled “Strengthening the Role of Women in Peacekeeping” in 2022.

Furthermore, during my address at the General Debate of the 77th session of the UN General Assembly, I proclaimed Mongolia's decision to hold the conference every five years.

We do hope that this decision will fortify the implementation of UN Security Council Resolution 1325 on Women, Peace and Security, while concurrently raising awareness of the importance of increasing the number of women in peace processes.

Therefore, I would like to emphasize the importance of your cooperation, courage and determination and efforts in amplifying women’s leadership and active participation in tackling the global challenges such as fortifying international peace and security, and easing tensions through peaceful means and dialogue.

Distinguished delegates,

Climate change, biodiversity loss, desertification, soil degradation, water scarcity and droughts remain high on the agenda of the challenges that humanity needs to address.

Mongolia is one of the countries heavily affected by climate change.

Mongolia is experiencing global warming at a rate twice as fast as the global average. Over the last 70 years, average temperature in Mongolia rose by 2.2 percent and precipitation decreased by about 7 percent.

In order to combat and alleviate the impacts of climate change, desertification and yellow dust storms, while simultaneously enhancing water resources and forested areas, the national movement "Billion Trees" is being effectively rolled out in our country to plant and grow billions of trees.

I am pleased to note that the "Billion Trees" national movement received support from governments and development partners, international organizations, leading Mongolia to become the first Asian country to participate in the EU's Forest Partnership program in 2022.

With a view to contributing to addressing climate change and mitigating its negative impacts both at the regional and international levels, as well as to protecting the environment, I am pleased to inform that preparations are underway to host the 17th session of the Conference of the Parties to the UN Convention to Combat Desertification (UNCCD COP17) in 2026 in Mongolia.

As Mongolians, our rich cultural heritage is deeply rooted in nomadic traditions and a pastoral way of life.

Regrettably, 77 percent of our land has been affected by desertification and land degradation.

The ever-dwindling rangelands pose a grave threat to the livelihoods of over 200 million people across nomadic civilizations worldwide, including ours, as climate change, land degradation, desertification, drought and the “dzud” winter disasters persistently jeopardize their way of life.

I am pleased to note that in order to protect their interests, improve pasture management and use, preserve ecosystem balance, and provide global food security and supply, Mongolia initiated a UNGA resolution entitled “International Year of Rangelands and Pastoralists, 2026”, which was adopted in 2022.

Although climate change is affecting everyone on the planet, its impact is disproportionate and varies across age, gender, ethnicity and other socio-economic factors.

UN climate studies reveal that women comprise 80 percent of those displaced by climate change.

According to the analysis of Carbon Brief, 70 percent of the climate and health related researches indicate that compared to men, women face greater vulnerability to health-related consequences resulting from climate change

Therefore, I wish to underline that international cooperation is essential for the effective implementation of gender-sensitive budgeting at the international, regional and national levels, ensuring women's participation in decision-making processes in the areas of climate change, environment and disaster risk reduction.

Distinguished delegates,

According to a UN statistic, in 2021 one third of the global population faced food insecurity and the number of people affected by hunger globally had risen by 350 million compared to the pre-pandemic period.

International organizations have estimated that by 2030, 670 million people, constituting 8 percent of the world’s population, will still be facing hunger.

Mongolia has been implementing the “Billion Trees” national movement alongside other programs focused on “Food Supply and Security” and “Healthy Mongolians” in order to implement the Sustainable Development Goals and to create a healthy environment, where people would live a healthy life by consuming healthy food.

We express our profound gratitude to the international organizations and countries for their cooperation on implementing these programs.

Women contribute to over 50% of the world’s food production.

Therefore, empowering women in agriculture, fostering their active participation, and embracing innovation and digital technologies to combat food insecurity, alleviate hunger, and reduce poverty stand as the most effective solution to improve food security and reduce hunger and poverty.

In our collective pursuit of a world brimming with peace and harmony, let us unite in the acknowledgment that gender equality and the safeguarding of women's rights, as indispensable components of human rights, serve as primary benchmarks for democracy.

I wholeheartedly extend my warmest wishes to all women and mothers, who bring forth life and embody the nurturing essence, hoping for their utmost happiness and well-being in this world.

The role and participation of women are imperative in ensuring national solidarity and prosperity, and in the well-being of families. In the same manner, I wish to accentuate the indispensable role of women and women leaders in the security and development of humanity.

I truly wish every woman, mothers of life and root of all success, the very best in this world.

Welcome to our beautiful country and I wish you a memorable stay in Mongolia!

I thank you for your attention.

Cashmere Holding, Yalguun Accessories, Michel & Amazonka and 93 Kidult are going to represent Mongolia at "Tokyo Fashion World" the Japanese largest trade show in Big Site Tokyo between 10-12 Oct. 2023.

The exhibitors will present their fashion designs to the visitors and they will also have an opportunity to meet the potential international trading agents who will gather at the show for 900 international exhibitors and Japanese leading trading firms, department stores, and boutiques.

MBD represents RX Global UK-based corp in the country and assists/promotes the Mongolian participants with RX Japan the host organizer in Tokyo.

Yalguun Accessories: The company was founded in 2017. Employs 50 people and created more than 600 own product profiles. Yalguun has 7 sales units in Ulaanbaatar and it manufactures its brand of silk scarfs by the own fashion design.www.yalguun.mn

Cashmere Holding: One of the leaders in the Mongolian Cashmere sector known as Eermel or/and its Evseg brand. The company employs more than 1300 workers and its finest cashmere products are made from the very beginning of the procedure like collecting the raw cashmere from the herders. Most of the sales go to the EU and UK as labeled export products. www.cashmereholding.com

Michel & Amazonka: Is a fast-growing fashion design company that employs 50 people including 25 professional designers. The company was established in 2015 by designer sisters Michel Choigaalaa and Amazonka Choigaalaa. Mongolian athletes of the Tokyo 2020 Olympic Games dressed M&A fashion-designed clothes and MIAT (Mongolian Airline) aircrew is having M&A-designed uniforms from now on. www.michelamazonka.com

93 Kidult: The company was established in 2016 and specializes in modern fashion design work mostly on streetwear and activewear types and production.

PARIS, June 28 (Reuters) - French Foreign Minister Catherine Colonna heads to Mongolia on Wednesday aiming to push a potentially 1 billion euro uranium deal for nuclear group Orano that Paris hopes can be concluded in the autumn, French diplomatic sources said on Wednesday.

President Emmanuel Macron stopped off in Ulaanbaatar in May on his return from a G7 summit in Japan, saying that the two countries had agreed to work together to boost French energy sovereignty through the supply of critical metals from Mongolia.

"Mongolia is full of resources and resources that aren't sufficiently exploited, and not all identified," a French diplomatic source told reporters ahead of Colonna's visit.

"There is one major project, which is an Orano project that aims to exploit uranium mines," the source said. "It is ... worth more than 1 billion euros ($1.1 billion) and enables the extraction of a large quantity of uranium."

"It's advancing well, and there is an agreement that is being negotiated with the objective to conclude by next autumn."

According to the company's website it and its partner, Mongolian state-owned Mon-Atom, are working with Mongolian authorities on an investment agreement for the Zuuvch Ovoo project, one of two for which their Badrakh Energy joint venture received mining licenses in 2015.

Orano confirmed the project in question was Zuuvch Ovoo and said in an emailed response to Reuters that negotiations were ongoing and that the company aimed to develop the first uranium mine in Mongolia, "applying the highest standards in terms of health, safety and the environment, as well as social responsibility."

Orano, a major uranium producer with mines in Canada, Kazakhstan and Niger, has been in Mongolia for more than 25 years, carrying out exploration activities, its website showed.

Nearly 80% of Mongolia's total exports go to China, but the mineral-rich country is working to expand trade and mining relationships beyond its two big neighbours China and Russia and hopes to become a bridge between Europe and Asia.

Mongolia is home to major deposits of rare earth minerals, which are essential to many high-tech manufacturing processes and are used in electric vehicles, wind turbines, portable electronics, microphones and speakers.

"There will be other meetings to see what we can do to identify resources and prepare possible exploration cooperations," the diplomatic source said.

($1 = 0.9142 euros)

Additional reporting by Benjamin Mallet; Editing by Jan Harvey and David Evans

Chinese Premier Li Qiang said on Wednesday that China stands ready to deepen political mutual trust and mutually beneficial cooperation with Mongolia.

Li made the remarks when meeting with Mongolian Prime Minister Luvsannamsrai Oyun-Erdene in Beijing.

Noting that China and Mongolia are important neighbors linked by mountains and rivers, Li said the development of long-term and steady good-neighborliness serves the fundamental interests of the two peoples.

China is willing to work with Mongolia to faithfully implement the consensus reached by the two heads of state, continue to enrich the China-Mongolia comprehensive strategic partnership, and accelerate the construction of a China-Mongolia community with a shared future to better benefit the two peoples, he noted.

Li said China is ready to offer mutual support on issues related to the two countries' core interests and major concerns. As China is advancing Chinese modernization, Li said, it is willing to deepen cooperation of various fields with Mongolia, and welcomes the Mongolian side to share the new opportunities brought by China's development.

He urged efforts to synergize strategies in an improved manner, jointly build a high-quality Belt and Road, facilitate trade and investment, and expand cooperation in the mining and energy sectors. He said efforts should also be made to enhance the connectivity of borders and ports, intensify cooperation on desertification control, enhance exchanges in such areas as tourism and education, and promote amity between the two peoples.

China will continue providing assistance to Mongolia to the best of its capacity for the latter's economic and social development, Li added.

Oyun-Erdene said that strengthening cooperation with China is a priority in Mongolia's foreign policy. Mongolia adheres to the one-China principle, and thanks China for providing valuable support for Mongolia's efforts to fight COVID-19, he said.

Mongolia is willing to deepen cooperation with China in such fields as ports, energy and mining, science and technology, tourism, anti-corruption work, desertification control, urban planning and youth affairs to bring bilateral ties to new heights, Oyun-Erdene said.

After the conclusion of the meeting, Li and Oyun-Erdene witnessed the signing of multiple bilateral cooperation documents on issues such as transportation, finance, quarantine, media and wildlife conservation.

(With input from Xinhua)

Nepali Pashmina entrepreneurs and Mongolian officials have reached an understanding to collaborate for quality testing and analysis of wool fibres and to exchange knowledge and research works in the sector.

A memorandum of understanding was signed between the Nepal Pashmina Industries Association (NPIA) and the Research and Development Institute of Light Industry (RDILI) of the Mongolian government in Ulaanbaatar on Wednesday.

Vijoy Dugar, the president of the NPIA, and Turmunkh Togmid, the Director of the RDILI, signed the pact on behalf of their respective agencies, in the presence of Madhu Kumar Marasini, secretary at the Ministry of Industry, Commerce and Supplies, and Jambaltseren Tumur-Uya, state secretary of the Ministry of Food, Agriculture and Light Industry of Mongolia.

Under the MoU, Nepali pashmina entrepreneurs will get samples of pashmina fibre, semi-processed wools, and woollen products tested and analysed by RDILI in Mongolia.

Similarly, both parties have also agreed to share experience, knowledge, and research with each other in the coming days.

The MoU was signed on the sideline of the World Export Development Forum (WEDF) 2023 organised by the International Trade Centre in Ulaanbaatar, Mongolia, which was also attended by a Nepali delegation involving senior government officials and private sector representatives.

The event offered diverse sessions aimed at discussing a wide range of issues pertaining to the export promotion of least-developed countries.

Businesspeople, policymakers, representatives of development partner agencies, and experts discussed regional business connectivity, business voices of landlocked countries, business networking, youth and women participation in businesses, and digital transformation with local innovation.

The EU-funded Trade and Investment supported the participation of Nepali pashmina entrepreneurs at the four-day event that kicked off on Monday.

NPIA was among the 130 companies that participated in the B2B meetings during the WEDF in Mongolia.

“The MoU is a significant step towards securing benefits from Mongolia's experience in woollen and Cashmere production and export and exchanges of various research and innovation in this field,” said Marasini.

Jambaltseren Tumur-Uya, Director of RDILI, said, “The MoU paves the way for Mongolia’s support on quality testing and analysis of Nepali cashmere products from Nepal, expansion of business relations between the two countries and, exchange of knowledge and research works in this field.”

NPIA President Dugar, said, “This MoU provides an opportunity for Nepali pashmina entrepreneurs to take benefits from the long experience and expertise of Mongolia which is a leading producer and exporter of cashmere and woollen products.”

Officials from Nepal and Mongolia also discussed concerns to be raised by Landlocked Developed Countries (LLDCs) at international forums. They stressed the need to establish solidarity among LLDCs to uphold their common interests and agenda.

Resource-rich Mongolia is being rediscovered as an important partner in northeast Asia. However, the riches under the earth have not yet brought the country general prosperity.

The seat of government in Ulaanbaatar has recently become an irresistible draw for prominent Western treasure hunters. In late May, on his way back from the G-7 summit in Japan, Emmanuel Macron became the first French president to visit the Mongolian capital. His goal was to secure access to Mongolian uranium for France's nuclear power plants, as an alternative to Russia.

Two weeks later, it was Elon Musk, citing the country’s rich deposits of copper and rare earths, who brought up the idea of building a Tesla battery factory in Mongolia during a videoconference with Prime Minister Luvsannamrsai Oyun-Erdene. Over the same period, German-Mongolian intergovernmental negotiations have been launched in the capital with the goal of breathing life into an as-yet-anemic bilateral raw materials partnership.

Strong dependence

These renewed approaches to Genghis Khan's heirs bring back memories of a time some 15 years ago, when Mongolia's wealth of raw materials earned the country its nickname of «Minegolia.» In 2009, the British-Australian Rio Tinto Group reached an agreement with the Mongolian government on what remains the country's largest such joint venture, with Rio Tinto serving as the largest shareholder. The venture has rights to exploit the huge Oyu Tolgoi copper and gold deposit in the southern Gobi Desert.

The example of Germany, which built up a particularly close relationship with the former Soviet satellite state after Mongolia's peaceful transition to democracy and a market economy in 1991, shows how quickly European interest once evaporated. In 2011, Chancellor Angela Merkel traveled to Ulaanbaatar to conclude a major raw materials partnership. In fact, the only noteworthy element that has been realized thus far is the creation of the German-Mongolian University for Raw Materials and Technology (GMIT) for the training of specialist engineers.

This has not slowed the pace at which mining has developed into what is today the most important cornerstone of the Mongolian economy, by some distance. Rising from a share of only 10% in 2000, around a quarter of the country’s gross domestic product (GDP) was generated in the raw materials sector in 2022. Similarly, about 25% of government revenues come from mining, which in turn accounts for about 40% of total investment in the country, including foreign direct investment.

The country remains strongly exposed to international market risk in two respects: first, in its high susceptibility to price fluctuations on the international commodity markets, and second, in its almost exclusive dependence on one main customer. Accounting for nearly 85% of Mongolia's exports, almost all raw materials destined for export, especially iron ore, coal and copper, are shipped to China.

Of the more than 100 graduates of GMIT, which launched in 2013, all apparently had jobs before they graduated. The most coveted employer is the Oyu Tolgoi joint venture, with its 20,000 employees. There, the starting monthly salary for engineers, the equivalent of 1,200 Swiss francs, is three times higher than the average wage.

After several years of turbulence, the second stage of underground copper mining finally began this spring. The operation has a targeted total annual output of up to 3 million tons of copper concentrate, further increasing the demand for labor. Together with the approximately 50,000 jobs being indirectly created, this is a significant economic factor in the country, which is almost three times the size of France but has a population of just 3.4 million.

The hundreds of mostly young Mongolians who besieged government offices in Ulaanbaatar for two weeks last December in subzero temperatures took a less rosy view of this resource wealth. The protests, which drew an unusually high level of participation, were triggered by the «coal mafia» scandal that had been uncovered by whistleblowers and then made public by the government surprisingly quickly.

When the coal exports reported in the customs statistics were compared with the quantities actually delivered to China from the mammoth deposits in the southern Gobi, it emerged that additional millions of tons of coal worth several billion dollars had found their way over the years into the neighboring country, bypassing the books. This had apparently been done in complicity with the state-owned company, Erdenes Tavan Tolgoi.

The list of those suspected of involvement in the criminal activities and now under investigation reads like a Who's Who of the political elite, from the former parliamentary speaker Myegombo Enkhbold to ex-president Khaltmaa Battulga, who hurriedly disappeared to South Korea in December.

The frustration and anger unleashed by the news had been building up for some time – in large part as a result of the existential hardship into which the COVID-19 pandemic plunged much of society. The question of why the mining profits were reaching the bulk of the population only in dribs and drabs had become increasingly urgent.

Figures compiled by the World Bank reveal that successive governments have done little to turn this effervescent source of funds to sustainable use, for instance by expanding the country’s future economic base and creating the conditions for growing prosperity. According to that study, 99 cents of every dollar collected from the extractive industry had been consumed over the 20-year period, and only 1 cent had been saved for future investment.

This consumption spending also encompasses the roughly 30% that were used for purposes of social support. This includes superficially generous transfer payments that served largely as political appeasements, especially before elections, but had little lasting effect. However, the period since 2017 has seen some policy reversal, reflected in increased payments into the fiscal stabilization fund and the new sovereign wealth fund launched at the end of 2022.

Return of geopolitics

The rediscovery of Mongolia as an important partner in northeast Asia has come for two primary reasons. In geopolitical terms, it is the observation that the lone democratic state in the region is in danger of being crushed by its autocratically ruled neighbors, China and Russia. This prospect has drawn growing concern in the EU in particular.

There is currently no alternative to the tripartite cooperation being conducted through the China-Mongolia-Russia Economic Corridor (CMREC), established in 2016, which opens access to Chinese seaports for the landlocked country and to Europe via a modernized rail link. But this high level of economic dependence has come at a political cost for Mongolia, which is trying to anchor itself in all directions with «third neighbor» partnership policies intended to protect its independence.

The most recent example is the massive pressure exerted on the government and the public by Russia, a key energy supplier to the country, after the invasion of Ukraine. In a global showdown, Beijing and Moscow are now working in tandem to cut off Mongolia's freedom of choice in foreign policy.

The second motivation for the renewed Western interest in Mongolia is the global hunt for raw materials necessary for the energy transition, along with the desired diversification of supply sources beyond China.

Exaggerated hopes

By estimating the value of Mongolia's commodity holdings at $3 trillion, the International Monetary Fund has put a gigantic figure into play. Volker Steinbach, vice president for raw materials at the Federal Institute for Geosciences and Natural Resources (BGR) in Hanover, says he regards such figures as simply misleading, because they do not take into account the criteria on which the usability of raw material deposits depends.

According to Steinbach, a realistic assessment of the deposits' potential would have to include the local geological and ecological conditions; the economic efficiency of exploitation activities, including the existing infrastructure; the transport costs incurred during export; and the policy environment facing investors in the country. To some extent, Mongolia is a difficult environment as measured by these criteria.

The best-documented deposits are iron ore, copper, gold and coal. In addition, there are considerable reserves of uranium, molybdenum and tungsten, as well as the mineral fluorspar, which is used in industrial processes. Mongolia has the world's third-largest reserves of this latter mineral. All of these are being extracted on a large scale.

By contrast, the development of deposits of lithium, a raw material used in batteries, and of rare earths, which Canadian companies and now South Korea want to enter on a large scale, is still in its infancy and has not yet progressed beyond pilot projects.

However, the expectations driven up by the high levels of demand have been dampened somewhat by a recently updated BGR study on Mongolia’s rare earth reserves. This lists around 80 deposits, six of which were investigated in detail. The report indicated that all of these deposits are located far inland, and will thus require huge infrastructure investments to develop.

The EU puts out its feelers

According to the report, entry would be an economically viable option for the EU only if the raw materials extracted could be processed locally, and did not have to be transported thousands of kilometers via China or Russia.

During Prime Minister Oyun-Erdene's inaugural visit to Berlin last fall, German Chancellor Olaf Scholz assured his guest that Mongolia would be «an important partner» in Germany's diversification strategy for critical raw materials. The ambitious envisaged cooperation agenda ranges from support for the development of raw materials processing to the increased use of renewable energies.

Mongolian expectations are correspondingly high, focused not only on Germany, but on the EU as a whole. The appointment of top diplomat Luvsanvandan Bold to the post of ambassador in Brussels further illustrates the importance attached by Ulaanbaatar to intensive cooperation with the Europeans. As defense minister and later as foreign minister, Bold showed himself to be particularly committed to friendly relations with the EU.

The most recent bilateral agreement is the inclusion of Mongolia in the EU's Forest Partnership Program, which serves climate and nature protection goals. On the other hand, it is not yet clear if or when Mongolia will also benefit from the EU-Asia connectivity strategy adopted in 2018 as a project competing with China's Silk Road Initiative.

BY Jürgen Kahl

On 20 January 2023, the Parliament of Mongolia adopted the Law of Mongolia Investment-Specialized Banking Law (the “Investment

Banking Law”) after six years of pending approval since the draft law has been prepared and submitted to the Parliament of Mongolia (the “Parliament”) in 2016 for parliamentary discussions and enactment.

The Investment Banking Law entered into force on 1 March 2023.

See full article on the link below https://www.melvilledalai.com/.../MONGOLIA-ADOPTS...

On June 27, 2023, U.S. Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez held the first-ever U.S.-Mongolia-Republic of Korea (ROK) Critical Minerals Dialogue with Mongolian Minister of Mining and Heavy Industry Ganbaatar Jambal and Republic of Korea 2nd Vice Minister of Foreign Affairs Lee Do-hoon in Ulaanbaatar. Through the U.S.-Mongolia-ROK Critical Minerals Dialogue, the three governments advanced information exchange and collaboration on critical mineral supply chains.

The dialogue featured both public-private and government-to-government sessions. During the first session, company and industry association representatives exchanged information about the status and potential of Mongolia’s mineral resource sector as well as about global commodity market trends and investment. In the government-to-government session, the three parties highlighted the importance and potential role Mongolia could play in meeting the world’s critical mineral needs. Each side provided views on critical minerals challenges and opportunities, and the parties discussed streamlining coordination, deepening information exchange, and implementing joint initiatives and projects. The three sides agreed that experts from each government would follow up on the dialogue’s key themes to pursue strategic opportunities.

This trilateral convening is just one example of diplomatic efforts by the United States to engage partner countries to achieve more secure and resilient supply chains around the globe. It is imperative that we come together to strengthen cooperation on shared economic, national security, and clean energy goals. Demand for critical minerals, which are essential for clean energy and other technologies, will expand significantly in the coming decades. Through initiatives like the Minerals Security Partnership (MSP), of which the ROK is a leading partner, the United States supports countries in realizing the full economic development benefit of their geological endowments. This is done through catalyzing investment in the critical minerals sector via government and private sector efforts to secure strategic opportunities – across the full value chain – that adhere to the highest environmental, social, and governance standards.

To stay updated, follow Under Secretary Fernandez on Twitter: @State_E, Facebook: @StateDeptE, and LinkedIn: @State-E.

For press inquiries, please contact: E_Communications@state.gov.

Mongolia hosted the Eighth Ulaanbaatar Dialogue on Northeast Asian Security (UBD) in Ulaanbaatar from June 15 to 16. Given the increasing uncertainties in international affairs today, this year’s conference emphasized the significance of dialogue and cooperation, which is a critical mechanism in confidence-building measures.

According to the Office of the Foreign Ministry of Mongolia, participants from 30 countries and more than 180 international and national delegates and government representatives attended the 2023 UBD. That includes high-level representatives such as Nakamitsu Izumi, the United Nations’ under-secretary-general and high representative for disarmament affairs; Kim Gunn, the United States’ special representative for Korean Peninsula peace and security affairs; and Seyfullah Hacimuftuoglu, secretary general of Turkey’s National Security Council.

In her opening remarks, Mongolia’s Foreign Minister Battsetseg Batmunkh noted that Mongolia “has a long-standing and proud tradition of supporting multilateral cooperation efforts.” She added, “The UB Dialogue provides a vital opportunity for participants to exchange views on some of the most important issues currently facing the international community.”

Since its first international conference in 2014, the Ulaanbaatar Dialogue has expanded, involving more diverse profiled participants to enrich the dialogues and the perspectives on regional and global issues such as disarmament, arms control, energy connectivity, and the significance of confidence-building measures, especially concerning conflicting parties.

Northeast Asia has an increasing significance in regional and global security matters due to the number of nuclear weapons states and their role in maintaining both regional and global peace and security. Amid increasing tensions – whether between China and the U.S., the two Koreas, or China and Taiwan – the region’s defense expenditures continue to rise. That includes efforts by regional nuclear powers to build up their arsenals.

As Nakamitsu stated in her presentation at the UBD, “There has been a disturbing trend of regional nuclear-armed States increasing the role and significance of nuclear weapons in their security doctrines, contrary to decades of efforts by the international community to reduce and eliminate nuclear risks.”

For Mongolia, this there is an increasingly pressing need to support peaceful solutions to many of the region’s protracted security issues. The UBD serves as confidence-building measure (CBM) to help bring contesting parties into conversation with each other.

In support of Mongolia’s UBD initiative, Izumi stated, “As the confidence-building measures take effect over time, they can stabilize bilateral and regional relationships, and help clarify shared security interests, further opening the space for trust and cooperation. Ultimately CBMs can serve as a baseline for the pursuit of legally binding measures and agreements on arms control and disarmament.”

This year’s UBD also included a session jointly organized by the Institute for Strategic Studies of Mongolia and the United Nations Department of Political and Peacebuilding Affairs, which created a platform for youth representatives to share their views and recommendations on regional peace and security with policymakers.

Mongolia’s Ulaanbaatar Dialogue is an important, consistent mechanism that seeks to strengthen understanding between actors, observers, and states that have historically been hostile toward each other. As geopolitical issues deepen and states are vulnerable to hostilities, whether historical or contemporary, it is important to hold open dialogues and present opportunities to challenge assumptions and presumptions. The UBD aspires to do just that.

Northeast Asia is a particular tense region in the security realm. With global powers and U.S. rivals such as Russia and China, U.S. allies Japan and South Korea, and nuclear-obsessed North Korea all in the region, there is no shortage of potential flashpoints. Russia’s 2022 invasion of Ukraine, coupled with the Wagner Group’s recent high-profile fallout with Russian President Vladimir Putin, imposes further stress on the already complex and interrelated security dilemmas in Northeast Asia.

For Mongolia, a democracy that is uncomfortably positioned between two nuclear powers and increasingly authoritarian states, the stakes are high. But so are its ambitions: Mongolia wants to see Ulaanbaatar become the region’s most prominent confidence-building mechanism. In May, Mongolia, South Korea, and the United States launched a trilateral meeting in support of maintaining a dialogue with North Korea. Ulaanbaatar’s diplomatic ties with Pyongyang are crucial in such efforts.

While international dialogues and multilateral round-table discussions open certain avenues of peace, Mongolia believes that the actual cooperation and the formulation of policies remain dependent on bilateral ties, diplomacy, and negotiation between states.

GUEST AUTHOR

Bolor Lkhaajav

Bolor Lkhaajav is a researcher specializing in Mongolia, China, Russia, Japan, East Asia, and the Americas. She holds an M.A. in Asia-Pacific Studies from the University of San Francisco.

HONG KONG, June 28, 2023 /PRNewswire/ -- Lying between the vast expanses of Siberia and the Gobi Desert, Mongolia is one of the world's most sparsely populated countries. Here, livestock outnumber humans around 20 to 1, including the animals behind one of Mongolia's economic success stories: cashmere. Soft and lightweight, cashmere is one of the most luxurious fabrics money can buy. In a brand new 30-minute program, CNN's Made in explores the journey of Mongolia's cashmere industry.

CNN meets Mandkhai Jargalsaikhan, the founder and creative director of the knitwear label "Mandkhai," who takes pride in sourcing the finest cashmere directly from Mongolia. Mandkhai's brand is no stranger to the spotlight, with celebrities like Hailey Bieber and Gigi Hadid sporting her pieces. The designer, however, is more interested in highlighting the people who make and inspire the clothes, such as the nomadic herders who supply cashmere fibers. With the cashmere sourcing season well underway, she sets out to visit a supplier in Mongolia's countryside. Bayarduuren Zunduikhuu has lived in this part of Mongolia for a decade. She moves home each season, looking for land where her herd of 500 animals can graze, including the goats she relies on for the cashmere harvest. But extreme weather and declining ecosystems are threatening Bayarduuren's livelihood, the welfare of animals, and the future of this vital community in Mongolia.

The journey continues to Ulaanbaatar, Mongolia's capital, where "Gobi Cashmere" says it runs the largest cashmere store in the world. With decades of domestic cashmere production and distribution under its belt, the brand keeps a focus on accessible yet high-quality cashmere products, entirely made in-house in Mongolia. However, increasing a cashmere product's quality while keeping costs down can be a challenge. The brand is investing in improving their cashmere supply and reducing distribution costs.

To get a global perspective on Mongolia's cashmere output, CNN travels to London to meet Oyuna Tserendorj, a designer showcasing Mongolian cashmere to the world. Oyuna is passionate about connecting her customers with Mongolia and travels to Mongolia every year visit herders across the country. Oyuna has carved out a niche in the global luxury market, with her futuristic yet traditional products stocked in department stores around the world, from Harrods in London to Lane Crawford in Hong Kong.

Finally, back in Mongolia, among the Khentii Mountains CNN meets Ganbold Sosorbaram who has watched over a herd his entire life, just like his ancestors before him. However, how Ganbold makes a living off his herd is changing. Alongside collecting cashmere from goats, Sosorbaram now collects yak wool as well. He supplies a growing number of companies betting that yak could be the next big thing, because it is warmer and rarer than cashmere. Knitwear-maker Bodios pivoted to selling yak wool to stand out in an already crowded cashmere market. The company believes that this market will only grow as consumers become more aware of the environmental challenges that can come with cashmere.

Made in Mongolia trailer: https://bit.ly/3Pz69nh

Made in Mongolia images: https://bit.ly/46mGBQe

Airtimes for 30-minute special:

Saturday, 1st July at 6pm HKT

Sunday, 2nd July at 9:30am HKT

Monday, 3rd July at 1am HKT

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