1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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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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B.Javkhlan: The decision to buy 49% of EMC is now a big step closer to completion www.montsame.mn

During the press conference held on August 24 to present the decisions made at the regular Cabinet meeting, Minister of Finance B.Javkhlan gave some information about Parliamentary Resolution No. 23 of 2017.
He said, "In order to ensure the implementation of the Parliamentary Resolution No. 23 of 2017, or the resolution to settle debts related to 49 percent shares of Erdenet Mining Corporation (EMC) through mutual deduction and negotiation, the following decision was made at today’s Cabinet meeting.
Last June, a decision was made by the Cabinet to mutually deduct MNT 168 billion. For this time, the Cabinet resolved to deduct MNT 480 billion from the Bank of Mongolia’s receivables from the Trade and Development Bank. It means that the government has approved mutual deductions of about MNT 580 billion
As a result, the resolution of the Parliament of Mongolia to make EMC 100 percent state-owned has been fully implemented. In other words, the decision to acquire 49 percent of EMC is now a big step closer to completion".
“Law enforcement and supervisory bodies worked very well to achieve today's results. In particular, I would like to emphasize that the IAAC provided legal opportunities in a short period of time”, added the Minister.
 
 
 
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The Government of Mongolia and the United States Government’s MCC Break Ground on Water Recycling Plant in Ulaanbaatar www.montsame.mn

On August 2, the President of Mongolia Ukhnaa Khurelsukh was joined by the Millennium Challenge Corporation’s (MCC) Acting Vice President of Compact Operations, Cameron Alford, and the U.S. Assistant Secretary of State for East Asian and Pacific Affairs, Daniel Kritenbrink, to break ground on a water recycling plant — the first of its kind in Mongolia.
“I am proud to be here in this beautiful city with President Khurelsukh to advance critical water infrastructure and affirm the strong partnership between the United States and Mongolia,” said Alford. “Ulaanbaatar is one of the world’s most water-scarce cities, and it is extremely vulnerable to the impacts of climate change. This plant will contribute to providing a safe and sustainable supply of water to households and businesses, while also strengthening the capital city’s climate resilience and water security.”
In less than three decades, the population of Ulaanbaatar has nearly tripled in size, increasing the demand on the city’s water supply. The city now faces imminent water shortages that pose a significant threat to its residents and Mongolia’s economy. The advanced water recycling plant — which is scheduled to begin construction this month — is an example of MCC’s commitment to countering climate change. The water recycling plant will help enhance Mongolia’s climate resilience and ensure a safe and sustainable supply of water to households and businesses in the capital city by freeing up 15 million cubic meters of fresh water per year for the people of Ulaanbaatar.
“Everybody knows that water is a source for all living beings, and its significance is vital for human life,” said Mongolian President Khurelsukh at the groundbreaking celebration. “By recycling water, Mongolians will now help Mother Nature in the natural rebirth of water. We are becoming eco-friendlier and more responsible.”
In 2018, the Government of Mongolia and MCC signed a compact agreement to invest $462 million in total in the country’s water sector — $350 million from MCC and $111.8 million from the Mongolian government, one of the largest partner country contributions in the history of MCC. A significant portion of the Water Recycling Plant funding is made possible by the Government of Mongolia – a critical investment that will significantly enhance the impact of the overall compact.
The compact will increase the available water supply in Ulaanbaatar by 80 percent through three integrated components:
· The construction of both new groundwater wells downstream of Ulaanbaatar and a state-of-the-art advanced water purification plant to remove contaminants and ensure that drinking water is ready for widespread municipal use;
· The construction of a new wastewater recycling plant and pipelines to provide high-quality recycled water that can be used by industry; and,
· Strengthening the Mongolian government’s capacity through technical assistance and the implementation of policy reforms that improve the long-term sustainability of Ulaanbaatar’s water supply.
The Millennium Challenge Corporation is an independent U.S. government agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants and assistance to countries that meet rigorous standards for good governance, fighting corruption and respecting democratic rights.
Source: U.S. Embassy in Mongolia
 
 
 
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EU extends budget support in Mongolia until the end of 2024 www.montsame.mn

Ambassador of the European Union to Mongolia Axelle Nicaise and Minister of Finance B.Javkhlan reinforced the partnership between the European Union and Mongolia.
They signed a document that supports the Government policies in the fields of employment reforms and the transparency of public finances.
“The European Union’s partnership with Mongolia is very strong: we support employment reforms, upgrading of skills and at the same time we contribute to increasing the transparency of public finances. We have adapted our indicators and deadlines to reflect the socio-economic circumstances created by the pandemic and the fragile international conditions. This is a clear demonstration of the European Union commitment to the Mongolian citizens. I am pleased that our interventions are in line with Mongolia’s policies”, said Ambassador Axelle Nicaise.
During the meeting, Finance Minister B.Javkhlan expressed his gratitude to the European Union for the budget support grant during the difficult times of the COVID-19 pandemic, as we all easing the requirements as per the financing agreement and extending the period by one year, which provides additional time to achieve the agreed results.
The document signed is an Addendum to the Financing Agreement of EUR 43 million on "Budget Support for Mongolia's Employment Reforms" Programme which extends the duration of the Programme until the end of 2024.
Since the signature of the Financing Agreement of EUR 43 million in May 2020, a total of EUR 22.2 million of direct transfers for Budget Support (non-refundable grants) have been provided by the European Union to the Government of Mongolia. The contract signed today extends the Budget Support Programme by one more year. This allows the Government to have sufficient time to achieve the agreed results. It is expected that by end of 2022 additional EUR 6.6 million will be disbursed under the Programme, provided that all criteria and targets are met.
To support the efforts of the Government in the public finance management and employment reforms, the European Union has launched complementary assistance to the Programme with a project of EUR 7.4 million implemented by UN Agencies (UNDP in the lead, FAO, ILO) together with the line Ministries.
Source: Delegation of the European Union to Mongolia
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The Erdeneburen hydroelectric power plant is game-changer for Mongolia www.news.mn

China’s Foreign Minister Wang Yi signed signed major energy agreements, including a pledge to advance the Erdeneburen hydroelectric power plant during a two-day state visit to Mongolia in early this month. This was Wang’s fourth official visit to Mongolia since he became foreign minister of China in 2013.
The 90-megawatt Erdeneburen hydroelectric power plant, which is planned to be Mongolia’s biggest dam, is part of Ulaanbaatar’s effort to diversify its energy sources. Mongolia’s energy dependency on Russia and China – and the constant shortages and problematic management – have caused a headache for different administrations for decades.
In September 2021, Mongolia signed a deal awarding construction of the hydropower plant to the Power Construction Corporation of China, with the deal to be financed through a USD 1 billion loan from the Chinese government. In January 2022, Mongolia’s Minister of Energy N.Tavinbekh stated that construction would begin in March and take just over five years.
The Erdeneburen hydroelectric power plant is promising and a potential game-changer.
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Oil producers express approval for output cut www.nhk.or.jp

Oil producing countries are expressing approval for an output cut hinted at by the energy minister of Saudi Arabia.
Earlier this week, Abdulaziz bin Salman indicated the possibility of decreasing production based on oil price movements.
Saudi Arabia leads OPEC Plus, which includes Russia and other countries that produce oil but are not members of the Organization of the Petroleum Exporting Countries.
The group holds monthly meetings to decide its output policies.
On Wednesday, Iraq's state-run oil company released a statement expressing approval of the remarks by the Saudi minister. Iraq is the third largest producer in OPEC Plus.
On the same day, Kuwait and Algeria also indicated their approval.
Crude oil prices surged to a record high in March, due to Russia's invasion of Ukraine.
But this month, prices are showing signs of falling against the backdrop of worries about economic slowdowns in the US and China.
Oil producers are apparently on the alert for price drops.
All eyes are on the next monthly meeting of OPEC Plus to be held on September 5.
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Rio Tinto raises offer to take direct control of Mongolia copper mine Oyu Tolgoi www.ft.com

Mining group Rio Tinto has raised its offer to take direct control of the huge Oyu Tolgoi copper mine in Mongolia, weeks after its initial bid was rebuffed.
The FTSE 100 group said on Wednesday it had increased its offer for the stake it does not already own in Turquoise Hill Resources, which owns two-thirds of the Oyu Tolgoi project, to $3.1bn.
Rio offered to buy out minority shareholders in the Canadian vehicle in March for $2.7bn, an offer that was rejected this month by a special committee of independent directors set up by the Toronto-listed group.
Rio, flush with cash from soaring commodity prices, came back on Wednesday to offer C$40 (US$30.79) a share, an 18 per cent improvement on the previous offer and a 56 per cent premium to Turquoise Hill’s closing price the day before the original bid in March.
The project is vital for Rio, which generates most of its revenue from steelmaking ingredient iron ore, to pivot towards metals needed in a low-carbon economy.
Chief executive Jakob Stausholm said the company “believes this offer not only provides full and fair value for Turquoise Hill shareholders, but is in the best interests of all stakeholders as we work to move the Oyu Tolgoi project forward”.
Shares in Turquoise Hill jumped 21 per cent on Wednesday, while those in Rio in London dropped 2 per cent.
While Rio operates Oyu Tolgoi, it does not have a direct stake in the project, instead holding a 51 per cent stake in Turquoise Hill, which in turn owns 66 per cent of Oyu Tolgoi. The remainder is owned by the Mongolian state.
Located in the Gobi desert, Oyu Tolgoi is one of the world’s biggest deposits of copper, a metal vital for the energy transition since it is used in vast quantities in electric vehicles and renewable projects.
Starting with initial production volumes of 500,000 tonnes of copper a year, the project will be one of the world’s biggest mines for the base metal once an underground expansion is completed.
Large diversified mining companies are keen to get their hands on copper projects since production needs to double by 2035 to electrify the global economy and meet emissions targets, according to S&P Global. But they have been hesitant to spend big to acquire projects after a decade of discipline on capital spending.
In a sign of change, BHP Group had a $5.8bn bid to acquire Oz Minerals rejected this month. The world’s largest mining group made the offer after copper prices had fallen sharply from a record high in March above $10,600 a tonne to their current level of about $8,000 a tonne.
Turquoise Hill is set to raise equity proceeds to fund the underground expansion, which in total is expected to cost $7bn to develop, should Rio fail to take it over.
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China-Financed Hydroelectric Power Plant Faces Popular Opposition in Mongolia www.thediplomat.com

In early August, China’s Foreign Minister Wang Yi paid a two-day state visit to Mongolia. There, he signed major energy agreements, including a pledge to advance the Erdeneburen hydroelectric power plant. This particular energy agreement is raising a wide range of speculation about the deepening of China-Mongolia bilateral relations but also environmental concerns – the project has the potential to damage Ramsar wetlands in northwestern Mongolia.
This was Wang’s fourth official visit to Mongolia since he became foreign minister of China in 2013. This particular visit was highly anticipated after a tremendous effort demonstrated by the Mongolian side in coping with Beijing’s draconian COIVD-19 policy. During Wang’s state visit, Mongolia and China signed the Cooperation Agreement and Plans for 2023-2024.
To jump-start bilateral economic activities, the Mongolian government prioritized major infrastructure agreements, partly to attract foreign direct investments and partly to accelerate long-stalled mega-projects, including the Erdeneburen hydroelectric power plant.
The 90-megawatt Erdeneburen hydroelectric power plant, which is planned to be Mongolia’s biggest dam, is part of Ulaanbaatar’s effort to diversify its energy sources. Mongolia’s energy dependency on Russia and China – and the constant shortages and problematic management – have caused a headache for different administrations for decades. At the same time, managing such a large hydroelectric power plant could prove difficult as well, as Mongolia has no previous experience in that regard.
In September 2021, Mongolia signed a deal awarding construction of the hydropower plant to the Power Construction Corporation of China, with the deal to be financed through a $1 billion loan from the Chinese government.
In January 2022, Mongolia’s Minister of Energy Tavinbekh Nansal stated that construction would begin in March and take just over five years. “The one remaining issue is to remove the local communities that have agricultural and herding establishments” in the affected area, Tavinbekh said. “The government is working to relocate these communities and find a likely financial repayment for their relocation.”
The government is forging ahead, but the Erdeneburen hydroelectric power plant remains controversial. It may pose significant environmental damage to one of Mongolia’s most extensive wetlands, which sustain not only the local community but also migrating animals and protected animals such as snow leopards. Wetlands act as a big sponge that collects and removes environmental toxins. The removal of wetlands can cause a cascade of environmental failure.
Moreover, even on the topic of management, the sustainability of such a large hydropower plant is also questionable, given Mongolia’s previous failure to pursue hydroelectric power plants as alternative energy.
One prominent case is the Egiin Gol Power Plant, which initially began in 1991 and acquired Chinese funding but faced environmental opposition from Russia. After 16 years of back-and-forth and wasted efforts and time, it was finally discontinued in 2007.
The Erdeneburen hydroelectric power plant, although promising and a potential game-changer, does not have the public’s confidence. The underlying issue is precisely the same as Egiin Gol: environmental concerns. It doesn’t matter if the Russians brought up the environmental issue or Mongolian environmentalists brought it to light. These issues need to be publicly addressed and discussed.
In an opinion piece published in June, Mongolian environmental activist Sukhgerel Dugersuren wrote a thorough report on the potential damage the Erdeneburen hydroelectric power plant could pose to the native species in that region. She concluded that PowerChina – the engineering corporation that would be executing the dam work – is known for “rapid dam-building” and for high-quality construction.
As Mongolia transitions to hydroelectric energy – something Mongolia is unaccustomed to, considering its extreme distance from a large body of water – the last thing the country need is to build a dam quickly and then spend decades fixing it. Hence, it is essential for the government and its agencies to consider and discuss all aspects before committing to destroying a vast area of untouched landscape.
According to Sukhgerel, “[A]s of 2 June, construction has not started: the relevant authorities in China are hesitating since local communities communicated their concerns via the embassy in Mongolia.”
Popular opposition to such a large power plant is not surprising. Destroying a vast area of natural habitat will face popular animosity in Mongolia. This public opposition is not new, nor is it unique to the Erdeneburen project.
For one, throughout different administrations, Mongolia’s government has often rushed to attract foreign direct investment without meticulous research and plans for allocating financial and capital resources.
Second, when a mega-project proposal or agreement is underway, the government repeatedly overlooks or neglects the local communities’ concerns, causing widespread opposition. Most of the concerns center on the destruction of certain sacred lands and natural habitats. One major case involved previous efforts to save Noyon Uul from exploitation in a mining project.
While the need to accelerate Mongolia’s economy and diversify its energy sector is crucial, the government should not turn a blind eye to environmental issues that can damage the country’s largest wetlands.
Yet the current government of Mongolia has been proactive in pushing major infrastructure deals with Beijing, including not only the Erdeneburen project but also major railways.
Prime Minister Oyun-Erdene Luvsannamsrai’s government is seeking to align Mongolia’s infrastructure development plans with Beijing’s Belt and Road Initiative. The logic behind such a strategy is that Beijing has always been open to cooperate with Mongolia’s development sector and acted as a major financier. Oyun-Erdene has previously mentioned the economic opportunities offered by China number of times as part of his government’s “New Revival Policy,” a post-COVID economic recovery plan.
However, skeptics of the current government have voiced worries about the government’s over-commitment to mega projects. The deepening of Mongolia’s dependency on China is also a concern.
In the grand scheme of themes, since Russia’s invasion of Ukraine, Mongolia’s foreign policy has been in murky water. While Ulaanbaatar prioritizes its traditional bilateral relations with Russia and China – for obvious geopolitical reasons – the significance of having continued a strong connection with rest of the world became ever clearer.
This was a busy summer for Mongolia. Ulaanbaatar hosted multiple international conferences and multiple high-level visits of foreign officials. Following Wang Yi’s state visit, U.N. Secretary General Antonio Guterres came to Mongolia and participated in a tree planting ceremony with Mongolian President Khurelsukh Ukhnaa.
Despite these high-level visits and international commitments to climate change and environmental investment, the government must address the issues raised by Erdeneburen hydroelectric power plant.
Given Mongolia’s ecosystem, the tiniest wetlands play a significant role in sustaining the country’s vast untouched landscape. In short, at a time when the president has pledged to plant 1 billion trees, the other side of the government cannot be negligent and duplicitous about other environmental concerns.
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.
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DeepTek’s AI-powered solution accelerates Mongolia's fight against TB www.biospectrumindia.com

Pune-based startup DeepTek's AI-powered TB screening solution Genki is helping Mongolia in its fight against tuberculosis (TB). Ministry of Health Mongolia's National Center for Communicable Diseases (NCCD) has joined hands with DeepTek to improve its screening capabilities and make the process faster and more affordable. As per the studies by WHO, Mongolia is one of the countries with the highest TB prevalence, with around 4000 TB cases reported yearly.
Genki analyses chest X-Rays within a minute to automatically triage TB suspects. Only the suspects triaged positive on DeepTek's AI solution are sent for further confirmatory molecular tests. This substantially reduces the need for conducting expensive molecular tests – bringing down the overall costs. Instant results also ensure that suspected patients can be educated on the spot and cases are not lost for follow-up. The NCCD is responsible for infectious disease control in Mongolia and plays a crucial role in preventing and controlling the spread of contagious diseases.
DeepTek's solution has 'end-to-end workflow', which ushers the much-needed last-mile approach in bridging the gaps in disease elimination. It seamlessly integrates with mobile X-ray units to ensure instant triaging / pre-screening and make imaging assessment, diagnosis, and reporting seamless even in the remotest part of the world.
 
 
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Domestic need of wheat and potato to be fully secured www.montsame.mn

At the regular Cabinet meeting today, August 24, the Minister of Food, Agriculture and Light Industry reported on the preliminary harvesting balance of 2022 and the export of meat and meat products.
According to the preliminary balance, it is expected to harvest 470.3 thousand tons of grain, of which 441.4 thousand tons are wheat; 234.1 thousand tons of potatoes, 125.8 thousand tons of vegetables, 55.7 thousand tons of oil plants, and 104.4 thousand tons of fodder plants. Moreover, 49 thousand tons of wheat will be reserved. As a result, it is possible to fully meet the wheat and potato needs, and 70 percent for vegetables, which is 12 percent more than last year.
At the cabinet meeting, Minister Z.Mendsaikhan was assigned to organize harvesting within a short period, stock up a sufficient quantity of seeds of grain and fodder plants for next year's sowing, and support the storage and sale of potatoes and vegetables.
In this regard and in order to keep the prices of potatoes and vegetables stable, the Ministry of Agriculture and Light Industry is working together with the Office of the Capital City Governor to organize the sale of potatoes and vegetables at 31 locations in Ulaanbaatar city.
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Mongolia, United States hold 15th annual bilateral consultations www.montsame.mn

The 15th consultation meeting and the first strategic dialogue between the Ministry of Foreign Affairs of Mongolia and the U.S. State Department were held on August 24, 2022 in Ulaanbaatar.
The meeting was chaired by Secretary of State of the Ministry of Foreign Affairs of Mongolia N.Ankhbayar and Assistant Secretary of State for East Asian and Pacific Affairs of the U.S. State Department Daniel J. Kritenbrink.
At the meeting, the parties exchanged views on a wide range of issues, such as further strengthening the strategic partnership between Mongolia and the United States, deepening economic cooperation, cooperating in the post-pandemic economic recovery, and organizing high-level reciprocal visits.
The Mongolian side during the meeting presented the latest political, economic and social situation of the country, measures aimed at economic recovery, the long-term development policy ‘Vision-2050’ and the ‘New Revival Policy’, as well as the measures being taken by the government to attract foreign investors and restore their confidence.
Reaffirming that the relations with the U.S. occupy an important position in Mongolia’s foreign policy as a key third neighbor, the Mongolian side expressed its commitment to further expanding and deepening cooperation in all fields.
In turn, the U.S. side reaffirmed its commitment to supporting Mongolia’s efforts to be stable, economically successful, and have a strong democratic system, while expressing readiness to cooperate in several areas. For instance, the parties are working to establish an Air Transport Agreement that will allow direct flights between Mongolia and the U.S. and ensure the implementation of the Water Compact Agreement.
Assistant Secretary of State Daniel J. Kritenbrink emphasized that the U.S. attaches great importance to the strategic partnership relations that are being developed with Mongolia, and emphasized that Mongolia-U.S. relations have successfully strengthened in all fields of cooperation in the past thirty years and that there are ample opportunities for further development.
Based on the results of the meeting, a joint statement was issued and it was agreed to hold a Mongolia-U.S.-Japan tripartite meeting, a regular Mongolia-U.S. consultative meeting on economic policy, and a regular meeting of the Mongolia-U.S. intergovernmental trade and investment committee in the near future.
This meeting was unique in that it took place within the framework of the 35th anniversary of the establishment of diplomatic relations between the two countries.
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