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The 2019 Mongolian Economic Forum is hosted this week by the Mongolian National Chamber of Commerce and Industry (MNCCI) and co-organized by the Mongolian Economic Forum (MEF) NGO, Mongolian Business Council, and the CEO Club. This year’s forum takes a closer look at issues within the overall theme of “National Interest”. The organizers of the conference hope it helps promote policy positions which encourage greater economic transformation and development with an emphasis on sustainability.

The event brings together private business leaders, entrepreneurs, and civil society groups to discuss challenges and opportunities for Mongolian businesses. A priority for conference participants is improving accountability of government agencies and officials to help promote a stable policy and economic environment which will allow private business to thrive.

On October 29, the government held a separate discussion about continued improvements in sustainable animal farming practices in the agricultural sector. In the meeting the Minister of Food, Agriculture and Light Industry promised that the government’s plan for sustainable development in animal husbandry is intended as a measure to better meet UN Sustainable Development Goals for 2030. The plan incorporates measures to address issues such as pasture management, water supply security, livestock health monitoring and breeding programs, food safety, and developing systems to ensure greater value added.

In his speech, Minister of Food, Agriculture and Light Industry Ch.Ulaan highlighted that the animal husbandry sustainable development plan complies with the UN Sustainable Development Goals 2030 and it correlates with various factors, such as pasture, water supply, climate change; development of value added system for animal husbandry; livestock health and breeding; citizens’ food safety; rural development and social accessibility and inter-sector partnership. He then underlined that the plan is the result of the joint effort of the participants of the 8th Global Agenda for Sustainable Livestock meeting. The government’s animal husbandry plan is an important effort better develop the Mongolian livestock industry to succeed even through Mongolia’s harsh winter conditions, and is an important part of ongoing efforts to diversify the country’s economy.

Anther important part of the economic diversification effort is the country’s oil industry. It has recently been reported that nearly 5 million barrels of oil have been exported from Mongolia this year through September.

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