Newsletters


Mongolia To Enter Visa Free Travel Agreement with Chile
October 26, 2018 by Jacob Blacklock

Click here to view the original Newsletter! The Cabinet of the government of Mongolia convened a regular meeting this week. During the meeting the Cabinet discussed steps for ratification and implementation of new legal cooperation programs with the Republic of Belarus. The new agreements include mutual legal assistance in connection with civil cases, including mutual recognition of judgments.
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Bank of Mongolia Proposes New Trade Agency
October 19, 2018 by Jacob Blacklock

Click here to view the original newsletter! The Bank of Mongolia has made a new proposal for Mongolia to use the Mongolian Tugrug (MNT) in direct trading with neighbors China and Russia. Current standard practice is to use USD in trade with neighbors. The call comes as the MNT has weakened 5.5% against the USD but has gained in value when
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$5 Billion in Mongolian Mining Projects Pending
September 7, 2018 by Jacob Blacklock

Click here to view the original Newsletter! This week is the 16th Discover Mongolia conference, jointly organized by the Government of Mongolia, the Ministry of Mining and Heavy Industry, the Mongolian National Mining Association and the Business Council of Mongolia. Discover Mongolia is an international forum for mining industry investors and aims to promote a pro-business mining policy environment in
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Mongolia-Russia Business Ties Strong
August 31, 2018 by Jacob Blacklock

Click here to view the original newsletter! News Reports this week demonstrate progress in growth of Russia-Mongolia trade, one year after opening of the Russian Trade Representation Office in Mongolia. According to numbers provided, trade between Russia and Mongolia increased by over 40% over 2017. A large amount of this increase appears
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Mongolia Hosts China Foreign Minister
August 24, 2018 by Jacob Blacklock

Click here to view the original newsletter! The big news in Mongolia this week is the visit by Chinese Foreign Minister Wang Yi. Mr. Yi was in the country to discuss matters of economic ties between the countries. During the visit Mr. Yi paid a courtesy visit to Mongolian President Battulga, where they discussed matters of bilateral cooperation. President Battulga
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Mongolian Meat Industry Has Room to Grow
August 3, 2018 by Jacob Blacklock

The meat industry, particularly exports, is one of the most promising avenues for Mongolia to diversify its economy away from overreliance on extractive industries such as mining. Mongolia now exports at least 29,300 tonnes of meat annually, however this number is relatively now compared to the national livestock herd of over 66 million animals. Mongolia’s large ratio of livestock to
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Tavan Tolgoi Coal Mine Due For Expected Upgrade
July 20, 2018 by Jacob Blacklock

Click here to view the original newsletter! Estimates of coal reserves at the Tavan Tolgoi are due to be reexamined. The deposit was estimated in 2011 to hold 7.4 billion tons of coal, worth an estimated $ 5.7 billion USD. Now due to improvements in geological scanning and extraction technologies, the amount of reserves is expected to be much higher. The
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Mongolia to Reform Law on Currency Settlement
July 6, 2018 by Jacob Blacklock

Click here to view the original newsletter! Bank of Mongolia is preparing to submit proposed amendments to the Law on Currency Settlements to Parliament. The amendments aim to make the currency market more transparent and closer to internationals standards. A discussion on the draft amendments was held by the Bank of Mongolia today. This would be the 20th amendment to
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Government Implements Plan to Raise Employment
June 22, 2018 by Jacob Blacklock

Click here to view the original Newsletter! The Cabinet of the government of Mongolia met this week and agreed to initiate new pilot projects with the goal to alleviate poverty. The specific poverty reduction proposals originated in the governmental action plan for 2016-2020 and seek to improve access to long-term sustainable employment throughout Mongolia. Foreign investment in a variety of economic
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Mongolia and Russia Discuss Economic Cooperation
June 8, 2018 by Jacob Blacklock

Click here to view the original Newsletter! Russian Minister of Industry and Trade, Denis Manturov met with Mongolian Prime Minister U.Khurelsukh this week discussing cross-border trade and economic links between Mongolia and it’s larger northern Neighbor. Trade volumes between the two countries in 2017 were increased 37% over 2016. 2018 is expected to see similar growth. A new railway agreement which will facilitate
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