Month: June 2023

South Korea to participate in Mongolia’s mining infrastructure constructions

On Monday, South Korean Vice Foreign Minister Lee Do-hoon met Mongolia’s Chief Cabinet Secretary D.Amarbayasgalan at the seventh meeting of the South Korea-Mongolia Joint Committee, a regular high-level comprehensive consultative body, in Ulaanbaatar. During the meeting, South Korea and Mongolia have agreed to boost cooperation in global supply chains, especially in mineral resources, Seoul’s foreign…

Mongolian Prime Minister begins 6-day trip in China

Mongolia is expected to enhance cooperation with China on technology, railway connections and green development as its prime minister kicked off a six-day visit to its neighbour on Monday. L.Oyun-Erdene, who is leading the high-level delegation, is expected to meet Chinese Premier Li Qiang and will also attend the World Economic Forum’s 14th Annual Meeting…

US Under Secretary Fernandez to visit Oyu Tolgoi mine

Under Secretary of State for Economic Growth, Energy, and the Environment Jose W. Fernandez is visiting in Ulaanbaatar, Mongolia on 25-29 June, to meet with senior government officials and other stakeholders to deepen U.S.-Mongolia economic ties.  The trip’s purpose is to explore collaboration on projects to advance Mongolia’s economic development and resilience, with a focus…

Narrowing Mongolia’s trade-led development gaps and tapping into its export potential

Tapan Mishra, Resident Coordinator, United Nations Mongolia As a landlocked country, Mongolia faces a multitude of challenges in trade and export. Its export is largely dependent on mineral resources and primarily as raw material. Yet, we see tremendous opportunities to tap into the potential in trade and export with possible value-added processing, leveraging the advancement…