Ambassador of Mongolia to the United Kingdom H.E. Mr. Tulga Narkhuu has delivered an opening remark at the 7th MINEX Eurasia Mining and Investment Forum on 23 November 2018 which took place in London.
In his opening remarks, H.E. Ambassador Mr. Tulga emphasized the recent changes in the economic condition of Mongolia and provided a brief update on the mining sector development.
Mongolia’s economy grew at an annualized 6.4 percent third quarter of 2018 and shrug off the near deflation rate of 1.2 percent growth in 2016. S&P Global Ratings raised Mongolia’s sovereign credit rating to ‘B’ from ‘B minus’ and assigned a stable outlook. Improved sovereign credit rating means Mongolia’s investment environment is improving and the growth outlook remains favorable for Mongolia.
Ambassador H.E. Mr. Tulga encouraged participants to invest in Mongolian rich mineral resource sector.
Moreover, Ministry of Mining and Heavy Industry and “Erdenes Tavantolgoi” state-owned company representative participated in the forum. ETT Company also showcased its “Tavan Tolgoi” project potential IPO presentation at the forum.
As per the request by the Mr. N.Tserenbat, Minister of Environment and Tourism of Mongolia, the Ambassador Mr. N.Tulga has, on behalf, received the international “Green Apple” award dedicated to the best practices for the environmental protections at the ceremony taken place on 12 November 2018 at the Westminster palace.
This award was given to the “Green passport” initiative, a pioneering effort by the Ministry of Environment and Tourism, which was introduced in view of the government’s environmental and ecological policy with the aim of positively changing attitude of young generation towards environment and nature.
Extraordinary and Plenipotentiary Ambassador N.Tulga has presented his Letter of Credence to Her Majesty Elizabeth II, The Queen of the United Kingdom and the other Commonwealth realms, at the Buckingham palace on 14 November 2018.
Ambassador N.Tulga has expressed his commitments to further strengthen and develop the bilateral friendly ties between Mongolia and the United Kingdom of Great Britain and Northern Ireland.
Upon receiving the Letter of Credence, The Queen has congratulated the Ambassador for his second appointment and while wished him a success in his endeavours, she has expressed her satisfaction toward the enhancements of the bilateral relations.
Extraordinary and Plenipotentiary Ambassador of Mongolia to the UK Mr. TULGA Narkhuu met with The Rt Hon Mark Field MP, Minister of State for Asia and the Pacific at the Foreign and Commonwealth Office (FCO) on 05 November 2018.
The State Minister congratulated the Ambassador on his second appointment and while mentioning successful development in the bilateral economic relations including mining investment and other sectors as Stock exchanges, Cambridge and Chevening programs, M. Field stated that Britain commends Mongolia’s choice to democracy and for being a beacon in the region.
The Ambassador expressed his gratitude for the British efforts on economic and other sectors’ relations and noted his commitment to be a linking bridge between the businesses and entrepreneurs of the two countries.
Mongolia-Britain parliamentary group Chairman S.Batbold and delegation of the State Great Hural (Parliament) of Mongolia has paid a working visit to London in 20 October to 02 November 2018 by the invitation of their British parliament’s counterpart. This was the Mongolian parliamentarian’s reciprocation to visit of the delegation of British Group of International Parliamentary Union (BGIPU) of the Westminster in November 2017.
During the visit, the SGH delegation has had a courtesy call on the Second Deputy Chairman The Rt Hon. Dame Rosie Winterton MP and had meetings with The Rt Hon Mark Field MP, Minister of State for Asia and the Pacific at the Foreign and Commonwealth Office (FCO) and Mr. Julian Knight MP, the UK Trade envoy to Mongolia as well as a visit to the London Stock Exchange.
Mr. John Grogan MP, Chairman of the UK Mongolia All-party Parliamentary Group (APPG) at the British parliament and other members of the group have hosted their Mongolian visitors in a business meeting in where the parties have exchanged their thoughts and ideas on the further prospects of the parliamentary bilateral relations.
The Mongolian delegation has, moreover, attended the House of Common’s FCO question time in where the State Minister has responded to the question “How do you assess the UK-Mongolia bilateral relations”.
The visit has contributed not only to the further strengthening of the Mongolia-UK bilateral relations, but also to the maintaining of the frequency of the high-level exchange visits.
On 11 October 2018, H.E. Mr. D.Tsogtbaatar, Minister for Foreign Affairs of Mongolia, met with Mr. Graham Stuart MP, Parliamentary Under Secretary of State (Minister for Investment), UK Department of International Trade. They have exchanged their views on the current state of trade and economic cooperation and expressed their ideas on how to further expand bilateral relations and exchanged views on current international and regional development.
Minister D.Tsogtbaatar underlined that Mongolia is keen to further expand and develop friendly ties with the UK in all sectors including trade, economic, investment and emphasized the importance of cooperation to bring in British investment, know-how, and high technology to Mongolia. The Minister also has requested to retain by the British side the current European Union’s GSP+ trading preference and facilitations for Mongolian export products after the Brexit.
Also, the minister proposed to organise a business forum in London next year to further promote partnership between businesses of the two countries.
Parliamentary Under Secretary of State (Minister for Investment) Graham Stuart MP expressed his support for Minister D.Tsogtbaatar’s proposals and he reaffirmed that UK Export Finance has announced to provide 200 million GBP funding for Mongolian companies in Mongolian national currency.
H.E. Mr. Damdin Tsogtbaatar, Minister for Foreign Affairs of Mongolia is visiting the United Kingdom on 10-12 October to participate in the “Illegal Wildlife Trade” international conference organized by the British government. During his visit in the UK, the Minister D.Tsogtbaatar met with Mr. Julian Knight MP, the UK Prime Minister’s Trade Envoy to Mongolia.
At the meeting, both sides have expressed opinions on the current state of trade and economic cooperation and exchanged their ideas on how to further improve bilateral relations of Mongolia-UK on future actions in both international and regional affairs.
Minister D.Tsogtbaatar underlined that Mongolia has intentions to expand and develop friendly ties with the UK in all sectors including trade and economic, investment and he has expressed an interest to retain the current European Union’s Generalised System of Preferences Plus (GSP+) trade arrangement and facilitation for Mongolian exporting products to the UK market after Brexit.
“MONBRIT–2018” basketball competition among Mongolians in the UK was successfully held on 22 September 2018 in London. Basketball teams including “MonBrit”, “Tod”, “Manchester Devils”, “Nottingham Robinhood” and “Khiimori” leaded the competition among 15 other teams. The competition for promoting Mongolians in the UK to unite and collaborate is broadening year by year.
Mrs. Unurmaa Janchiv, Cultural Envoy of Mongolia, is organizing a cultural event – Sustainable Fashion – for introducing Mongolian artworks and products on 17–23 September 2018 in London. This event is a partner event of the London Design Biennale–2018 which is being held during the dates of 04–23 September in London and showing amazing artworks and Mongolian cashmere and yak wool products as well as fine jewellery and silk prints by Mongolian artisans.
H.E. Ambassador Tulga Narkhuu visited to the opening of the cultural event. As well as designer Oyuna, curator of the London Design Biennale–2018 talked about her exciting project on Mongolian cashmere during the opening of the event.