The Invest Mongolia London 2018 Conference held on 8th of June 2018 at the EBRD, which is successfully organized by the National Development Agency, Frontier
The Invest Mongolia London 2018 Conference held on 8th of June 2018 at the EBRD, which is successfully organized by the National Development Agency, Frontier Securities and the Embassy of Mongolia. The conference gathered over 80 participants including investors and Mongolian delegates.
Among the 8 presentations, the speech delivered by the The Chairman of National Development Agency Mr. Bayarsaikhan Banzragch explained the government policy and recent economic progress in Mongolia. He noted that “In 2017, the economy grew by 5.1%, recovering strongly from only 1.2% growth in 2016, total transportation of freight became 53.9 million tons, export has increased, and trade balance has reached by 26% comparing with the previous year, budget deficit decreased by two times compared to 2016, the Foreign Exchange Reserves in Mongolia increased to 1 billion USD from 3 billion USD in 2016. In this result, domestic currency rate became stable and is increasing sustainably”.
Moreover, the Director of Integrated Investment Policy department of the National Development Agency Mr. L.Munbat stated that “In 2017, personal savings at the banks has increased by 2.5 trillion tugriks comparing with the previous year. One of the economic pillars is FDI. In 2016, we have registered 2.3 billion USD as FDI. It shows that FDI has increased by 54% compared with previous year. It means investors’ confidence and trust is recovering more and more”.
“Since 1990 till today, we have registered 162 British companies with 249.7 million USD investment, which is ranked as 11st of 112 invested countries in Mongolia by number of companies and FDI. FDI from UK, by economic sectors, 75.9% for trade and catering services, 23.9% for tourism, 11.2% for processing animal originated raw materials, 1.8% for food industry, 2.8% for transportation and 4.25% for other sectors.”
“As a part of reform process, the Government of Mongolia established “Investment Protection Council” in 2016 by the decree of the Prime Minister of Mongolia. The functions of the council include protection of legitimate rights of investors, swift address of petitions and grievances related to government authorities and measures to reduce imminent risks pertaining investors”.
A part of the Conference, the panel discussions touched upon issues, such as, the economic outlook-What does consensus forecast say; UK and Mongolia; The risks and the opportunities for UK investors to invest/trade in Mongolia; The opportunities for Mongolian companies to dual list or issue DR at London Stock Exchange; and the Growth strategies for non-mining sector.
The Conference participants underlined the importance of sustaining investment and emphasised the importance of using the investment effectively while protecting the investors’ interests within the legal frameworks.
The London diplomatic community’s 2nd annual charity basketball tournament, co- organized by the Embassy magazine and the Bosnia and Herzegovinian Embassy in London, has taken place on 12 May 2018 at the American School in London.
The tournament has gathered 8 embassy teams including Australia, Belgium, Canada, Global All Stars (selected players of different embassies) Global Shooting Stars (selected players of embassies of European countries), Lithuania, Mongolia and the USA.
Global All Stars were the champion of the tournament after winning the Global Shooting Stars. The Embassy of Mongolia team has taken the 4th place after winning the USA and Belgium Embassy teams.
A Mongolian parliamentary delegation, headed by the L.Enkh-Amgalan, Vice Chairman of the State Great Hural (Parliament), has attended the general sessions of 138th IPU Assembly in Geneva and during in which has conducted bilateral parliamentary meetings.
At the meeting with Baroness Gloria Hooper, Deputy Speaker of the House of Lords, and the British parliamentary delegation, the Vice-Chairman L.Enkh-Amgalan has noted the importance of furthering the trade and economic relations between the two countries. He has noted, moreover, the reciprocal visits are not only contributing to the strengthening the bilateral parliamentary ties but also providing opportunities to foster friendship and exchange experiences between the parliament members of the two legislative institutes.
Baroness G.Hooper, shared the belief that the visit of the British parliamentary delegation, headed by the Lord Howard of Lympne, to Mongolia in November 2017 has given an important impetus on enhancement of the parliamentary relations. She has also stated that the British parliament will support and cooperate initiatives expressed by the Mongolian parliament.
Extracted from the SGH website
ON ARRIVAL VISA INFORMATION
On arrival visa may only be issued if you are coming from countries where there is no Mongolian diplomatic mission. To get on arrival visa, you should have an inviter (private person or entity) to apply for your visa approval 14 days prior to the expected arrival in Mongolia.
- For official “A” category on-arrival visa,
The inviting person/ entity should apply for your visa approval at the Consular Department of the Ministry of Foreign Affairs of Mongolia (www.consul.mn)
- For all other categories /including business trip and tourism/ of on-arrival visa,
The inviting person/ entity should apply for your visa approval at the Immigration Agency of Mongolia (www.immigration.gov.mn)
The following documents shall be provided by the inviting person/entity:
- Official letter/request by the inviter (information on the intended itinerary and purpose of travel in Mongolia)
- Copy of the entity’s certificate if the inviter is not
- Copy of the passport of the traveler /valid period is not less than 6 months/
- Travel program and copy of flight booking /round trip/
- Fee 1000 tug for each traveler
Ambassador S.Bayar has stated that while commemorating the 55th Anniversary of the diplomatic relations, he is looking forward to work together towards the further strengthening of the friendly relations and cooperation of Mongolia and UK.
Ambassador P.Malone has noted that the British-Mongolian relation has many opportunities and possibilities, particularly in the economic and investment sectors, to expand and therefore he will commit his endeavours towards fulfilling these prospects.
The Extraordinary and Plenipotentiary Ambassador of Mongolia to UK, H.E. Mr.S.Bayar has attended the annual All Parliamentary Party Britain-Mongolia group reception which has taken place at the Westminster on 21 February 2018. In his remarks, during the reception, the Ambassador S.Bayar has stated that “the 2018 is commemorating the 55th Anniversary of the diplomatic relations between the two countries. The cooperation in the political, economic, defence and education sectors have been strengthened over the years and the ties between the legislative institute of the two countries have been complimenting the relation with its valuable contributions.”
A delegation of the British Group for Inter-Parliamentary Union, consisted of members of both houses of the Westminster, has paid an official visit to Mongolia in November 2017, which had an importance in not only improving the bilateral parliamentary relations but also maintaining the frequency of the high level exchange visits between the two countries.
Producer Steven Rajam, and journalist Kate Molleson of BBC Radio-4 presented a special double bill programme named ‘From the Steppe to the Stage’ about remarkable rise of Mongolia’s opera.
In the first episode, the journalist unravels success story of Mongolian opera singer Ariunbaatar Ganbaatar, and his childhood memories, home province. In second episode, it explores the development of Mongolian classical art and opera education. The programme concludes that the opera is becoming an important tool for Mongolia’s public diplomacy.
BBC Radio 4 is a radio station dedicated to music, drama, science and history which has over 12 million listeners around the world.
The Embassy expresses its sincere appreciation and wishing all the best for the programme team, and J. Unurmaa, the Cultural Envoy of Mongolia who organized their trip to Mongolia, and colleagues of the Ministry of Foreign Affairs, Mongolian State Academic Theatre of Opera and Ballet and people who contributed this programme.
For the 55th anniversary of the diplomatic relations, which will be commemorated in the year of 2018, the Foreign Minister of Mongolia and the Secretary of State for Foreign and Commonwealth Affairs of the United Kingdom have exchanged reciprocal congratulatory letters in where they have mutually expressed their commitments to further strengthen the bilateral relations and cooperation.
In the letters, the Ministers have not only mentioned their satisfaction on the current state of the friendly ties but also expressed the enhancement opportunities and possibilities in the cooperation in many areas including the trade and economic sectors. The counterparties, moreover, have emphasized on the successful multilateral cooperation the both countries enjoy.
Mongolian Delegates to participate in the 30th General Assembley of the International Maritime Organization
The head of delegation H.E Mr Tsogtgerel Batchuluun, the Vice Minister of Road and Transport Development, Mr Otgonbayar Lkhamsuren, Deputy Permanent Representative of Mongolia to the International Maritime Organization, Mr Tuvshintur Saranjav, Head of Mongolian Maritime Administration, Mr Nyamdavaa Buuvei, Senior specialist of the Ministry of Road and Transportat Development have been representing the Government of Mongolia to the 30th Assembly of the International Maritime Organization is being held in London between 27 November and 7 December 2017.
The Assembly is the IMO’s highest governing body. It responsible for approving the work programme and budget; and determining financial arrangement and electing IMO Council. The Assembly consists of all IMO Member States and meets once every two years. During the Assembly, the delegates of Mongolia met H.E Mr Kitack Lim, the Secretary-General of the IMO and discussed further cooperation with the IMO.
Mr. Tsogtgerel Batchuluun, Vice Minister for road and transportation development meets with Mark Garnier, Parliamentary Under Secretary of State at the Department for international Trade at the FCO. Two ministers have exchanged their assessments on bilateral cooperation and reiterated readiness of future collaboration in the field of infrastructure development in Mongolia. Secretary Garnier came to Mongolia last spring with working visit and set up a good basis for the cooperation between two ministries.