Home 2016-10-27T05:27:35+00:00

2017 NAMBC AGM, April 27-28, includes former Presidential Chief of Staff, Finance Minister, Education Minister; BCM Chairman, former CEO/Erdenes Mongol LLC; senior officers of foreign mining investors plus analysts on Trump Asia policy; reserve hotel rooms by April 5

NAMBC Chairman Frank Herbert said yesterday that “we are delighted to confirm that P. Tsagaan, former Chief of Staff to President Ts. Elbegdorj, accepted our invitation” to address the 27th NAMBC Annual Meeting & Investors Forum, April 27-28, at the Residence Inn Pentagon City Arlington, adjacent to Washington’s Reagan National Airport. “Tsagaan was part of the team that advanced Mongolia’s peaceful democratic transition and subsequently has been a leader in Mongolian government, business and civil society for over a quarter [...]

March 15th, 2017|

Canada-Mongolia FIPA investment accord in effect after ratification by Canadian Parliament, announced during PDAC; full text of agreement

On March 7, the Honourable François-Philippe Champagne, Canada's Minister of International Trade, met with His Excellency Tsedev Dashdorj, Mongolia’s Minister of Mining and Heavy Industry, on the sidelines of the annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toronto to jointly announce that the long-awaited Canada-Mongolia Foreign Investment Promotion and Protection Agreement (FIPA) has entered into force, following its recent ratification by the Canadian Parliament. This agreement will lead to a more transparent and predictable regulatory environment [...]

March 13th, 2017|

Colorado company Wagner Asia celebrates 20th anniversary in Mongolia with “20 Years, 20 Good Deeds” for its extended Mongolian family; full text of CSR report

Denver-based Wagner Asia, one of the earliest and currently the largest American investor in Mongolia, celebrated its 20th anniversary of establishment in Mongolia in 2016 with yet more good deeds as part of its continuing core commitment to corporate social responsibility and sustainability for its extended Mongolian family. A link to the full text of Wagner's CSR Report follows below. Best known as Caterpillar’s exclusive dealer in Mongolia and a major factor in mining expansion, Wagner Asia observed their anniversary [...]

March 15th, 2017|

US State Department issues annual global Human Rights Report for 2016; full text of Mongolia Country Report

The US State Department released its annual report to Congress on the state of human rights across the globe on March 3. The department has been mandated by Congress to annually report on all countries receiving assistance since 1961 and on all United Nations member states since 1974. A link to the full text of the Mongolia section follows below. The executive summary of the Mongolia country report included the following findings: "Parliamentary elections in 2016 and the presidential election [...]

March 13th, 2017|

Mongolian Ambassador to Canada R. Altangerel honored by President Elbegdorj with highest diplomatic award

As part of the annual Tsagaan Sar honors list, President Ts. Elbegdorj bestowed the nation's highest diplomatic award on His Excellency Radnaabazar Altangerel, who has served as Mongolia's ambassador to Canada since May 2014. Ambassador Altangerel received the permanent life-time title of "Ambassador Extraordinary and Envoy Plenipotentiary of Mongolia." He will be a speaker the NAMBC's 27th Annual Meeting & Investors Forum on April 27 in Washington DC. Minister of Foreign Affairs Ts. Munkh-Orgil was similarly honored by the President; [...]

March 13th, 2017|

US-Mongolia Transparency Agreement ratified at Washington on January 18, effective March 18; covers trade, FDI, bribery, corruption

More than three years after it was signed in September 2013 by US Trade Representative Michael Froman and then-Foreign Minister Lu. Bold, the US-Mongolia Transparency Agreement was finally ratified on Wednesday, January 18, at a Washington DC ceremony at which letters by Ambassador Froman and Mongolian Ambassador to the US Bulgaa Altangerel were exchanged certifying that both the US and Mongolia have completed their respective legal requirements to implement the agreement. Formally known as the "Agreement on Transparency in Matters [...]

January 20th, 2017|

US Embassy and Ministry of Foreign Affairs unveil logo for 30th anniversary of US-Mongolia diplomatic relations

On December 23, 2016, US Ambassador to Mongolia Jennifer Zimdahl Galt and State Secretary of the Ministry of Foreign Affairs D. Davaasuren unveiled the official logo for the 30th anniversary of US-Mongolia diplomatic relations. The US Embassy last year organized a competition to design the logo. Ch. Altangerel’s design was selected out of over 160 submissions. Altangerel’s logo will be featured throughout 2017 at programs and events marking the 30th anniversary. Altangerel joined Ambassador Galt and State Secretary Davaasuren at [...]

January 10th, 2017|

Hogan Lovells supports Mongolian “Save the Children” chapter

Pro bono legal advice is a part of NAMBC Member Hogan Lovells' comprehensive global Citizenship program. In Mongolia last year, as part of its pro-bono (i.e. free) service to the community, Hogan Lovells Mongolia assisted the national chapter of the “Save the Children” international NGO with technical legal review of the draft Law of Mongolia on Child Rights and the draft Law of Mongolia on Child Protection, which earned the law firm a special citation (see photo above). The head [...]

January 17th, 2017|

Post-election IRI-Global Affairs Canada poll shows high optimism and high expectations for new government and for future of Mongolian democracy

Despite the country’s continued economic crisis and public concerns about corruption, a nationwide survey of Mongolian voters released three months after the June 2016 elections shows that Mongolians have invested a great deal of faith in the new government and in their democratic system. Derek Luyten, Regional Director- Asia of the Washington-based International Republican Institute NGO, noted, “If the government is to sustain this goodwill, it will need to take effective action to address key issues of concern such as [...]

January 17th, 2017|

Philadelphia Orchestra sherpas visit Ulaanbaatar to plan visit in June 2017; open air concert in Sukhbaatar Square will celebrate 30th anniversary of US-Mongolia relations

The Philadelphia Orchestra’s two senior advisers on international programs visited Ulaanbaatar in October to finalize arrangements for the historic visit of the 100+ member orchestra to Mongolia in June 2017, which is supported by contributions from private sector companies, the US Department of State and the US Embassy.  Vladimir Petrovic and Ari Mittleman met with Ulaanbaatar Mayor S. Batbold, Deputy Mayor Sh. Ankhmaa, T. Tamir, CEO of MIAT Mongolian Airlines, US Ambassador Jennifer Z. Galt and others. MIAT has generously [...]

December 3rd, 2016|

2016 Investment Climate Statement issued by the US Embassy; link to full text of annual analysis

Prime Minister Erdenebat’s government appears to be addressing many of the issues listed in the US Embassy’s 2016 “Investment Climate Statement,” which was released this past summer after the June elections. As US Ambassador Jennifer Z. Galt stated in remarks on September 22, “The new government has acted quickly both to publicly define problems and to address them.” Ambassador Galt noted that “Government leaders have met with investors and vowed to correct missteps that contributed to Mongolia’s economic decline.”  This [...]

November 30th, 2016|

NAMBC Chairman Frank Herbert and board delegation meet with President, Parliament Chairman and Prime Minister

NAMBC Chairman Frank Herbert and a delegation of the NAMBC board of directors held meetings over a period of four days with senior Mongolian Government leaders in late October and came away cautiously optimistic about Mongolia’s economic recovery and the government’s commitment to welcome back foreign direct investment. Chairman Herbert said he was “impressed” with the sincerity of the government’s “renewed commitment to stability, consistency, and transparency.” Herbert also noted with approval  the extent of sharp official focus on moving forward [...]

December 3rd, 2016|