NAMBC MEETING HELD

Ulaanbaatar /MONTSAME/ The 24th meeting of the North America-Mongolia Business Council was held on April 22-23 in Ottawa, Canada with participation of O.Erdenebulgan, the Mongolia’s Vice Minister of Mining; Susan Gregson, the Canada’s Deputy Minister of Foreign Affairs, Trade and Development; and Brian Ervine, an official from the Canada’s Ministry. It also brought together about 50 business delegates and state servants from Mongolia, USA and Canada. Mr Erdenebulgan delivered a key speech at the meeting, introducing a reform policy by the Mongolia’s cabinet for reforms and its actions. He talked about reforms in the mining sector, a new policy on foreign investment and sustainable environment for them as well. A former Ambassador of the USA to Mongolia Ms Pamela J. H. Slutz gave a report concerning a present economic development of Mongolia; and a former Ambassador of Canada to Mongolia Ms Anna Biolik reported about the Mongolia-Canada relations and cooperation. The participants delivered reports and exchanged views on the commercial and economic cooperation between Mongolia and North America, investment opportunities and exploitation of mining and mineral resources. Following the meeting, the Vice Minister Mr Erdenebulgan; and an executive director of the SECOR consulting firm Vindu Harris signed a cooperation memorandum between the Mongolian Mining Ministry and the SECOR. In accordance with the document, the parties will collaborate in supporting a sustainable development of the mining sector, improving professional skills of mining experts and sharing experience.