Since 1990, Mongolia's key link to Canada and the USA
US Embassy issues candid 2014 Mongolia Investment Climate Statement
Reading some government reports is like chewing gravel but not the US Embassy’s annual 2014 Mongolia Investment Climate Statement, released on July 28, 2014. The report is extensively researched and well -written, comprehensive, even-handed and very candid. It’s not merely a collection of statistics – although the report has plenty of tables and statistics -- and is well worth the investment of time in reading the entire document.
Senior US Commerce Department Official will speak at Investors Conference October 7-8; Register by August 10 for next tier of early bird discounts;
Ambassador Piper Campbell, Cameron McRae are on the program
Among the speakers confirmed for our October 7-8 Investors Conference is John M. Andersen, Principal Deputy Assistant Secretary of Commerce in charge of Global Markets. Based in Washington DC, Secretary Andersen is responsible for the Commerce Department’s efforts to assist and advocate for US businesses in international markets and oversees both market access and commercial issues. He manages staff in over 100 US locations and in more than 70 countries. He has received three Department of Commerce Silver Medals, the Department’s second highest honor. Secretary Andersen has a Masters of Public Affairs from the LBJ School of Public Affairs, the University of Texas at Austin and a BA in history from the University of Texas at San Antonio. Other speakers include keynoter Piper A. W. Campbell, US Ambassador to Mongolia since August 2012, and Cameron McRae, Executive Chairman of Skypath Partners LLC, a founding director of the Institute of National Strategy, a new think-tank in Ulaanbaatar, and previously CEO of Oyu Tolgoi LLC.
August 10 is the next deadline for early registration discounts for the NAMBC’s 17th Annual Investors Conference, October 7-8, at the Best Western/Tuushin Hotel in Ulaanbaatar. Use the links below to obtain registration forms and to make room reservations at discounted rates at the hotel. Deadline for guaranteed group rate rooms is September 10. Reservations made using the NAMBC group rate by any persons not on the conference registration list by time of check-in will be charged full rack rates.
Program segments will include mining, infrastructure, new FDI opportunities, prospects for parliamentary action in the regular session starting the first week in October, and capital markets and securities. The NAMBC’s 2014 Investors Conference is the oldest, continuously-held international investors’ forum in or about Mongolia, convened annually in UB since 1998 and one of the few run on a non-profit basis.
Full simultaneous interpretation will be provided. Non-members from any country are welcome. For members of the NAMBC or our brother organization in Ulaanbaatar, the Business Council of Mongolia (BCM), second and all other delegates from the same company receive an additional discount. Deadline for all registrations is September 29.
NAMBC Chairman Pam Slutz calls EXIM reauthorization top priority
for expansion of US exports of goods & services to Mongolia
Commenting on the uncertain prospects for Congressional re-authorization of the U.S. Export-Import Bank (EXIM) , Ambassador Pamela Slutz, Chairman of the NAMBC, said, “This should be a no-brainer.” She noted that not only was EXIM financing necessary for Boeing’s recent sale of three new planes with GE engines to MIAT Mongolian Airlines, but also “EXIM is committed to financing US$500 million in U.S. exports for the expansion of the underground mine at Oyu Tolgoi, which alone will support about 2000 jobs in the US.”
She said, “Maybe some U.S. capital goods sales to Japan, Saudi Arabia, and Western Europe can go forward without EXIM, but for developing countries like Mongolia, if American companies don’t have EXIM backing, they are out of the game.” U.S. companies are actively bidding for crucial Mongolian infrastructure projects, she said, and “the availability of EXIM support is essential.”
EXIM’s current authorization expires September 30 at the end of the current federal fiscal year. Some Members of Congress strongly oppose re-authorization for ideological reasons. “Undoubtedly EXIM can be improved," Ambassador Slutz said, “especially to facilitate more SME exports and to streamline procedures.” But, Ambassador Slutz emphasized, “every other exporting nation has an aggressive, and in some cases even predatory, export finance strategy – that’s the environment in which U.S. companies compete abroad -- so for the United States to terminate EXIM is akin to unilateral disarmament.”
U.S. citizens interested in expressing their views on EXIM reauthorization, in favor or opposed, can find contact information for their Members of Congress at http://www.contactingthecongress.org/
Ambassador Pam Slutz NAMBC Chairman
Boeing delivers second of three new aircraft to MIAT
NAMBC Member Boeing has delivered to MIAT Mongolian Airlines the second of three direct-purchase aircraft, a new Boeing 737-800. MIAT named the plane “Guyug Khaan,” in honor of the third ruler of the Mongol Empire and grandson of Chinggis Khaan. It arrived in Ulaanbaatar on May 10. The first plane, a Boeing 767-300ER, was delivered in May 2013. The newest of MIAT’s fleet of five Boeing aircraft can seat 162 passengers and fly 10 hours without re-fueling. MIAT spokesmen say the additional aircraft will allow MIAT to open new routes to Frankfurt in June and Singapore in October. The US Export-Import Bank facilitated the 3-plane deal, which was the result of an agreement signed in 2011 during President Ts. Elbegdorj’s visit to Washington, DC.
Boeing’s Scott Grimsby, NAMBC BoD Member, hands over new plane to MIAT VP N. Ganbold
Ambassador Altangerel presents credentials to Governor General Johnston
Radnaabazar Altangerel has formally taken up his duties as Ambassador of Mongolia to Canada after presenting his credentials on May 5 to The Right Honourable David Johnston, Governor General of Canada, at Rideau Hall, the Governor General’s official residence in Ottawa. Ambassador Altangerel conveyed “warm greetings” from President Ts. Elbegdorj and promised continuing efforts to expand Mongolia’s partnership with Canada. The Governor General, Canada’s Head of State, congratulated Altangerel, wished him success in his mission, and recalled with pleasure his state visit to Ulaanbaatar last year. Also attending the ceremony was Senator Joseph A. Day, chairman of the Canada-Mongolia Friendship Group in Parliament, Mongolian Embassy officials and representatives of the Mongolian community in Canada.
Ambassador Altangerel has had a distinguished career in the Mongolian foreign service. Immediately prior to his nomination last year, he was Director of the State Diplomatic Protocol Department. Previously, he was Ambassador to France, Spain, Portugal and Monaco and Permanent Delegate of Mongolia to UNESCO. Altangerel graduated from the Moscow State Institute of International Relations in 1990, the Graduate Institute of International Studies in 1994 (Geneva), and Ecole Nationale d`Administration in 2001 (Paris). He speaks Mongolian, French, Russian and English.
The Governor General
& Ambassador Altangerel
Full-time university students now eligible for NAMBC membership
The NAMBC Board of Directors voted to create a new category of student membership. Any full-time university student with Mongolian, Canadian or American citizenship enrolled full-time at any accredited university is eligible to join as Associate Members for US$50 per year. On April 23, the board unanimously approved the proposal made by Virginia Flood, Vice President Canada, Rio Tinto. In seconding the motion, Board Member Dr. Anna Biolik, Canada’s first resident ambassador to Mongolia, noted that the NAMBC had already gained corporate memberships as the result of Mongolian students who had been active in NAMBC events persuading their subsequent employers to join. For many years, the NAMBC has offered subsidized event registration fees to Mongolian students at or alumni of American and Canadian Universities. When Dr. Biolik was ambassador in Ulaanbaatar, she worked closely with the NAMBC to create the “Canadian Alumni of Mongolia” organization, which subsequently became a self-governing NGO registered in Mongolia. For further information on student membership, contact firstname.lastname@example.org
Two Mongolian students
from Canadian universities
at Ottawa AGM 2014
New addition to NAMBC board of directors elected at Ottawa AGM
On the recommendation of the Nominating Committee, Ms. Jennifer Russo was elected at the Ottawa Annual General Meeting to take the Oyu Tolgoi LLC board seat previously held by Houston Spencer, who was transferred to London. Jennifer Russo is global communications manager for Rio Tinto Copper. She joined Rio in 2003. Ms. Russo is a Summa Cum Laude graduate of Arizona State University and has also studied at Cambridge University and the University of London. She is listed in “Who's Who Among American Business Professionals.”
Nominating Committee Chairman Jim Wagenlander thanked Houston Spencer for his contributions as a board member and noted the retirement from the board of Tobin Robbins, expressing gratitude to Robbins for his distinguished service both as a board member and as Honorary Consul of Mongolia for British Columbia. All other incumbent officers and directors were re-elected; a complete list is posted at “Officers and Staff” on the menu above.
Oyu Tolgoi LLC
NAMBC's "Canadian Alumni of Mongolia" program is organizing as an independent self-governing NGO in Canada
The NAMBC is pleased to announce that two of the earliest members of our "Canadian Alumni of Mongolia" program (CAM) are organizing it as an independent, non-profit, self-governing NGO in Canada. Any Mongolian citizens who attended or are now attending high school, college, university, or technical training in Canada are eligible for membership, even if you did not graduate. CAM will be open to Mongolians who are permanent residents of Canada or are living in Canada with student or other temporary visa status as well as Mongolians living in other countries.
CAM's objectives are to: (1) promote Canadian education for Mongolian students; (2) promote establishment of a professional and social network for Mongolians in Canada; (3) promote outstanding achievements of alumni; (4) promote the exchange of ideas, and provide opportunities for continuing education; and (5) connect Mongolian graduates with Canadian companies and businesses that operate in Mongolia.
For further information, contact one of the two Co-Chairs of CAM: Bulgan Orgilsaikhan at the Forbes & Manhattan Investment Bank in Toronto, email@example.com, OR Saruul Ayurzana, BA, CMA, Adjunct Professor at Algonquin College, Saruula@gmail.com
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