PM attends investment and business meeting in London


Working in the United Kingdom, Prime Minister Ch.Saikhanbileg attended an investors’ business meeting organized by Invest Mongolia Agency (IMA) and the London Stock Exchange (LSE), Mongolia Investment and Business Opportunities. He also visited the LSE, opening the first trade of July 1.
PM Ch.Saikhanbileg, Chief Executive Officer of the LSE Xavier Rolet, and Chief Executive Officer of Rio Tinto Jean-Sébastien Jacques presented speeches at the meeting.
In his opening remarks, the PM said, “I have been in London many times, but I’m happy that I’m visiting now as the Prime Minister of Mongolia. Prior to visiting your country, I paid working visits to Russia, and the U.S. The government led by me is mainly focusing on the economy. We need to draw investment to many sectors, in order to color the economy. The mining sector is only one color. There are many sectors in Mongolia that need investment, such as agriculture and tourism. Mongolia is supplying one third of the global cashmere market. Investors ask if it’s profitable to invest in a country with a small population. The biggest advantage in investing in Mongolia is location.”
The PM added that major English companies and business owners are operating in Mongolia, and there are possibilities for cooperating in many other sectors. Ch.Saikhanbileg added that Mongolia is open to everyone who wants to make an investment in Mongolia, and called on English entrepreneurs to invest.
Rolet underlined the importance of expanding economic and trade collaboration between Mongolia and the U.K. He said that the Mongolian Stock Exchange (MSE) and LSE signed a master service agreement on April 4, 2011.
The sides aim to introduce a complex, modern system for carrying out security trades, and improving the legal environment, infrastructure, technology, and the capacity of personnel to meet international standards.
Rolet added that the two stock exchanges have expanded strategic cooperation for three years, signing an agreement extension on September 9, 2014, in London. “We believe that our cooperation will successfully continue in the future,” he added.

The two stock exchanges will maintain strategic partnership status for the next three years. The two sides will also cooperate on releasing an international FTSE Mongolia index. Successful implementation of the work will result in the daily delivery of the MSE’s market reports. The LSE expressed their support for introducing the MSE to the international market.
During the second discussion of the business meeting, Director of Erdenes Mongol LLC B.Byambasaikhan, IMA S.Javkhlanbaatar, Executive Director of the Development Bank of Mongolia N.Munkhbat, Board Member of the European Bank for Reconstruction and Development (EBRD) Riccardo Puliti, General Director of the MSE D.Angar, and Director of Ard Financial Group Ch.Gankhuyag discussed investment and business opportunities.
Ambassador of Mongolia to the U.K. N.Tulga, Mining Minister R.Jigjid, Senior Advisor to the PM B.Delgermaa, Governor and Mayor of Ulaanbaatar E.Bat-Uul, and other officials accompanyed the PM.
Representatives from over 30 Mongolian companies and over 100 business owners from English companies attended the business forum.
PM Ch.Saikhanbileg also met with British Prime Minister David Cameron to discuss cooperation issues.
Beginning the meeting with Cameron, the PM stressed that the main goal of the visit was to draw investment and increase investment between the two countries. The PM requested that the British Government support British companies operating in Mongolia. In response, Cameron said that the British government will collaborate with Mongolia to expand economic cooperation.
The following day, the Prime Minister met with Secretary of State for Foreign and Commonwealth Affairs Philip Hammond to discuss advancing regional cooperation, trade and investment relations, tourism, student exchanges, and educational collaboration.
Hammond said that the British government supports Mongolia’s nomination to the Human Right Council of the United Nations.
The PM was also interviewed by CNBC, Bloomberg Asia, Financial Times, Reuters and BBC Radio.

Short URL: http://ubpost.mongolnews.mn/?p=15160

Posted by on Jul 3 2015. Filed under Онцлох мэдээлэл. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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