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An Update on Mongolia

The Mongolian British Chamber of Commerce held its first event since lockdown -‘An update on Mongolia’ at the offices of lawyers Goodman Derrick in London. A report of the evening featured on MNB World.

Reporter: Azkhuu Tsamba MNB representative in London


Doing Business with Mongolia

An Online Seminar using Zoom took place on

Thursday January 21st

10am U.K. time, 6pm Mongolian time
Chair John Grogan, Mongolian British Chamber of Commerce

Opening Speeches
Ambassador Tulga, Mongolian Ambassador to the United Kingdom

Daniel Kawczynski MP, Prime Minister’s Trade Envoy for Mongolia

Mr Ulziisaikhan Ganbold, Deputy Director of Economic Cooperation and Foreign Trade Department at the Ministry of Foreign Affairs


Bolormaa Luvsandorj, Managing Partner, Mongolia Sustainable Development Partners
‘ The Mongolian Economy ‘
Amar Adiya, Managing Editor, Mongolian Weekly .
‘ Government and Politics in Mongolia’
Una Jones, CEO, Sustainable Fibre Alliance.
‘Creating a Sustainable Cashmere Valuechain in Mongolia ‘
Tumennasan Dolgor, Lead Project Manager, International Projects, BSI Group ( British Standards Institution)
‘’Partnerships and Projects in Mongolia’

Mongolia 2020-2024

An Online Seminar using Zoom took place on
Tuesday September 22nd
11am in London
6pm in Ulaanbaatar.

The principal speaker was Damdiny Tsogtbaatar who was the Foreign Minister for Mongolia from October 2017- July 2020.

Contributions  also came from the British Ambassador Philip Malone and the Mongolian Ambassador Tulga Narkhuu.

The event marked 10 years of the Mongolian British Chamber of Commerce which held its first event in London on September 22nd 2010. A link to a recording of the event follows.

Watch this space for details of future events in 2021

The Economic Opportunities and Politics of Mongolia

Meeting on ‘The Economic Opportunities and Politics of Mongolia’ followed by networking drinks organised by British Expertise International incorporation with Mongolian British Chamber of Commerce held on 25/02/2020 at their HQ.



Saturday 21st September 2019
Ulaanbaatar, Mongolia
The Chamber is supported INSPIREME an event promoted by the British Embassy
This was a one-day education fair in Mongolia with the unique opportunity to promote products, services and educational programmes to students and parents who are interested in UK education

Doing Business with Mongolia Seminar

Monday December 16th 2019
Doing Business with Mongolia Seminar followed by Christmas drinks too place in the IPU Room in the UK Parliament in London.

Doing Business with Mongolia Seminar

This took place at Goodman Derrick LLP on Thursday March 28th.

The speakers at the event were

– Ros Lund of the Department for International Trade.

– Sian Thomas of the Cambridge Mask Company as featured in the BBC documentary ‘Inside the Foreign Office’.

– Nomundari Zorigtbaatar of Adamas Mining.

– Ser Od Ichinkhorloo of B2B Mongolia Consulting.

– Alan J. K. Sanders distinguished Mongolian academic


President of Mongolia Khaltmaagiin Battulga received today Mr. Julian Knight, the UK Trade Envoy to Mongolia and MP.

Upon welcoming the latter, the President congratulated Mr. Knight for being appointed the Trade Envoy at the order of the UK Prime Minister Teresa May, and wished success. “I do not doubt that your appointment as the Trade Envoy to Mongolia will be a strong impetus to deepening and broadening economic and commercial cooperation of the two countries,” President Battulga highlighted.

Mr. Julian Knight thanked the President for his time and said “Our PM Teresa May is placing a great importance on the 55th anniversary of diplomatic relations of Mongolia and the UK and offered me to work as a Trade Envoy yo Mongolia. I accepted this offer with pleasure. It is a common practice for a Trade Envoy to manage trade relations with 2-3 countries. As a trade envoy, managing the relations with only Mongolia indicates a great gesture.”

He pledged to put maximum effort to broadening bilateral trade and economic cooperation. Mr. Knight shared that he met with the affiliated Minister and discussed cooperation in mining sector, as “the sector takes up a major position in bilateral relations”. Mr.Knight underlined the two countries have full potential to collaborate in diversifying Mongolia’s economy, while mentioning that he is familiar with the President’s commitment to economic diversification. President confirmed that the two countries have potential to cooperate in mining. However, he said, “it is not preferable to emphasize mining. There is now a big gap between rich and poor, in other words, “resource curse” has befallen of Mongolia. In order to tackle this problem, we have been turning to our other major economic sectors such as tourism and agriculture. Mongolia has more than 60 million heads of livestock, and nearly 10 thousand tons of cashmere is “exploited” every year. This is 60 percent of the world cashmere market. If you are willing to cooperate with us in this area, we have the raw material. In a presence of processing industry and well-managed marketing, the sector is promising enough to become as large as Oyu Tolgoi. It’s safe to say we do not have a competitor in this,” the President said and wished the Envoy to pay more attention to this sector.

Mr. Knight accepted the President’s suggestion and mentioned the possibilities of selling Mongolian-made cashmere products in Great Britain. The sides further touched upon the impacts of the latest trade deals of the US and the People’s Republic of China on Mongolia.

Trade turnover between Mongolia and UK reached USD 689.9 million in 2017, in which exports made up 660.5 million and imports, 29.4 million. This represents 24 percent increase against the previous year’s performance. Between 1990-2014, UK investments worth USD 116.8 million were registered. The amount constitutes for 0.82 percent of total foreign investment in Mongolia. Thus, UK is ranking at 14th place out of 112 countries investing in Mongolia.

Julian Knight was appointed Trade Envoy of the United Kingdom to Mongolia last January. It is a custom for the British Government to appoint a Trade Envoy to represent the Prime Minister in order to activate commercial and economic interaction with another country. The United Kingdom has appointed 30 Trade Envoys, thus far, to manage trade relations with 59 countries.

Watch video:

Burns Supper 2019

Ulaanbaatar /MONTSAME/ ‘Burns Night’ which is celebrated in commemoration of great Scottish poet Robert Burns took place for the eighth year in Ulaanbaatar city. The British Embassy in Mongolia, the Mongolian-British Chamber of Commerce and Honorary Consulate for Mongolia in Scotland jointly organized the event on January 26.

The event plays an important role to expanding business cooperation between the two countries besides promoting Scottish culture, poetry and cuisine. Member of the UK Parliament John Grogan took part in this year’s event.

About the event, British Ambassador to Mongolia Philip Malone said that this celebration has great significance to the people of Scotland and it is celebrated in many countries. Tradition and culture of Scotland has important role to strengthening relations between Mongolia and the United Kingdom.

Honorary Consul for Mongolia in Scotland hosts the 8th Burns Supper in UB | News Mongolia

Honorary Consul for Mongolia in Scotland hosts the 8th Burns Supper in UB | News Mongolia

Posted by MNB World on Monday, 28 January 2019

Mongolian Tourism Event

On Tuesday, 06 November 2018 the Mongolian British Chamber of Commerce organised a reception in the Jubilee Room in Parliament. The theme of the event was “Mongolian Tourism”, which was organised in association with the All-Party Parliamentary Mongolia Group. It took  place in the week of the London World Travel Market.

Mongolian Cashmere Event

On Tuesday, 11 September 2018 the Mongolian British Chamber of Commerce organised a reception in the Jubilee Room in Parliament. The reception was on the theme of “Mongolian Cashmere” and the event was organised in association with the All Party Parliamentary Mongolia Group and the Sustainable Fibre Alliance. The aims of the alliance were as follows:

“Our vision is that all cashmere is produced in an environmentally friendly way that safeguards the livelihoods of herding communities and protects the important, fragile environment in which they live”.

Mongolia Breakfast Briefing.

British Ambassador to Mongolia Philip Malone and British Trade Envoy to Mongolia Julian Knight MP came at a breakfast briefing meeting in the Commonwealth Parliamentary Association Room ( off Westminster Hall )in Parliament on Tuesday 22nd of May. This was a joint meeting of the All Party Parliamentary Mongolia Group and Mongolian British Chamber of Commerce.

Annual Parliamentary Reception in association with the All Party Parliamentary Mongolia Group

The Annual Parliamentary Reception of the All Parliamentary Party Group of Mongolia was hosted by John Grogan MP and Chair man of the British Mongolia All Parliamentary Party Group at House of Commons on Wednesday 21st of February.
The newly appointed HMA to Mongolia Philip Malone and the Mongolian ambassador Bayar Sanjaa were present.

The seventh in the series of Burns Suppers in Ulaanbaatar

The seventh in the series of Burns Suppers took place at the Kempinski Hotel in Ulaanbaatar on Saturday January 27th 2018.

The event marked 55 years of diplomatic relations between Mongolia and the United Kingdom. It is organised in conjunction with the Honorary Consul for Mongolia in Glasgow.

Doing Business with Mongolia Seminar

This took place at 6.30pm on Thursday 30th Novermber 2017 at Norton Rose Fulbright, 3 More London Riverside, London SE1 2AQ.

The speakers at the event were

  • Introduction – Simon Cox, Norton Rose Fulbright;
  • Sustaining the Nomadic Way of Life – Jay Dulmaa, Modern Nomadic Solutions;
  • Mongolian Tourism – David Scott, Sandbaggers;
  • Update on Mongolian Economy – Ser-Od Ichinkhorloo, B2B Mongolia;
  • Importance of Evaluating Policies in Mongolia – Bolor-Erdene Battsen
  • Mongolian Capital Markets – Paul Brister, Said Business School;

A drinks reception followed the seminar in anticipation of the Christmas season.

Doing Business with Mongolia Seminar

This took place at 6.30pm on Thursday July 27th at Place Gowling WLG , 4 More London Riverside , London , SE1 2AU.

The speakers at the event were

Introduction and Welcome Dominic Prentis Gowling WLG

Iain Watt Callund Consulting
Mongolian Pensions

Una Jones Sustainable Fibre Alliance
Mongolian Cashmere

Saranzaya Manalsuren University of South Bank
Expectations of Mongolian investors and investees


The Sixth Mongolia London Business Forum took place at Bloomberg on Wednesday April 5th 2017. Over 160 people were in attendance . Please find links here to the final agenda, the slides used and a presentation from the Mongolian Ministry of Finance.

On the same day the HR Mr Davaasuren , State Secretary of the Mongolian Foreign Ministry also opened the London Stock Exchange and was the guest of honour at a reception at the House of Commons hosted by Lord Bowness from the All Party Parliamentary Mongolia Group.


Doing Business with Mongolia Seminar

This took place at 7pm on Wednesday 22nd Feburary 2017 at Pricewaterhouse Coopers at 7 More Riverside, London , SE1 2RT

The speakers at the event were

Bruce Lawrence of H.B.L Consultancy will speak about Mongolian Capital Markets

Erdenechimeg Ulziisuren of the London School of Economics will give a talk on the theme of Mongolia in 5 numbers

Odontuya Adiyadorj CEO of the Association for the Development of Mongolian Women in Europe will speak about the work of the organisation

Fraser McColl will finish the evening with a presentation about the Lotus Children’s Centre in Ulaanbaatar.

The event took place just days before the Mongolian holiday of Tsagaan Sar and a drinks reception including the finest Mongolian vodka concluded the evening.

The Sixth Burn Supper in Ulaanbaatar

The Sixth Burn Supper in Ulaanbaatar organized by David Scott, Honorary consul of Mongolia in Scotland in association with the Mongolian British Chamber of Commerce held on 28th January 2017 in Ulaanbaatar, Mongolia.

 2016 Christmas reception

MBCC members and guests have attended the annual Christmas Drinks at the London offices of Clyde and Co on 19th December 2016.

An Inspiring Festival

The UK recently put its best foot firmly forward at The Inspire Me Festival, held in Ulaanbaatar on 11-12 November at Ulaanbaatar’s Shangri-La Mall. The event showcased Britain’s education, technology and culture, and the relationship between the UK and Mongolia.her-excellency-jak_6642-94

HM Ambassador Catherine Arnold explained that, “This wasn’t a normal trade fair. It was a dynamic two-day programme of events tailored to engage and inspire businesses, students, families and anyone interested in knowing more about the UK.” The festival featured everything from a Mini car parade to Harry Potter book readings, British food, IMAX films, practical events like workshops on how to write a CV, and popular British TV formats such as “Mongolia’s Got Talent.”

Other events focused on UK-Mongolia partnerships such as supporting traditional herders to produce high-end fashion with Mongolian yak wool; UK Government Chevening scholarships; and the Embassy’s work to support transparency in Mongolian governance. As well, 15 UK universities were represented at an “education zone” which provided information and advice to Mongolians interesting in studying in the UK.

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October 2016 Doing Business with Mongolia Seminar

The October 20th seminar was hosted by the London Office of Brown Rudnick, 8 Clifford Street, London,W1S 2LQ.  Featured speakers were:

  • Dr Rebecca Empson and Dr. Bumochir Dulam, University College London, who are leading an EU funded study of the Mongolian economy.
  • Dr. Troy Sternberg, University of Oxford, who has studied the impact of mining in the Gobi
  • Ser Od Ichinkhorloo, founder and CEO of the NGO Mongolian Business Database (MBD) and B2B Mongolia (“Bridge of your Business”), who will be leading a business delegation from Mongolia
  • Chris Guinness, Double Check Translation
  • Alan Sanders, author of Mongolia – Culture Smart! A guide to Mongolian Culture and Customs, who spoke about the Mongolian elections.
  • Oliver Reed, Endeavour Fund Mongolia, who is leading a group of ex-servicemen on an expedition to Mongolia in 2017

We were joined at the seminar by a small delegation of businesses from Mongolia.

Fifth London Mongolian Business Forum
London Stock Exchange, Tuesday April 26th 2016

The following is the final order of speakers at this highly successful Business Forum. We thank the London Stock Exchange and all of our sponsors (see below).

9.00am Opening plenary

Nikhil Rathi , CEO London Stock Exchange
Ambassador Tulga
Bolor Munkhsaikhan
, CEO Mongolian Stock  Exchange

 9.25am Oyu Tolgoi

Nicholas Archer, Rio Tinto

 9.55am Panel Discussion: Perspectives on the Mongolian economy 

Munkhbat Nanjid, Development Bank of Mongolia
Zula Luvsandorj, Ulaanbaatar Development Corporation
Aza Ulziitogtokh,EBRD
Shigeru Abo, JPMCM
Olga Savran OECD
Lee Cashell Asia Pacific Investment Partners

 10.50am Latest developments in Mongolian Law  and the Business Environment.

Christopher Melville, Hogan Lovells

 11.30am Panel Discussion: Perspectives on how to invest in Mongolian capital markets (market infrastructure)

Zorig Gongorjav, Golomt Bank, Custodian Banking Division
Orkhon Onon, Trade and Development Bank of Mongolia
Munkhbaatar Myagmar, UB Capital LLC
Amarbayasgalan Enkhsaikhan, Golomt Securities

12.00am Panel discussion: Perspectives From Companies Preparing Forthcoming IPO’s on Mongolian Stock Exchange

Nandinjargal Ganbold, MSE
Gangtugs Damdin, MIK JSC

12.30am Panel Discussion:Perspectives From  British Companies and Organizations doing Business in Mongolia.

Gareth Evans, De La Rue
Claudia Bickford Smith, Cambridge International Examinations
Jane Fowles, Novell Tullett Landscape Architects
Ros Lund, UKTI High Value Mining and Infrastructure

APIP logo Asia Pacific Investment Partners logo RGB w1500 (2) Belmen Logo_8_2 copy TD logo  JPMCM logo HoganLovells Logo_382

4 February: Doing Business with Mongolia seminar

Location: Hemsley Fraser, 13 Grosvenor Place, London SW1X 7HH
6pm – Registration, coffee, tea; 6.30-8pm – Seminar; 8pm – Drinks reception
This first seminar of 2016 featured:

• Sir Paul Judge, Alderman, City of London on the possible development of UB as a financial centre
• David Tang, UK Export Finance with responsibility for Mongolia
• Dr Caroline Upton, School of Geography, University of Leicester who is developing a conservation project in Mongolia
• Dr Alan Sanders discussed his new book Mongolia – Culture Smart! The Essential Guide to Customs and Culture and shared his views on the upcoming elections
• Chris Guinness of Double Check Translation advised on language and doing business in Mongolia.

The Chamber thanks Trade Development Limited for their kind support of the seminar.

23 January 2016: Burns Supper in UB!

This was the 5th Burns Supper organised by the Honorary Consul for Mongolia in Scotland in association with the Chamber (for details click here). It featured Scottish bagpiper Ally McCallum, and swing jazz musician Dave Neigh. Sponsors of the Supper were invited to a whisky-tasting event on the early evening of Friday January 22nd, with guests from the top ranks of Mongolian business and politics.

30 September Doing Business with Mongolia seminar

The seminar was held on Wednesday 30 September at Hemsley Fraser, 13 Grosvenor Place, London, SW1X 7HH. Speakers included:

  • Anita Breslin from BG Group talked about its Mongolian activities. BG Group has recently taken a significant interest in some of the projects of Petro Matad, the first substantially owned Mongolian company to be listed on an International Stock Exchange. It is involved in petroleum exploration and development.
  • Ser-od Ichinkhorloo of B2B Mongolia spoke about the latest economic developments in Mongolia and introduced the ten members of a visiting delegation from Mongolia.
  • Saranzaya Manalsuren of London South Bank University described her research on “Soft Assets – the culture of the Mongolian workforce.”
  • Ulsbold Harper from Asia Pacific Investment Partners discussed the Property Market in Mongolia.
  • Joyce Aleksic and Malcolm Aldcroft of Aviareps spoke about the Mongolian International Airline MIAT.

The Chamber is grateful to Trade Development Limited for their kind support of the seminar.

PM Saikhanbileg’s successful visit

The MBCC is very pleased to have been associated with the successful working visit of Prime Minister Ch. Saikhanbileg to the United Kingdom.  From June 30 to July 3, the Prime Minister and an impressive delegation of Mongolian officials and business figures met with their British counterparts, and visited some of the UK’s most important institutions. Widely reported by the media, some of the highlights of the visit such as the Prime Minister opening the London Stock Exchange and meeting with British PM David Cameron can be viewed here.

MBCC members had an number of opportunities to see and interact with the delegation, including a reception at Asia House and aWestminster Tea at the House of Commons. The Tea also celebrated the 5th anniversary of the Mongolian British Chamber of Commerce (photos courtesy of Mr Soheil Ramanian; click on photos to enlarge).

UB Mayor beside Thames (MONGOLIAN MEETING-2)

The Mayor of Ulaanbaatar E. Bat-Uul (centre) enjoys the sunshine on the House of Commons Terrace during the Westminster Tea.

Saikhanbileg and Rosindell (MONGOLIAN MEETING-10)

The Mongolian PM is introduced by Andrew Rosindell MP, Chairman of the Chairman of the All Party Parliamentary Mongolia Group. The reception was organised by the Chamber and kindly sponsored by JPMCM and Trade Development.

The PM and two ambassadors

The Prime Minister with Britain’s ambassador to Mongolia, HE Catherine Arnold, and Mongolia’s ambassador to Britain, HE N. Tulga.

25th February 2015. Doing Business with Mongolia seminar

The seminar was attended by over 70 people, and was hosted by Ernst & Young LLP at Becket House in London.
The speakers included:

• Tim Pinkstone, Ernst & Young
• Robert Court, Rio Tinto
• Tom Kendon and Helen Eccles, Cambridge Assessment
Peter Markey, Mongolia and Mining and Metals Leader, Ernst & Young
• Batzaya Erdene, Judo wrestler
• Bataa Tserenbat, Invest Mongolia Club
• John Hare, Wild Camel Protection Foundation.

After some lively discussion, the meeting toasted the recent Mongolian New Year (Tsagaan Sar) with fine Mongolian vodka. Photographs from the event can be seen here.

24 January 2015: Fourth Ulan Bator Burns Supper

UB Jazz Club, Ulaanbaatar. Organised by Honorary Consul for Mongolia in Scotland and MBCC, and sponsored by KPMG and UFC.