Press Releases

AmCham Hosts Meeting with Chairman of the State Great Hural, Z. Enkhbold

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ULAANBAATAR, Mongolia – The American Chamber of Commerce in Mongolia (AmCham) hosted a meeting on Wednesday, September 24, 2014 with Z. Enkhbold, Chairman of the State Great Hural of Mongolia. The meeting convened domestic and international business leaders, as well as, Kirk McBride, Deputy Chief of Mission for the U.S. Embassy in Ulaanbaatar, and Jackson Cox, Chairman of the American Chamber of Commerce in Mongolia, for Mr. Speaker Enkhbold’s briefing on the overview of the legislative priorities of the Fall session of Parliament and ways to forge partnerships with America, and other “third neighbor” companies to encourage businesses to invest in Mongolia.

During his opening remarks, Mr. McBride emphasized the continued commitment of the U.S. to Mongolia and its desire to stay as Mongolia’s “first ‘third neighbor.’” In his speech, Mr. Speaker Enkhbold reaffirmed the role of the U.S. in Mongolia as its third neighbor by using the metaphor of three equal stones—representing Russia, China, and the U.S.—that signifies stability in the Mongolian culture.

Mr. Speaker Enkhbold further remarked that the increased partnership with Russia and China would provide investors a gateway to the largest markets in Asia, Europe, and North America. “So,” he said, “Mongolia has more to offer to our investors.” Mr. Speaker also gave a briefing on the bills to be discussed during the Parliament’s Fall session, which includes the “Mongolia and the United States of America Agreement Ensuring Transparency in the International Trade and Investment” that has been waiting to be ratified by the Mongolian side for almost a year. 

About AmCham Mongolia

AmCham Mongolia is an independent membership-driven organization that seeks to build, strengthen, and protect business between the United States and Mongolia and to actively promote Mongolia as a destination for American investment. AmCham Mongolia is the official local office of the U.S. Chamber of Commerce. Based in Washington, DC, the U.S. Chamber of Commerce is the largest business federation in the world with over 3 million member companies. American Chambers have been established in over 100 countries in the world – Mongolia being one of the most recent. Founding members of AmCham Mongolia include: Gibson Dunn, Magnai Trade Group, Peabody Energy, Woodmont International, Philip Morris, John Deere, Gatsuurt LLC, GE, Hogan Lovells.