Press Release – AmCham April Monthly Meeting Hosts Deputy Minister of Food, Agriculture and Light Industry
ULAANBAATAR, Mongolia – The American Chamber of Commerce (AmCham) in Mongolia hosted its April Monthly Meeting with Her Excellency Saulye Janimkhan, Deputy Minister of Food, Agriculture and Light Industry (MoFALI) and other officials from the Ministry on Tuesday, April 24, at the Shangri-La Hotel in Ulaanbaatar.
The meeting was attended by representatives from AmCham member organizations, MoFALI, as well as individuals from national and international businesses. Deputy Minister Saulye provided updates about the agricultural sector, and exchanged views with the business community about investing opportunities and doing business in this sector.
In her keynote address, Deputy Minister Saulye thanked AmCham for organizing ongoing monthly meetings in order to strengthen Mongolia-U.S. trade relations and attract investments. While speaking, the Minister noted, “In these days when regional integration is intensifying and investors are interested in diversification, it is important for sectorial stakeholders to abruptly cease these changes to attract potential and effective investments, use them for infrastructure improvement, make use of taxation privileges, and to upgrade the trade relations. One of important issues we should pay attention to is creating and securing funding sources for investments. There should be concrete infrastructure solutions implemented and government investments made in order to intensify the country’s economic diversification and create favorable conditions for private sectors to do business in the regional and international markets. Through the Three-pillar development policy, the Government will realize innovative and expanded initiatives that will contribute to the economic diversification. In the future, we are planning to work out a Regional development policy.”
Chairman of AmCham Mongolia Mr. Steve Potter stated: “We appreciate that the Ministry is undertaking a very concrete policy, aimed at diversifying livestock intensification, reviving the food and light industry sector, and supporting the development and export of value-added agricultural products. Of all the non-mining sectors of the economy, agriculture represents the most significant in terms of creating employment opportunities, contributing to regional development, as well as the potential for export revenues and the reduction of imports through domestic substitution. AmCham Mongolia is committed to working with your Ministry and our members who operate in agriculture and light industry to build a sound and competitive agricultural and light industrial sector.”
About AmCham Mongolia
AmCham Mongolia is an independent membership-driven organization that seeks to build, strengthen, and protect business relations between the United States and Mongolia, and to actively promote Mongolia as a destination for American investment. AmCham Mongolia is the official local affiliate of the U.S. Chamber of Commerce, the largest business federation in the world with over 3 million member companies. AmCham Mongolia is also a member of the Asia-Pacific Council of American Chambers of Commerce, consisting of 29 American Chambers of Commerce in the Asia-Pacific region.