AmCham Mongolia organizes its largest-ever Trade Mission to the U.S.
Washington, D.C., United States – The American Chamber of Commerce (AmCham) in Mongolia successfully organized its fourth annual U.S. Trade Mission to Washington, D.C., from June 12-14, 2017, under the leadership of the Honorable Jennifer Zimdahl Galt, United States Ambassador to Mongolia. The Trade Mission, AmCham’s largest yet, was also attended by senior Mongolian government delegates including Minister for Foreign Affairs of Mongolia His Excellency Ts. Munkh-Orgil, Mongolian Ambassador to the United States His Excellency B. Altangerel, and over 20 AmCham Mongolia delegates.
The delegates met with prominent public and private sector representatives, such as representatives from the U.S. Chamber of Commerce, U.S. Department of State, U.S. Department of Commerce, U.S. Department of Agriculture, U.S. Department of Energy, U.S. Trade Representative’s Office, U.S. Department of Treasury, U.S. Export-Import Bank, the U.S. House of Representatives and the Senate, Overseas Private Investment Corporation (OPIC), the Mongolian Embassy in the U.S., and businesses interested in investing in Mongolia.
AmCham’s U.S. Trade Mission began with an orientation meeting for the delegation at the U.S. Chamber of Commerce’s Headquarters. Senior Vice President for Asia of the U.S. Chamber of Commerce Ms. Tami Overby noted in her opening remarks, “The Chamber recognizes Mongolia as an important political ally and commercial partner for the United States. We stand ready to work together to deepen engagement and stronger bilateral ties with Mongolia. With unparalleled access and policy expertise, AmCham Mongolia is the Chamber’s critical partner in country.”
The Trade Mission’s roundtable discussion “Celebrating 30 years of U.S.-Mongolia diplomatic relations and the current economic, business and legal environment in Mongolia” was attended by nearly 60 private and public sector representatives. During the roundtable, Ambassador Galt said, “This trade mission is a highlight of our activities this year to celebrate our anniversary and expand our bilateral economic and commercial relationship. AmCham has been an invaluable partner in our efforts to bring together U.S. companies, Mongolian businesses, and the Mongolian government to improve the business environment.”
Foreign Affairs Minister Ts. Munkh-Orgil delivered a keynote presentation during the roundtable discussion and noted, “The United States of America is an important third neighbor for Mongolia and we welcome American investments, know-how, technology, and management practices to Mongolia.”
AmCham Mongolia’s membership delegation included 20 executive level representatives from 18 leading companies in Mongolia and beyond, including Altai Holding, Asia Pacific Investment Partners, APU, BTF LLC, Cashmere Holding Company, Caterpillar Inc., Golomt Bank, Khan Bank, Mongolian Artisan Cheesemakers Union, MahoneyLiotta LLP, MSM Group, Oyu Tolgoi, Trade and Development Bank, Tuushin Group, Virtus Asset Management LLC, Wagner Equipment Co., Woodmont International, and Xac Bank.
Chairman of the Asia-Pacific Council of American Chambers of Commerce (APCAC) Mr. Jackson Cox participated in the Trade Mission and remarked, “AmCham Mongolia’s recent trade mission to the United States was a huge success and will result in more commerce between the United States and Mongolia.”
Mr. Jay Liotta, Chairman of AmCham Mongolia, concluded the Trade Mission by saying, “There has never been a larger private sector trade delegation from Mongolia to the United States that I can recall, and it gives me confidence that Mongolia maintains the potential to move in the right direction to become a more secure, prosperous, and open nation led by a free market and private sector driven economy.”
The Trade Mission was made possible with generous contributions from Mongolia’s premier beverage company, APU, and internationally known biopharmaceutical company Gilead Sciences, and with support from the U.S. Embassy in Ulaanbaatar and the Ministry of Foreign Affairs of Mongolia.
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 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 the American Chamber of Commerce, consisting of 29 American Chambers of Commerce in the Asia-Pacific region.
AmCham Mongolia has been hosting the annual U.S. Trade Mission since 2014, in an effort to strengthen the commercial relationship between Mongolia and the United States. The Trade Mission provides a rare opportunity for U.S. and Mongolian businesses and investors to develop strong networks, attend special events with influential policy makers and businesses, identify financing opportunities, and to advocate for Mongolia as a destination for American investment.