AmCham Mongolia Daily Newswire

Asia-Pacific region parliamentarians to convene in Ulaanbaatar

Summary:

Chairman of the Social Policy, Education, Culture and Science Standing Committee in Parliament Yo. Baatarbileg, United Nations Population Fund (UNFPA) Country Representative for Mongolia Naomi Kitahara, and political party representatives announced that parliamentarians from Asia-Pacific countries and international population experts will convene in Ulaanbaatar for the Strengthening Parliamentarians for the Achievement of Sustainable Development Goals: Aging, Fertility and Youth Empowerment conference on June 12. More than 30 delegates from 13 countries, including Japan, the People’s Republic of China, Malaysia, Thailand, and India, will be participating in the conference.

Keywords: Parliament, regional democracy, UNFPA National Post /page 2/

Landlocked developing countries expected to see further economic growth based on research

Summary:

A new research center has opened in Ulaanbaatar to focus on researching the challenges of landlocked countries. There are 32 landlocked developing countries around the globe. Due to their geographic locations, these countries have lagged behind in development by 20 percent compared to countries with access to seaports, and trading costs are generally twice as high as costs for transit countries. The research center hopes to produce data and solutions that will help landlocked countries benefit from World Trade Organization agreements and improve competitiveness. Officials highlighted that the research center could become instrumental to Mongolia’s social and economic development. The Government of Mongolia has made continued attempts to organize the efforts of landlocked countries since 1990, and has donated 1 million USD to the research center to finance operational costs.

Keywords: LDCs, economic development The Official Gazette /page 11/

Milk production in Asia to grow by 75 million liters by 2025

Summary:

Mongolia is one of 13 countries taking part in the Asia’s Milk Production initiative. The member countries have set an objective to increase milk production by 75 million liters by 2025. Mongolia has over 200 milk production factories with the capacity to produce 900 million liters a year. However, these factories currently operate at only 10 percent of their production capacity. Mongolia imports 4,000 tons of powdered milk each year. Head of the Food Production Policy Implementation Department of the Ministry of Food, Agriculture and Light Industry T. Gantogtokh noted, “If milk processing factories operate at full capacity, we would not only be able to meet all domestic milk needs, but also be capable of exporting milk.”

Keywords: agriculture, dairy industry The Official Gazette /page 11/

State revenue increases in May, in conjunction with tax revenue growth

Summary:

On June 12, the National Statistical Office reported that the state's consolidated revenue saw a surplus of 45.4 billion MNT in May. A tax revenue hike was the key driver for the state's budget surplus. Tax income reached 2.9 trillion MNT, a growth of 28.1 percent (647.2 billion MNT) compared to the same period in 2017. Tax income accounted for 80.6 percent of the state's revenue. In May 2017, the state's consolidated budget deficit was 412.5 billion MNT.

Keywords: state budget, NSO www.ikon.mn