BCM April 2022 Monthly Meeting Recap

MONTHLY MEETING RECAP 10 June 2022 Hits: 1330

BCM APRIL 2022 MONTHLY MEETING RECAP

The Business Council of Mongolia (BCM), in cooperation with the International Think Tank for Landlocked Developing Countries (ITTLLDC) and the National Road Transportation Association of Mongolia, held a Monthly Meeting on 27 April 2022 on the topic of “Pressing problems and their resolution: Mongolian Trade and Transportation Logistics.” The discussion aimed to exchange perspectives on overcoming today’s challenges faced in the areas of transportation, logistics, and trade. The Monthly Meeting also covered insights from Executive Director of the ITTLLDC, Mr. D.Dulguun. A presentation by Dulguun was followed by a panel discussion which he moderated; on the panel were:

Ms. D.Gerelnyam, Head of the Policy and Planning Department of the Ministry of Road and Transport Development of Mongolia
Dr. A.Munkhbold, President of the Mongolian Logistics Association
Mr. J.Ayush, Transport Manager, National Road Transport Association of Mongolia
Ms. D.Unurjargal, Regional Cooperation Officer, Asian Development Bank
Mr. E.Yesukhei, Director of the Investment Research Center – Ministry of Foreign Affairs of Mongolia

Themes throughout the discussion included foreign trade ramifications of the Russo-Ukrainian War on Mongolia, the recent Covid wave in China, and improving the handling capacity of border ports.

Mr. N.Batnasan, Professor at the National University of Mongolia’s Business School, expanded further on this with his presentation on the current issues Mongolia faces regarding international trade.

A second roundtable was held, with BCM Vice Chair Mr. E.Orchlon serving as moderator for a panel featuring:

Mr. N.Batnasan, Professor of Business School, National University of Mongolia
Mr. O.Bolorbat, CEO of Trade and Distribution Company TBI (Tavan Bogd International)
Mr. Ch.Davaabayar, SME Association of Mongolia
Mr. A.Enkhjin, Director General, Reserves Management and Financial Markets Department, Bank of Mongolia
Mr. G.Ulziisaikhan, Head of the Department of Foreign Trade and Economic Cooperation, Ministry of Foreign Affairs of Mongolia

The audience heard diverse opinions from the representatives of business, government, and academia. Sentiments ranged from Mongolia fairing relatively well given the state of the world to frustration about corruption and ineptitude.

An overarching theme of the meeting would be that while Mongolia’s domestic situation is significantly dependent on the political and social situations of its two neighbors, there is much room for improvement in enhancing the legalities, physical infrastructure, and policies that pertain to logistics and international trade.

Photos from the meeting can be found from the BCM's Facebook page.

More information can be found from the Editor's notes and presentations linked below.

Links:

"Current issues of Mongolia's logistics sector as a landlocked nation and opportunities for improvement" (Mongolian) - By D.Dulguun, Executive Director of the ITTLLDC
"Mongolia's transport sector" (Mongolian) by D.Gerelnyam, Head of the Policy and Planning Department of the Ministry of Road and Transport Development
"Issues surrounding Mongolian international trade" (Mongolian) - By N.Batnasan, Professor at the Business School of the National University of Mongolia

You may find the media coverages down below: