As we say in Russian: the holy place hardly remains vacant for too long. A while ago, the US Senate came up with a bill addressing Mongolia as a “Third Trade Neighbor”. Clearly, the US Senate did a fine job maximizing the semantics of the aforementioned bill. It doesn’t take a college degree to know that Mongolia has only 2 neighbors – Russia and China. Apparently each country comes up with its own version of “The Art of War” scroll. As you can tell, I am facetious here.
On July 26, 2018, US Representative of the State of Florida “Mr. Yoho (for himself, Ms. Titus, Mr. Young of Alaska, Mr. Meadows, Mr. Fitzpatrick, Ms. Stefanik, Mr. Polis, Mr. Price of North Carolina, Mr. Keating, and Mr. Evans) introduced a bill, which was referred to the Committee on Ways and Mean, to promote United States-Mongolia trade by authorizing duty-free treatment for certain imports from Mongolia, and for other purposes” (H.R.6636 - Mongolia Third Neighbor Trade Act 115th Congress (2017-2018)
Technically speaking, it is about cashmere export to the US. By the way, Mongolian wool has been for years of high demand in Italy.
Personally, I do not believe that investors are dreaming about coming to Mongolia. The US expansion plan can hardly be considered as competition to Russia’s potential in the mining and transportation sectors in the country.
The elections to the People’s Khural of Mongolia (Parliament) will take place in 2020. Many of us are aware of the disputes between President Battulga and the Mongolian Parliament. Now, it is the right time to bet on President Khaltmaagin Battulga, an expert of Chingis Khan’s heritage.
Mongolia is the path to partnership.