Pres­i­dent speaks at World In­vest­ment Fo­rum

The UB Post - - Politics - By T.BAYARBAT

Pres­i­dent Kh.Bat­tulga de­liv­ered a speech about Mon­go­lia’s in­vest­ment en­vi­ron­ment and op­por­tu­ni­ties to the World In­vest­ment Fo­rum 2018, which will be con­clud­ing to­day in Geneva, Switzer­land.

In his state­ment, the pres­i­dent em­pha­sized that an emerg­ing tech­no­log­i­cal di­vide be­tween de­vel­oped and de­vel­op­ing coun­tries in re­la­tion to the new in­dus­trial revo­lu­tion poses a daunt­ing chal­lenge for land­locked de­vel­op­ing coun­tries like Mon­go­lia in their ef­forts to achieve sus­tain­able de­vel­op­ment and im­ple­ment goals set in the 2030 Agenda for Sus­tain­able De­vel­op­ment, which is why Mon­go­lia is pleased to have an op­por­tu­nity to jointly seek so­lu­tions to global and re­gional chal­lenges at the fo­rum.

The pres­i­dent high­lighted that since the Par­lia­ment of Mon­go­lia adopted its own agenda, called Sus­tain­able De­vel­op­ment Vi­sion–2030 (SDV) based on the 2030 Agenda for Sus­tain­able De­vel­op­ment two years ago, the coun­try has been de­vel­op­ing and im­ple­ment­ing na­tional-level and in­ter-sec­toral de­vel­op­ment poli­cies in line with the SDV.

He pointed out that Mon­go­lia be­lieves that its state poli­cies linked with Sus­tain­able De­vel­op­ment Goals will help en­hance the struc­ture of the rel­e­vant au­thor­i­ties and their co­or­di­na­tion, and in­crease the ef­fec­tive­ness of in­vest­ment.

Kh.Bat­tulga said, “We also fo­cused on de­vel­op­ing a win­win in­vest­ment agree­ment that en­sures our coun­try’s in­ter­ests are on an equal foot­ing by for­mu­lat­ing a model bi­lat­eral in­vest­ment agree­ment in ac­cor­dance with the rec­om­men­da­tions made by United Na­tions Con­fer­ence on Trade and De­vel­op­ment (UNCTAD)”.

He noted that for­eign di­rect in­vest­ment in Mon­go­lia has been in­creas­ing over the past few years, and men­tioned that for­eign in­vest­ment dou­bled last year, while the na­tion’s eco­nomic growth reached 5.3 per­cent last year, and 6.3 per­cent in the first half of this year.

“How­ever, there is still a crit­i­cal need to pro­mote and at­tract more in­vest­ment in sec­tors cru­cial for the im­ple­men­ta­tion of Sus­tain­able De­vel­op­ment Goals, such as agri­cul­ture, pro­cess­ing in­dus­tries and in­fra­struc­ture. In or­der to ad­dress this is­sue, we are work­ing to im­prove the le­gal en­vi­ron­ment for ac­cess­ing the mar­kets of our trad­ing and in­vest­ment part­ner coun­tries and in­crease in­vest­ment from those coun­tries to Mon­go­lia,” Kh.Bat­tulga said.

The pres­i­dent un­der­lined that Mon­go­lia is seek­ing to de­velop its agri­cul­ture, re­new­able en­ergy and tourism sec­tors, and pro­posed North­east Asian coun­tries to im­ple­ment a project called “North­east Asian En­ergy Su­per Grid”.

He added that Mon­go­lia has sig­nif­i­cant re­new­able en­ergy sources, such as so­lar and wind power, that could make up a large por­tion of the re­new­able en­ergy that will be con­sumed in the Asia-Pa­cific re­gion in the fu­ture, which is why the coun­try has great in­ter­ests to move the project for­ward.

In his speech, the pres­i­dent noted that the sum­mit should come up with ways to in­crease the ef­fec­tive­ness and qual­ity of in­vest­ment and to mod­ify in­vest­ment pro­tec­tion mech­a­nisms, and coun­tries, in­vestors and in­ter­na­tional or­ga­ni­za­tions should reaf­firm their com­mit­ment to work to­gether to in­crease in­vest­ment flows as an es­sen­tial fac­tor in achiev­ing sus­tain­able de­vel­op­ment world­wide.

Kh.Bat­tulga con­cluded his state­ment by say­ing, “As a for­mer pro­fes­sional ath­lete, I greatly value the role of sports and phys­i­cal train­ing in the de­vel­op­ment of an in­di­vid­ual and self-dis­ci­pline. Hence, I strongly believe that in­creas­ing in­vest­ment in sports and phys­i­cal ed­u­ca­tion will con­trib­ute sig­nif­i­cantly to achiev­ing the ob­jec­tives set out in Sus­tain­able De­vel­op­ment Goals, such as em­pow­er­ing women and chil­dren, de­vel­op­ing ed­u­ca­tion and health­care and en­sur­ing so­cial eq­uity. Tak­ing this op­por­tu­nity, I wish to ex­press my in­ten­tion to sup­port sports projects and pro­grams in­volv­ing not only Mon­go­lia but also coun­tries in our re­gion.”

As part of the fo­rum, Pres­i­dent Kh.Bat­tulga held a meet­ing with Sec­re­tary-Gen­eral of the UNCTAD Mukhisa Ki­tuyi on Oc­to­ber 23 to dis­cuss mu­tual co­op­er­a­tion.

Ki­tuyi delved into the mul­ti­lat­eral ac­tiv­i­ties be­ing car­ried out by the UNCTAD, in­clud­ing in the ar­eas of trans­port, in­vest­ment, trade fa­cil­i­ta­tion, and sus­tain­able eco­nomic de­vel­op­ment of land­locked de­vel­op­ing coun­tries.

Pres­i­dent Kh.Bat­tulga ex­pressed Mon­go­lia’s in­ter­est in co­op­er­at­ing with the UNCTAD in diver­si­fy­ing the econ­omy and steer­ing the co­op­er­a­tion among land­locked de­vel­op­ing coun­tries.

Kh.Bat­tulga then vis­ited the head­quar­ters of the In­ter­na­tional Road Trans­port Union (IRU) in Geneva to meet with IRU Sec­re­tary-Gen­eral Um­berto de Pretto.

Dur­ing their meet­ing, the sides ex­changed views on the im­ple­men­ta­tion of the TIR Con­ven­tion and trends in the de­vel­op­ment of global trans­port sec­tor.

The pres­i­dent also met with Fran­cis Gurry, the di­rec­tor gen­eral of the World In­tel­lec­tual Prop­erty Or­ga­ni­za­tion (WIPO), to ex­change views on co­op­er­a­tion be­tween the two parts.

He ex­pressed his sat­is­fac­tion with the out­come of Mon­go­lia’s co­op­er­a­tion with the WIPO and dis­cussed the in­tro­duc­tion of new tech­nolo­gies in small and medium-sized en­ter­prises, sup­port for ini­tia­tives and in­no­va­tions of young minds, and ac­cess to in­for­ma­tion on patent ac­qui­si­tion for in­no­va­tions.

Dur­ing their meet­ing, Gurry de­cided to or­ga­nize work­shops on ways to ac­cess the WIPO data­base and put in­tel­lec­tual prop­erty to eco­nomic use in Mon­go­lia.

Pres­i­dent Kh.Bat­tulga ad­dresses the fo­rum

Newspapers in English

Newspapers from Mongolia

© PressReader. All rights reserved.