CONSULATE OPENS IN EDINBURG

Ulaanbaatar, Mongolia /MONTSAME/ Last week, Mongolia opened its Consulate in Edinburg city of Scotland, the UK.


"A sprawling central Asian state of Mongolia is stepping up its drive to entice Scottish companies to invest in its rapid economic expansion by opening a consulate in Edinburgh today," the "www.heraldscotland.com" website reports about it.

The Ambassador of Mongolia to the UK Mr. B.Altangerel unveiled the flag at the Melville Street property in the centre of the Scotland capital's diplomatic quarter. The honorary consul for Mongolia Mr. David Scott said it would provide a base to meet people and hold functions.

In the webiste is also underlined that Mongolia recorded economic growth of 17.3% in 2011, up from 6.4% in 2010 on the back of demand for commodities. “Economic activity in Mongolia has long been based on herding and agriculture, but it has seen a mining boom in recent years as demand for products such as copper has increased,” it says.

“Mr. Scott led a trade delegation to Mongolia earlier this year. He is preparing for another trip in September.

Some 12 delegates are expected to attend from sectors, including the salmon industry, whisky, and renewable energy. Glasgow University recently signed a memorandum of understanding with the National University of Mongolia which could pave the way for Mongolian students to come to Glasgow. Mongolia has vast mineral resources yet to be fully exploited and a ready market in neighbouring China. The International Monetary Fund expects growth to average 14% a year until 2016,” the website says.

B.Khuder

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