News/publications

PRESS RELEASE 05 FEB 2014:

Launch of Australia Mongolia Business Council

We are pleased to announce the establishment of the Australia Mongolia Business Council, a body aimed at promoting the mutual business interests of Mongolia and Australia. The Australia Mongolia Business Council is established as a company limited by guarantee. It is a membership-based, not-for-profit organisation founded to:

(a)         promote business opportunities in Mongolia to Australian businesses so as to develop Australia’s economic presence in Mongolia;

(b)         enhance economic cooperation and growth and the reduction of barriers to trade and international investment between Australian and Mongolia;

(c)          facilitate cultural exchange between the Australian and Mongolian business communities so as to increase mutual understanding and economic development;

(d)         assist cooperation and sharing of knowledge and experience between Australian and Mongolian business enterprises so as to develop industry and commerce in Australia and Australia’s standing in the international market; and

(e)         provide Australian businesses with information on doing business in Mongolia, including information about Mongolian business laws, customs and culture.

The founding members of the Australia Mongolia Business Council are:

  • Mark Green (International Managing Partner of Minter Ellison Lawyers);
  • Bayarkhuu Purevdorj (Chartered Accountant and current President of the Mongolia Association of Victoria);
  • Travis Hamilton (founder of the Singapore Mongolia Business Association and Khan Investment Management);
  • David Paterson (Independent Consultant at Emergent Advisory and Senior Counsellor at APCO Worldwide); and
  • Dr Nigel Finch (Associate Dean (Undergraduate) and Director of Admissions at The University of Sydney Business School).

Mark Green has been elected as the inaugural Chairman of the Council.

“Australia has had a positive trade relationship with Mongolia for over 40 years,” said Mr Green. “In recent times, the level of trade and investment into Mongolia from Australia has risen significantly.  There are now more than 170 Australian businesses invested in Mongolia and that number is growing.”

The Ambassador of Mongolia to Australia, Mr Ravdan Bold, has welcomed the announcement as a significant step … “I am very excited about the establishment of the Australia Mongolia Business Council. The Embassy was very supportive of this initiative from the beginning and we are looking forward to working with the Australia Mongolia Business Council in its future endeavours,” Mr Bold commented.

The Australia Mongolia Business Council intends to host a number of forums each year to facilitate the sharing of experiences of doing business in Mongolia (including experiences taking place in the context of business-to-business dealings as well as business-to-government dealings) and methods of addressing potential obstacles to Australian businesses trading with and investing in Mongolia.

The Australia Mongolia Business Council welcomes applications for membership from organisations and individuals with an interest in furthering Australia’s business relationships with Mongolia.

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