Building Commercial Ties
Building Commercial Ties
This chapter focuses on trade and investment ties between Mongolia and the United States as Mongolia itself moves increasingly from development to commercial relationships. During the early 1990s, American businessmen were already active in Urga as Ulaanbaatar was then known, promoting trade ties, developing transportation links and speculating about potential mineral wealth. In more recent years, trade ties have expanded significantly as US companies such as Caterpillar, Boeing and General Electric increase their exports to Mongolia. While US investment in mining still lags behind, economic growth fuelled by Mongolia's mineral wealth continues to offer economic opportunity while also helping to strengthen political ties between the two countries.
Keywords: Commercial Relations, United States, Mongolia, China, Russia, Mining, Business Council of Mongolia, Boeing, General Electric, Caterpillar
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