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Mongolia and the United StatesA Diplomatic History$
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Jonathan S. Addleton

Print publication date: 2013

Print ISBN-13: 9789888139941

Published to Hong Kong Scholarship Online: January 2014

DOI: 10.5790/hongkong/9789888139941.001.0001

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Building Commercial Ties

Building Commercial Ties

(p.87) Chapter 5 Building Commercial Ties
Mongolia and the United States

Jonathan S. Addleton

Hong Kong University Press

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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