Hugo Swire champions major UK investment in Mongolia
Minister Hugo Swire is in Mongolia for two days of political calls, including on Foreign Minister Bold, and work with UK and Mongolian business.
As well as visiting local community projects, he will also be the first British Minister to visit the Oyu Tolgoi mine 鈥� a $7bn dollar investment by Rio Tinto with the potential to transform Mongolia鈥檚 economy.
Mr Swire said:
The Foreign Secretary鈥檚 visit to Mongolia last year was testament to the importance we place on our partnership with Mongolia. We were the first western country to establish relations with Mongolia in 1963, and in 2013 we celebrated fifty years of diplomatic relations. They remain as strong now as they were at the start.
I look forward to working together on international issues around security, defence and economic growth as well as promoting British business and meeting Chevening scholars. And I hope in particular to have productive discussions on the future development of the Oyu Tolgoi mine 鈥� a major British investment and a huge opportunity for Mongolia.
Mr Swire鈥檚 visit to Mongolia follows a two-day visit to China where he met government representatives in Beijing before travelling on to Xi鈥橝n to learn more about another of China鈥檚 emerging cities.
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