Hugo Swire champions major UK investment in Mongolia
- Foreign & Commonwealth Office and The Rt Hon Hugo Swire
- Part of:
- UK prosperity and security: Asia, Latin America and Africa and Mongolia
- 21 May 2014
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
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 – a $7bn dollar investment by Rio Tinto with the potential to transform Mongolia’s economy.
Mr Swire said:
The Foreign Secretary’s 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 – a major British investment and a huge opportunity for Mongolia.
Mr Swire’s visit to Mongolia follows a two-day visit to China where he met government representatives in Beijing before travelling on to Xi’An to learn more about another of China’s emerging cities.
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Published: 21 May 2014