WASHINGTON (AFP) – Mongolia promised to give US companies a role in  its booming energy sector as President Barack Obama reached out to the  young democracy that is also being courted by neighboring China.
 Mongolian President Tsakhia Elbegdorj on Thursday capped a trip to  Washington with a White House meeting with Obama, the very day that the  country's Prime Minister Sukhbaatar Batbold held talks in Beijing and  received loan guarantees.
 In a joint statement released by the White House, the United States and  Mongolia "emphasized their two countries' common interest in protecting  and promoting freedom, democracy and human rights worldwide."
 The two nations also promised to expand economic ties. During  Elbegdorj's trip, MIAT Mongolian Airlines said it would buy three  aircraft from the Chicago-based Boeing Co. at a value of $245 million.
 "Mongolia noted the important role that US companies," the statement  said, "will play in the development of the country's coal, other mineral  resource, infrastructure, agriculture, energy and tourism industries."
 Mongolia is opening up its mining industry to foreign investors, hoping  to stimulate growth and alleviate poverty. US-based Peabody Energy is  among bidders to develop part of the Tavan Tolgoi mine, one of the  world's largest coal fields.
 Sandwiched between China and Russia, Mongolia has traditionally pursued a  careful foreign policy that does not alienate its giant neighbors. But  it has also sought closer ties with the United States and sent troops to  both Iraq and Afghanistan.
  "We regard the United States of America as our first 'third neighbor'  and we would like to improve that relation," Elbegdorj said at the  Brookings Institution think-tank shortly before his summit with Obama.
 "We have a peaceful foreign policy," he said. "Some call it a tough  neighborhood. But we exist next to each other for centuries and we know  how to get along with the People's Republic of China and the Russian  Federation."
 Elbegdorj also visited Russia for talks with President Dmitry Medvedev and Prime Minister Vladimir Putin earlier this month.
 Elbegdorj, 48, was a key leader of the peaceful 1990 revolution that  ended 70 years of Soviet-backed communist rule in Mongolia. He was  elected in 2009 on promises to end graft and reverse the rich-poor gap  in the vast nation of fewer than three million people.
 Mongolia next month takes the helm of the Community of Democracies, an  international initiative. He voiced hope Mongolia would serve as a  "regional beacon" but stopped short of commenting directly about the  state of democracy in China.
 In sometimes colorful language, Elbegdorj saluted protesters who toppled  authoritarian regimes in the Middle East but warned them that democracy  takes time.
 "Today I see joyful demonstrations on the streets of the Middle East. I  think they will go through very hard times for years -- maybe 20 years  -- to achieve today's level of Mongolia," he said.
 "The beauty of freedom is that there is always space to correct our  mistakes," he said. "When there is criticism from the public, we are  forced to change and to make better decisions."
 "Democracy is not a one-day, one-week, one-year, 20-year issue. I think  you have to care for that every morning, like changing the diapers of a  baby," he said.
source:AFP 


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