The Canada–Mongolia Chamber of Commerce met with the Embassy of Canada on 6 November to reaffirm a shared commitment to expanding bilateral trade. Ambassador Stephen Doust outlined Canada’s drive to diversify exports and deepen ties with Mongolia, while CMCC leaders highlighted ongoing outreach to Canadian firms and priority sectors.

​Both sides discussed opportunities in mining, agriculture, IT, AI, and cybersecurity, and agreed to explore joint initiatives, including a Canada-Mongolia Business Forum and a February 2026 event on cybersecurity and agriculture. CMCC will also pursue Indo-Pacific Strategy funding to support future programming. The meeting underscored growing momentum to strengthen Canada’s presence and partnership in Mongolia.

17 September 2024

OTTAWA — The Canada-Mongolia Chamber of Commerce (CMCC) is pleased to announce the appointment of Amar Adiya as President, Gerelt Trost as Executive Director, and Badral Sambuu as Business Development Director and CMCC Representative in Mongolia. This new leadership team brings a wealth of experience in business development, international relations, and trade, positioning the Chamber for an exciting future.

Amar Adiya, Founder and Editor-in-Chief of Mongolia Weekly, will assume the role of President of CMCC. With a robust background in government relations, public affairs, and strategic communications, Amar brings global experience that will strengthen the Chamber’s efforts to enhance trade and investment opportunities between Canada and Mongolia.

Gerelt Trost has been appointed Executive Director of CMCC. She has over a decade of leadership in international project management and financial administration, having managed large-scale global partnerships at the University of Saskatchewan and Saskatchewan Polytechnic. Fluent in five languages, Gerelt’s extensive expertise will play a crucial role in fostering collaboration between Canadian and Mongolian businesses.

Badral Sambuu, an experienced sales and marketing professional, will serve as CMCC’s Business Development Director and Representative in Mongolia. With senior roles at UNITRA LLC and Vestas, where he managed wind energy projects across the APAC region, Badral brings a strong focus on operational efficiency, safety, and customer relations. His background in energy and project management makes him an essential asset to the Chamber's operations in Mongolia.

Amar Adiya, CMCC President, said: "I am honored to lead the Canada-Mongolia Chamber of Commerce and work with this dynamic team. Together, we will continue to promote sustainable development and strengthen the economic ties between Canada and Mongolia, creating opportunities for growth and collaboration."

Gerelt Trost added: "I am excited to bring my experience in international partnerships to the Chamber. By working closely with businesses and government leaders, we aim to foster deeper connections that will benefit both countries."

Badral Sambuu commented: "I look forward to advancing CMCC's mission in Mongolia, working with local and international stakeholders to promote investment and business growth, particularly in the renewable energy sector."
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The new leadership team is committed to ensuring CMCC continues to be a leading voice in Canada-Mongolia relations, advocating for a competitive and sustainable business environment for all members.

About the Canada-Mongolia Chamber of Commerce
The Canada-Mongolia Chamber of Commerce serves its members by advocating for a sustainable and competitive business environment for businesses and communities in both Canada and Mongolia. We are an open, diverse, and inclusive group of individuals and organizations who share a common goal: to create sustainable shared value for Canada and Mongolia in a mutually beneficial manner.

Upcoming Event - One Day On Earth: Adventures Of A Mongolian Globetrotter

Something cool is happening in Toronto - Amai Mongol is visiting for a few days before his departure this Friday! He is a first Mongol to travel the world in this way, as a modern BADARACHIN – following this ancient Mongolian tradition, a kind of mission when a young man, who has certain skills and education, and is matured enough, takes a bag and two sticks and go for a long trip. His task would be to go by foot, to walk through various difficulties, experience pain and collect knowledge and experiences, and than, after some time, to get back to his people and tell them what he has learned.

Canada is the 86th country he is visited in 9 years. His plan was to visit at least 150 countries and 6 continents before he gets back to Mongolia, a journey he embarked on the 4th of November 2005 – a trip around the world.

“For many years we haven’t heard of badarchines, like this tradition has vanished. I wanted to renew this tradition and to investigate possibilities of travelling for Mongolian people, thus giving the opportunity to my people, specially our youth, to go to foreign countries. I write about all countries I see along the way, from Mongolian point of view – about the people who live there and about what a Mongolian traveller could expect there. I am trying to compare all those countries with Mongolia and their cultures with ours.” says Amai.

Mongolia is last nomad civilisation in the World. Soviet Union tried to erase that culture for 70 years, but such a long and rich history couldn’t be erased during two or three generations.

“People of other cultures come from cultures of cities. That is not in Mongolian tradition, but now, especially because of globalisation, Mongolia has to put together both those traditions.” says Amai.

You can read more about Amai around the world traveler here on FB or on his official blog, www.amai.mn

"Jordan Belfort, the former stockbroker made famous by the book he published in 2008 and the subsequent award-winning film in 2013 starring Leonardo DiCaprio, paid a visit to Mongolia recently. 

No, he was not invited to give trading tips. In fact, the convict turned author and motivational speaker was there to talk about how Mongolian government officials and business representatives can help speed along the country’s success “by effectively telling its story”. 

Ironically, Mongolia is far from lacking in qualities that make for a good story; the trouble might just be choosing which to share.

Embracing Tradition while Looking Ahead to a Bright Economic Future 

Accented with lush and serene vegetation in the summer months, parts of Mongolia could easily be confused for Switzerland, according to Lonely Planet. 

"Known the world over for Genghis Khan (Chinggis Khaan) and the traditionally nomadic lifestyle that is still purportedly led by more than 30 percent of the population, Mongolia is looking to capitalize on its unique culture and attractive scenery in a bid to open the world’s eyes to many of its strengths as a place to visit and do business".

With more than 1.5 million square kilometres of land inhabited by just under 3 million people, Mongolia is the world’s most sparsely populated independent country in the world; although that would be difficult to believe for someone visiting the nation’s capital of Ulaanbaatar, which nearly half of the country’s citizens call home. 

Since its democratic government toppled the communist regime in 1990, the country has been reinventing itself as a unique place where old traditions meet modern life. 

As a country rich with natural resources and a well-established mining industry, Mongolia has been actively promoting itself to investors and business owners around the globe, including in Canada through its newly established Canada Mongolia Chamber of Commerce, located in Toronto. I had the opportunity to speak with the Chamber’s Executive Director, Bolor Sambuu. 

“After 70 years of Russian influence ending in 1990, the new generation in Mongolia is not ignoring its past steeped with Tibetan tradition,” she said. “It is also in search of new opportunities to share the talents and hard work of Mongolians with the world. 

"These days, Mongolian cashmere and sea-buckthorn berries have been two of the latest Mongolian exports to gain popularity on the world stage". 

And likewise, as a country that has seen regular double-digit growth, its emerging middle-class enjoys travelling to other countries and imported goods.” 

Opportunities for Canadian Businesses in Mongolia 

Canada is the second largest investor in Mongolia, and Export Development Canada (EDC) is actively pursuing business there, having assisted 28 Canadian firms from its regional offices in Moscow, Russia. 

Canadian businesses already export nearly $72 million to Mongolia, and according to EDC, the business environment ranks quite favorably compared to similarly rated markets as denoted by the World Bank Ease of Doing Business or World Economic Forum competitiveness indicators. 

Furthermore, the Canadian government has taken an important step to offer additional support to Canadian businesses by opening up a Canadian Embassy in Ulaanbaatar. 

Learn about government funding programs for export development and find out more about doing business in Mongolia and making it part of your international business strategy by visiting  www.canadamongolia.ca or by contacting Bolor Sambuu'.

Written by Ryan Weaver 
Marketing Analyst at Mentor Works 

Ryan is a Marketing Analyst at Mentor Works and holds a B.A. in economics, as well as a M.Sc in management and several published works including two book publications. Ryan is actively engaged with business owners and executives to educate them about government grants and funding available to accelerate their growth and cash flow planning activities.

Original article: Is Mongolia the next emerging market for your international business strategy? | Trade Ready