On January 20, President-elect Donald Trump will start his second term in the White House. As an incoming president, Trump’s policies toward Mongolia in particular, and the greater Asia-Pacific region in general, will likely be dictated by business connections and personal ties. During the Biden administration, Mongolia-U.S. relations have expanded; however, there are more opportunities for American businesses to enter Mongolia’s market.

When U.S. President Joe Biden took office in 2021, Mongolia’s investment landscape presented a mix of opportunities and challenges for foreign businesses. To American investors and businesses, Mongolia was viewed as a profitable destination, but some key barriers persisted. In promoting U.S. businesses in Mongolia, the American Chamber of Commerce in Mongolia (AmCham) has consistently championed Mongolia as an investment destination, highlighting its strategic potential and fostering bilateral trade and economic cooperation.

During the Biden administration, Mongolia and the United States have continued to strengthen business mechanisms between Ulaanbaatar and Washington, but improving the investment climate was a crucial task. In response to the challenging investment climate, AmCham has played a proactive role and has been working closely with policymakers to advocate for reforms that support U.S. business interests.

Since 2014, AmCham has been hosting the U.S. Trade Doorknock Mission to encourage business leaders from Mongolia to engage with a range of high-level policymakers in Washington, D.C. These policy dialogues help support Mongolia-U.S. joint advocacy for a private sector-driven, free market economy to attract investment. Through Doorknock, AmCham has facilitated connections with key financial institutions like the U.S. Development Finance Corporation (DFC)........

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