Mongolia is a nation which. at one time. received foreign aid from the Soviet Union amounting to more than half of its GNP. As my colleagues know. the process of privatization is a painful one. bringing with it many dislocations. However. without equivocation. Mongolians have embraced the transition to a marketoriented economy. They welcome U.S. businessmen and work to emulate our political system. As Mongolians retool their industrial infrastructure. the need for United States products and services in the areas of telecommunications. rail transit. and power generation. to name a few. will be significant. MFN for Mongolia is sure to benefit United States exporters. Also. it will help nurture a small economy eager to participate in international trade.
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Mongolians