The Viceregal Lion
  1. The Governor General of Canada
  2. Her Excellency the Right Honourable Julie Payette
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Breakfast with Business Leaders (Ulaanbaatar, Mongolia)

Ulaanbaatar, Mongolia, Saturday, October 26, 2013


Thank you for welcoming me so warmly. I am pleased to have the opportunity to meet with Canadian business leaders here in Mongolia.

Those of you attending this breakfast represent the many commercial interests that unite Canada and Mongolia.

As someone who strongly believes in the power of collaboration to build smarter, more caring and prosperous societies, I view your presence here with great optimism.

For 40 years, our two countries have been partners diplomatically, but it is our economic links—precipitated by many Canadian entrepreneurs—that were the genesis of our bilateral relationship. Today, billions of dollars invested by your companies in Mongolia signify your ongoing and long term commitment to this country.

Although Canadian involvement in the mining industry continues to be vital, I am pleased to see that our commercial ties are deepening and maturing. There has been great diversification in recent years, and there is still so much potential for us to do more together.

Canadians are also eager to deepen our level of co-operation in education, a sphere of particular interest to me as a former teacher and university administrator. 

As governor general, I can assure you that Canada understands the challenges associated with investing and doing business in Mongolia.  

Canada is working closely with Mongolia to address many of these issues, including investment protection, governance through technical assistance, and development aid. I am also pleased to see that you have received support from the Canadian Embassy and the Trade Commissioner Service here in Mongolia.

There is so much opportunity. Canada is eager to develop stronger ties with Mongolia, and you are ambassadors for us in this regard.

Our great potential makes it all the more essential for us to ensure our ventures achieve prosperity, sustainability and social responsibility in equal measure. When it comes to increasing financial wealth and societal well-being in the 21st century, our choice is not “either/or,” but rather “and/both.”

I look forward to hearing about your experiences in Mongolia, and assessing how you, Canada, and other partners can work together for the future.  

Please enjoy your breakfast.