French President visits Mongolia: Highlights and Impacts
French President Emanuelle Macron’s visit to Mongolia on March 21, 2023, has far-reaching implications across various spheres, including political, economic, social, and foreign relations. The visit underscores Mongolia’s geostrategic importance and France’s interest in strengthening its presence in East Asia via the Indo-Pacific Strategy, while also seeking stable uranium sources for its nuclear energy sector.
Macron’s primary objective during the visit was to expedite the operations of Badrakh Energy, a joint venture between French multinational Orano and Mongolia’s MonAtom, which mines uranium in Mongolia. This partnership would secure a uranium supply for France’s nuclear reactors, generate jobs and revenue for Mongolia, and improve bilateral cooperation. Mongolia and France declared in their joint statement that they would negotiate and sign a mining investment agreement between Mongolia and Orano later this year, unlocking the multi-billion dollar Zuuvch Ovoo uranium deposit in Gobi.
Notwithstanding, the development of uranium mining in Mongolia presents challenges and risks, including environmental concerns and community opposition. Orano’s previous involvement has elicited public backlash, necessitating community engagement via funding local schools, healthcare, and scholarships. With this visit, France emphasizes the importance of balancing environmental and social concerns with economic growth and sustainable development.
Macron’s visit to Mongolia also holds critical strategic implications for his foreign policy vision and Europe’s pursuit of strategic autonomy. By creating partnerships beyond traditional alliances, Macron’s approach may shape European dynamics in the Asia-Pacific region, determining Mongolia’s position within this context.
Expanding cooperation with France in sectors such as green energy and culture can provide economic benefits and international partnerships. However, guaranteeing that uranium mining aligns with sustainable practices and addresses social and environmental concerns is critical.
As Mongolia and France face challenges and resistance in their uranium mining endeavors, striking a balance between economic opportunities and social-environmental considerations is fundamental for long-term success and sustainable partnership.
