The majority of the state's citizens are of Mongol/Mongolian ethnicity, although Kazakhs, Tuvans, and other minorities also live in the country, especially in the west.Mongolia joined the World Trade Organization in 1997 and seeks to expand in its participation for regional economic and trade groups.The country contains very little arable land, as much of its area is covered by grassy steppe, with mountains to the north and west and the Gobi Desert to the south. The non-religious population is the second largest group.Ulaanbaatar, the capital and largest city, is home to about 40%-45% of the country's population. Islam is the dominant religion among ethnic Kazakhs.The 2006 Rally began on July 22 with 167 cars setting off. The Mongol Rally was run as a charity event from 2004 to 2006 with all of the proceeds from the entry fees used to organise the event with the remaining donated to charity.
To avoid punitive costs and taxes associated with vehicle imports and disposal, the rally now passes through Mongolia and ends in Ulan Ude, Russia.Whilst the capital city Ulaanbaatar may be flying headlong into the future, the endless, majestic emptiness of the steppes and deserts that make up Mongolia’s hinterland are still very much the territory of the planet’s last true nomads.Visit a ger camp and experience their fabled hospitality, explore the Jurassic past of the Gobi Desert, witness the feats and pageantry of the Naadam Festival and find peace beside the sparkling blue of Lake Khovsgol – Mongolia is waiting to be discovered!The extension of our partnership underlines the significant interest in London in working with Mongolia to help the country realise its exciting potential.We look forward to the future and continuing to partner with Mongolia.” Chultem Ulaan, Finance Minister of Mongolia said:“We are delighted to have London Stock Exchange Group as our strategic partner in the ongoing modernisation and development of the Mongolian Stock Exchange.
The principal launch is from Goodwood Circuit in the United Kingdom, with subsidiary starting points in the Czech Republic.