Ulaanbaatar
FM submits draft amendments to laws
PoliticsUlaanbaatar /MONTSAME/ The Minister of Foreign Affairs L.Purevsuren Wednesday submitted to R.Gonchigdorj, a Vice Speaker of parliament, draft amendments to several laws and parliamentary resolution. He said these drafts should be discussed and adopted urgently.
The package of documents includes draft amendments to the laws on customs, on customs tariff and taxes, on excise tax and on stamp duty and a draft resolution of parliament on approving percentage and size of customs tax on import products.
Current laws on the excise tax and other related laws must be amended urgently because Mongolia bears a responsibility for maintaining the same tariff and commercial agreements of members of the Marrakesh Agreement on establishing the World Trade Organization (WTO). Moreover, this law should be amended in order to fully realize the Economic Partnership Agreement (EPA) with Japan, Purevsuren said.
