Ulaanbaatar
PM about priorities of government and economic situation
PoliticsUlaanbaatar /MONTSAME/ The Prime Minister Ch.Saikhanbileg Wednesday held a meeting with members of the American Chamber of Commerce in Mongolia (AmCham Mongolia), giving a report about priorities of the Governmental policy and economic situation.
Mr Saikhanbileg noted Mongolia is open to business and investments, and emphasized a role of the USA in expanding the economic cooperation of Mongolia.
In 2016, Mongolia was on the 56th place in doing business rate, going up from 76th place of 2015, the Premier said, and pointed out that Mongolia has established the Economic Partnership Agreement (EPA) with Japan, and international investors are going to invest USD 4.2 billion to the second phase and construction of underground mine of the Oyu Tolgoi project.
He added that Mongolia has formulated its policy on long-term development, and a draft of package laws on tax has been submitted to parliament.
The Premier underlined the economic development of Mongolia will be ensured when the investment environment is sustainable in the country.
Organized for the third year, the meeting attracted some 70 people including businessmen, officials from the AmCham Mongolia and diplomats of Embassies in Ulaanbaatar.
The AmCham is an independent membership-driven organization that seeks to build, strengthen, and protect business between the United States and Mongolia and to actively promote Mongolia as a destination for American investment. The chamber is accredited by the U.S. Chamber of Commerce as its official affiliate in Mongolia.
Based in Washington, DC, the U.S. Chamber of Commerce is the largest business federation in the world with over 3 million member companies. Such chambers have been established in over 100 countries in the world.
