President of Mongolia U.Khurelsukh expresses readiness to cooperate with MNCCI in expanding activities internationally

2021-08-06 17:23:24

Ulaanbaatar /MONTSAME/. On August 4, President of Mongolia U.Khurelsukh received board members of the Mongolian National Chamber of Commerce and Industry (MNCCI) led by MNCCI President O.Amartuvshin and exchanged views.

At the beginning of the meeting, MNCCI President O.Amartuvshin congratulated President U.Khurelsukh on his victory in the election. Mentioning that the world is now moving in the direction of co-existing with the epidemic despite the shrink in operations in the business sector due to COVID-19 for the last two years, he briefly introduced the study carried out on business environment by MNCCI as well as a draft bill.

He then shared his opinion on the possibility of economic recovery through effective public-private partnership amid the challenging circumstances posed by the pandemic, and expressed willingness to cooperate with the president.

In turn, President of Mongolia U.Khurelsukh expressed readiness to consistently provide support for MNCCI, and underlined that he is able to cooperate and focus on improving foreign investment and increasing the participation of Mongolia in international and regional business initiatives, alongside expanding and developing the chamber’s foreign relations and international activities.

The president also said that the cooperation with MNCCI will be based on the principles of non‑politicization in order to implement the objectives of transitioning from welfare to labor, extraction to processing, and from import to export, and eliminate the bureaucratic corruption faced by businesspeople as well as to recover the economy in a short period of time.


During the meeting, board members of MNCCI emphasized the importance of improving investor confidence, increasing non-mining export, and accelerating large scale projects in order to recover the economy, and mentioned several proposals such as improving the legal regulations for the business sector, and choosing the right financial mechanism for implementing projects and programs as well as ensuring equal participation of the public and private sector.