Ulaanbaatar
PM affirms to support national producers
PoliticsUlaanbaatar /MONTSAME/ "The Government aims to create income accumulation by supporting national producers and it will not impose burden on businessmen with increased taxes", noted Prime Minister J.Erdenebat at a ‘Business breakfast’ on January 14. PM was the first guest of the 2017 meeting, organized by Mongolian National Chamber of Commerce and Industry.
“- We plan to diversify economy based on agriculture and increasing the production and types of domestic-made products. As our market, constituted of 3 million of population’s consume, is small, national companies face barriers on marketing. In purchasing products abroad, businessmen also cannot succeed much because of outdated technology and unrecognized reasons. Therefore, latest well-known technologies should be introduced and the products should be promoted to the world market. Particularly, food industry has high possibilities” said PM.
The Chamber held a poll for two weeks through its Facebook page and businessmen made suggestions to PM regarding the improvement of government and private sector partnership, moving big projects forward, supporting industries, reducing intervention of government to businesses, improvement of investment and business environment, economic diversification, improvement of trade conditions with neighboring countries, tariff reduction and reducing corruption.
During the meeting, businessmen expressed their views on how government could support private sector, introducing some business inventions and innovations and presented their proposals and recommendations in written form.
The attendees underlined that government can overcome economic crisis by expanding the economy; not shrinking it and creating working places. Some businessmen requested the PM to consider postponing the loan repayment term of loan-ridden companies due to exchange rate jumps or freeing them from loan interest for certain period of time, transfer some duties of government to NGOs and make tax environment favorable to businessmen.
At the end of the meeting, the PM vowed that the Government will support the green industry.
“- Future model of business is green production. The Government will promote green industry, establishing centers where massive gathering can happen. We have exchanged views with commercial banks on financing green production and I am happy to declare that Xac Bank became the first bank to issue low interest loan to green production”.
