The Business Council of Mongolia And National Development Agency Established Memorandum Of Understanding

Press release

            Under the purpose of expanding cooperation, Chairman of the Business Council of Mongolia B.Byambasaikhan and Director-General of the National Development Agency B.Bayarsaikhan established a Memorandum of Understanding (MoU) on April 17, 2019. The purpose of the MoU is to stabilize Mongolian investment policy, boost competitiveness, improve the legal environment, provide information to investors, and to intensify the activities of the Public-Private Dialogue Council.

            Works to be implemented by the parties under the scope of the MoU include protection of the legal interests of investors, improvement of the investment climate, informational exchange between the two organizations, introduction of international experiences, as well as creation of a handbook for investors.

            In addition, the Business Council of Mongolia has taken on the role of Coordinator for the Public-Private Dialogue Council established under the Investment Protection Council, and is facilitating discussion of pending proposals by government and parliament with the aim of actively representing the interests of the private sector and raising issues faced by investors to government organizations.

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