Mongolian Government to establish a working group for protecting the interest of foreign investors

Yesterday, a scheduled cabinet meeting took place in the government palace. During the meeting, Prime Minister L. Oyun-Erdene instructed to establish a working group to protect the interests of foreign investors.

The working group will be chaired by Kh. Nyambaatar, Minister of Justice and Home Affairs, and will be chaired by B. Battsetseg, Minister of Foreign Affairs, and B. Solongoo, Deputy Chairman of the Cabinet of Ministers.

Prime Minister L. Oyun-Erdene (August 17, 2021) formally apologized to foreign investors and representatives of international investment organizations for the lack of support and decaying FDI environment.

“On behalf of the Mongolian government, I apologize on all issues that have been unclear or unclear to investors for the past 30 years. As Prime Minister, I will do my best to revitalize the country’s economy,” he said. We will work with a far-sighted plan. ” In this context, the Cabinet meeting today instructed to establish a working group to protect the interests of foreign investors.

We’d like to thank the Prime Minister and his cabinet for having us at the recent live discussion under the auspices of the President to strengthen the country’s economy with a close partnership between all relevant parties.

EuroChamber Mongolia believes that the Prime Minister will achieve the goals he set out and that we are ready to support the Public-Private cooperation of our members through our policy & advocacy efforts.

Source: https://zarig.mn/sry
Photo credit: Zarig News