As part of the Government of Mongolia’s “UNLOCK” national initiative, significant progress has been achieved during the first 100 days in strengthening the country’s investment and trade environment. Key accomplishments include:
– Enacted the Law on Economic Freedom, together with amendments to more than 90 related laws, establishing a stronger legal foundation for a competitive, market-oriented economy.
– Approved the issuance of Tax Stabilization Certificates for major investment projects, enhancing legal certainty and strengthening long-term investment confidence.
– Streamlined business establishment procedures by enabling businesses to obtain registrations and permits electronically through the e-business.mn platform.
– Signed investment agreements totaling USD 545 million during the Expanded Meeting of the Economic Council.
– Reached an agreement with Phillip Capital, a Singapore-based investment management company with USD 65 billion in assets under management, to establish an office in Mongolia.
– Officially launched negotiations on a Partnership Agreement on Trade and Investment Facilitation with nine Central Asian countries, marking a significant step toward expanding regional economic cooperation.
– Accelerated the development of renewable energy projects, creating new opportunities to attract private sector investment.
– Continued implementing reforms to reduce state intervention and foster a transparent, competitive, and investment-friendly business environment.
These policy initiatives and legal reforms reflect the Government of Mongolia’s commitment to improving the country’s investment climate, strengthening economic competitiveness, and creating a stable, transparent, and predictable environment for investors and businesses.
