New opportunities for Belarusian business in Mongolia soon
MINSK, 6 September (BelTA) – Representatives of the Belarusian business community, who are interested in cooperation with Mongolia, will soon be able to expect new more favorable business operation terms in the country. The statement was made by Chimed Saikhanbileg, a member of the Mongolian parliament, Minister and Chief of the Mongolia Government Office, at the Belarusian-Mongolian business forum held in Ulaanbaatar on 5 September, BelTA has learned.
The business forum was a landmark event for the Belarusian side and the Mongolian one. It gathered representatives of the largest businesses of the two countries.
Chimed Saikhanbileg remarked Mongolia was glad to welcome Belarusian guests, including representatives of MAZ, BelAZ, MTZ, and other enterprises, which merchandise is known all over the world.
According to the MP, the Mongolian government pursues a policy that supports private business. “With this in mind favorable conditions are created as well as the most intense legal base,” he noted.
There are plans to pass a new bill on investments in Mongolia. The bill is expected to open up new possibilities before foreign investors, said Chimed Saikhanbileg. “The new bill will not differentiate between domestic and foreign investors. Both kinds will enjoy equal legal capabilities,” noted the MP. “It will be easier to register companies. Companies will be granted new ways to calculate their earnings”.
BelTA reported earlier that a Belarus government delegation was in Mongolia on an official visit on 3-5 September. The Belarusian head of government met with the country’s leaders, namely Mongolia President Tsakhiagiin Elbegdorj, Prime Minister Norovyn Altankhuyag and Chairman of the Mongolia Parliament Zandaakhuu Enkhbold. A number of agreements were signed as a result of the meetings. Among other things the agreements lift visa requirements, regulate cooperation in education, military and technical cooperation, as well as cooperation and mutual aid in customs affairs. Belarusian companies contracted to deliver over $31 million worth of merchandise to Mongolia.
During the visit a National Expo of the Republic of Belarus was opened in Ulaanbaatar. The expo will stay open till 8 September. The Belarusian-Mongolian business forum was held the day before.
The business forum was a landmark event for the Belarusian side and the Mongolian one. It gathered representatives of the largest businesses of the two countries.
Chimed Saikhanbileg remarked Mongolia was glad to welcome Belarusian guests, including representatives of MAZ, BelAZ, MTZ, and other enterprises, which merchandise is known all over the world.
According to the MP, the Mongolian government pursues a policy that supports private business. “With this in mind favorable conditions are created as well as the most intense legal base,” he noted.
There are plans to pass a new bill on investments in Mongolia. The bill is expected to open up new possibilities before foreign investors, said Chimed Saikhanbileg. “The new bill will not differentiate between domestic and foreign investors. Both kinds will enjoy equal legal capabilities,” noted the MP. “It will be easier to register companies. Companies will be granted new ways to calculate their earnings”.
BelTA reported earlier that a Belarus government delegation was in Mongolia on an official visit on 3-5 September. The Belarusian head of government met with the country’s leaders, namely Mongolia President Tsakhiagiin Elbegdorj, Prime Minister Norovyn Altankhuyag and Chairman of the Mongolia Parliament Zandaakhuu Enkhbold. A number of agreements were signed as a result of the meetings. Among other things the agreements lift visa requirements, regulate cooperation in education, military and technical cooperation, as well as cooperation and mutual aid in customs affairs. Belarusian companies contracted to deliver over $31 million worth of merchandise to Mongolia.
During the visit a National Expo of the Republic of Belarus was opened in Ulaanbaatar. The expo will stay open till 8 September. The Belarusian-Mongolian business forum was held the day before.
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