Mongolian investment climate discussion ongoing

MONTSAME

2017-01-17 14:18 GMT+8

Mongolian business and private sector representatives and corresponding government officials were invited to a seminar co-organized by Japan International Cooperation Agency (JICA) and Mongolian National Chamber of Commerce and Industry today, January 17.

The seminar is designated to introduce the outcome of a study themed ‘Investment Environment of Mongolia, its improvement’ conducted by JICA.

Launched in December, 2015, the one-year study aimed to provide a report on the investment climate of Mongolia to Japanese companies, help them expand their business in Mongolia, and make recommendations to the planning of JICA’s private sector development programs. The study is also expected to contribute to the development of Mongolian businesses.

The study has been completed, but the conclusion will be made with participation of Mongolian government organizations and private sector representatives. Therefore, the seminar was a platform for Mongolian businesses to express and reflect their views in the final report of the study.

“Since 1990 when Mongolian transitioned to market economy, JICA has been implementing number of projects and programs in various sectors such as education, health, governance, agricultural development, private sector development and transportation”, said Sato Mutsumi, Chief Representative of JICA Mongolia Office in his opening speech.

“Number of Japanese companies interested in doing business in Mongolia come to us; but due to lack of sufficient knowledge on investment climate of Mongolia, we observe hesitation and caution. And this study will solve the problem”, he said.

Mongolia and Japan signed an Economic Partnership Agreement in June 2016.

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