PRESIDENT KHURELSUKH ADDRESSES THE MONGOLIAN-FRENCH BUSINESS FORUM

Ulaanbaatar, October 12, 2023 /MONTSAME/. President of Mongolia Khurelsukh Ukhnaa, who is paying a state visit to the French Republic, delivered a speech at the Mongolian-French Business Forum on October 12, 2023.

In his opening speech, the President expressed his deep gratitude to the Mongolian and French entrepreneurs and enterprisers who attended the Forum aimed at expanding trade and economic cooperation between the two countries.

“Presently, there are 66 French companies registered in Mongolia and about 80 percent of their investments are in the mining sector. We believe that today's Business Forum is important for the further development of mutually beneficial cooperation between the two countries.”

“The government of Mongolia is making comprehensive legal and institutional reforms in the investment policy pursuing the principle of being “a trustworthy and reliable partner’, for improving the investment climate and protecting investors’ interests. In particular, the Ministry of Economy and Development has been newly established.”

The President mentioned that special attention will be paid further to improving the legal environment for foreign investment in Mongolia and creating an investment climate for stable operations for investors. Also, President Khurelsukh emphasized that Mongolia has a stable tax environment, and tax rates are relatively lower compared to other countries in the region. Up to now, Mongolia has established a bilateral Agreement on Foreign Investment Protection and Promotion with 43 countries and Double Taxation Treaties with 26 countries.” 

Agreement on Foreign Investment Protection and Promotion was established with the French Republic in 1991 and the Double Taxation Treaty in 1996. 

Source: https://montsame.mn/en/read/328907