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Foreign investment policy in Mongolia

Foreign investment policy in Mongolia. by JAVKHLANBAATAR SEREETER Director General Foreign Investment Regulations & Registration Department, Ministry of Economic Development Ulaanbaatar, 1 st March, 2013. Content. How Does Mongolia Protect Foreign Investment?. How Does the FDI Perform?.

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Foreign investment policy in Mongolia

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  1. Foreign investment policy in Mongolia by JAVKHLANBAATAR SEREETER Director General Foreign Investment Regulations & Registration Department, Ministry of Economic Development Ulaanbaatar, 1st March, 2013

  2. Content • How Does Mongolia Protect Foreign Investment? How Does the FDI Perform? What Are the Main Principals of FDI Policy? Why You Should Invest in Mongolia?

  3. Foreign Investment Legal Framework Washington Convention on Investment Dispute Settlement Seoul Convention on Investment Insurance WTO Agreements (including TRIMs) International Agreements Bilateral Investment Protection Agreements National Laws on Foreign Investment Most-Favoured Nation Treatment

  4. Foreign Investment Legal Framework International Agreements Bilateral Investment Protection Agreements • Mongolia has a Bilateral Investment Protection Agreement with 43 countries. National Laws on Foreign Investment

  5. Foreign Investment Legal Framework International Agreements Bilateral Investment Agreements • The Foreign Investment Law of Mongolia (1993) • The Law Regulating Foreign Investment in Entities in the Strategic Sectors (2012) National Laws on Foreign Investment

  6. Foreign Investment Legal Framework National Treatment The Foreign Investment Law of Mongolia No-Expropriation Free Repatriation

  7. Foreign Investment Legal Framework The Law Regulating Foreign Investment in Entities in the Strategic Sectors (2012) Acquisitions & Transactions Mining Banking & Financing Media & Telecommunications Certain Thresholds Approval from the Govt. & Parliament The Law is enforce from the date adopted. The relevant entities have to comply with the Article 8.2. which is about informing their shares in the strategic sectors of the Law without waiting the Implementing Regulations !

  8. Foreign Direct Investment Performance FDI by Sectors in 2012.06.30

  9. Foreign Direct Investment Performance FDI by Countries

  10. Foreign Direct Investment Performance FDI from Poland /1994-2012/ - 41st (110 countries)

  11. Foreign Direct Investment Performance How Mongolia ranks on Doing Business topics Source: WB Doing Business Report 2012 Source: WB Doing Business Report 2013

  12. Foreign Direct Investment Performance FDI Regulatory Restrictiveness Index 2012 Source: OECD, FDI RR Index 2012

  13. Foreign Direct Investment Performance How Mongolia ranks on Doing Business topics WB Doing Business Report 2012 WB Doing Business Report 2013

  14. Foreign Direct Investment Performance

  15. New government resolutions for infrastructure

  16. AUTOROAD PROJECT

  17. RAILWAY PROJECT – 1800km Khankh Khandgait Khuur-Numrug route Altanbulag Ereentsav Khatgal Baga-Ilbenh ULAANGOM Ulaanbaishint UVS HUVSGUL Naranbulag MURUN ULGII SELENGE Sainshand-BaruunUrt-Khuut-Choibalsan route Ulgii DARKHAN BAYAN-ULGII Havirga ERDENET BULGAN ZAVKHAN Jargalant BULGAN ARHANGAI ULIASTAI CHOIBALSAN KHOVD Tsahir Battsengel Tamsagbulag KHENTII DORNOD Ulaanbaatar ZUUN MOD Matad TUV TSETSERLEG UNDURKHAAN Yarantai BARUUN- URT Uench SUKHBAATAR BAYANHONGOR CHOIR ARVAIHEER Khuut-Bichigt route Bichigt GOVY-ALTAI MANDALGOVY UVURHANGAI BAYANHONGOR DUNDGOVY SAINSHAND Burgastai DORNOGOVY Tsogt Ovoo Tsagaan suvarga Tavantolgoi DALANZADGAD Zamyn-Uud UMNUGOVY Oyutolgoi Khanbogd ТT-TsagaanSuvarge-Sainshand route Shivee huren Gashuun Suhait Nariin suhait NariinSukhait-ShiveeKuren ТT- GashuunSukhait

  18. POWER NETWORK

  19. Investment opportunities • Issued successfully ‘Chinggis bond’ in the international markets with following significance: • 2 fold increase in foreign reserves that supports macroeconomic stability • Provides basis for stabilization of national currency, allowing inflation expectations to stabilize for the first time in 5 years • This gives turn policy to the Bank of Mongolia to decrease policy rates and increase money supply, which will support overall economy • Increased potential credit sources in the economy • Allows financing the Social Insurance Fund and effective implementation of notional personal accounts system • Allows introduction of classical mortgage finance system • 1/3 of Bond projects will be implemented from Foreign Direct Investment

  20. Investment opportunities Law on Concessions of Mongolia (PPP) adopted on 28 January, 2010. • puts state and local properties into economic utilization • vast business opportunities for investors • the list of concession items is approved by the state and local administrative bodies • decisions shall be made whether to finance from state fund, to make a guarantee, to organize a tender or to conclude a direct agreement • Foreign legal entities or their consortiums may submit an unsolicited proposal to enter into a concession agreement

  21. Investment opportunities The Law of Innovation adopted on 22 May, 2012. • This law lays down the legal ground for the principles, governance, organization, financing, state support for innovation activities as well as for utilization of intellectual property as an economic asset. Due to the adoption of this law relevant amendments to support innovation activities have been also introduced to the existing law on foreign investment.

  22. Key Factors Attracting FDI

  23. Key Factors Attracting FDI

  24. Expectations from FDI’s

  25. Thank You ! www.investmongolia.com

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