Ulaanbaatar
Investment Research Center to be established under Ministry of Foreign Affairs
Politics
Ulaanbaatar /MONTSAME/ The State Heads of Mongolia, the Russian Federation and People’s Republic of China have approved a program on establishing the Mongolia-Russia-China Economic Corridor. Accordingly, 32 projects are to be implemented in the sectors of urban development, infrastructure, energy, environmental, tourism, agriculture.
The Ministry of Foreign Affairs has been selected as the main implementing body of the project from the Mongolian side and the project is specified to establish the Investment Research Center. The center is responsible for conducting research on technology, economic estimation, research on coordinating regulations of the three countries necessary for the project to prepare advice and methodology, independently conducting Environmental Impact Assessments on projects related to infrastructure, border checkpoint, free trade zone and urban development, in accordance to the international standard and related domestic law.
Furthermore, the Acting Minister of Foreign Affairs Ts.Munkh-Orgil was instructed to adapt, register and enforce rules and regulations of the Investment Research Center and temporarily assign personnel from other ministries, agencies and related organizations.
The Ministry of Foreign Affairs has been selected as the main implementing body of the project from the Mongolian side and the project is specified to establish the Investment Research Center. The center is responsible for conducting research on technology, economic estimation, research on coordinating regulations of the three countries necessary for the project to prepare advice and methodology, independently conducting Environmental Impact Assessments on projects related to infrastructure, border checkpoint, free trade zone and urban development, in accordance to the international standard and related domestic law.
Furthermore, the Acting Minister of Foreign Affairs Ts.Munkh-Orgil was instructed to adapt, register and enforce rules and regulations of the Investment Research Center and temporarily assign personnel from other ministries, agencies and related organizations.
B.Tugsbilig
