Ulaanbaatar
General principle to be adhered for establishment of investment agreements
Politics
Ulaanbaatar/MONTSAME/ During
its regular meeting on March 6, the Cabinet approved a general model to be
proposed by Mongolia for ‘Intergovernmental Agreement on encouragement and
mutual protection of investment’. Objectives and principles in the model will be
followed when investment agreements and negotiations are made.
The approval of general model
will create legal regulation in eliminating contradictions in making investment
agreements, attracting balanced investment and protecting national security,
social orders and environment.
Mongolia established the ‘Intergovernmental
Agreement on encouragement and mutual protection of investment’ with 44
countries, of which 36 are currently in force.
