Ulaanbaatar
Law Implementation and Application to be Evaluated to Protect Foreign Investment
Politics
Ulaanbaatar,
November 30, 2023 /MONTSAME. On November 29, 2023, a
regular session of the Cabinet took place and relevant officials were tasked to
take certain measures in resolving complaints received from enterprises with
foreign investment and investors.
Minister
of Justice and Internal Affairs Enkhbayar Battumur was assigned to conduct an evaluation
on the implementation of the Law on the Enforcement of Court Decision and the
impacts of the application of Criminal Procedure Law and to present it within
the next month. The evaluation should analyze legal aspects of delayed
execution of a court decision and non-execution of court decisions as well as investigation
and detention of defendants without sufficient evidence by
authorized officials.
Mining,
geology, and petroleum industries constitute about 72 percent of foreign direct
investment (FDI), trade and catering 11 percent, and other industries 17
percent. To increase FDI, the Government is working on protecting the legal
rights and interests of foreign investors who have already invested, resolving their
problems promptly according to law, and creating a favorable investment
environment, besides attracting new investment. Internationally, about 50
percent of FDI inflows come from reinvestment.
