Ulaanbaatar
Government to encourage domestic production by all means possible
PoliticsUlaanbaatar /MONTSAME/ The cabinet issued Wednesday a direction to the budget administrators on measures for promoting national production and manufacturing. The related officials were assigned to study the possibilities to raise import taxes on some goods listed in the Resolution No 336, issued in 2015.
The officials were also tasked to forward proposals on feasible changes to the above resolution, to study ways of encouraging through financial incentives the national manufacturers that meet the standard requirements, to practice discount principles for home-produced goods and services during bid and tender procedures, and to encourage and award companies and organizations, which promote the national production.
