Mongolian companies have many choices when it comes to vehicle and equipment purchases. The purchase price is often the most […]
Advocacy
AmCham Mongolia’s objective is to promote trade and investment between Mongolia and the United States and to improve Mongolia’s business environment. Part of our strategic approach to achieve this is to remain strongly engaged in direct advocacy for better investment, legal and regulatory policy, and working closely with our members and key policymakers in order to address these important and highly relevant issues. Below is a list of the advocacy projects we have developed, along with our members, which have successfully contributed to the promotion of a healthy business environment in Mongolia.
Traffic Congestion in Ulaanbaatar City
AMCHAM MONGOLIA APPLAUDS SHORT-TERM SOLUTIONS TO TRAFFIC CONGESTION IN ULAANBAATAR CITY During the meeting of the National Committee on Balanced […]
Virtual U.S. Doorknock Report 2021
AmCham Mongolia’s first virtual U.S. Trade Mission to Washington, D.C., led by Vice Chairwoman Ms. Munkhnasan Narmandakh, was successfully held […]
Annual Report 2020
AmCham Mongolia released its Annual Report for 2020, highlighting our achievements and key milestones over the past year. The Annual […]
Roadmap for Growth 2021
Policy and Advocacy Priorities for 2021 The COVID-19 pandemic and unprecedented precautionary measures are having a major impact and bringing […]
Position Paper on Recycling Old Car Batteries
This position paper, titled “Environmental Damage of Old Car Batteries and Recommended Solutions”, was developed by the American Chamber of […]
AmCham Mongolia Position Paper: Digital Transformation & Economy
Science, technology, and innovation (STI) are recognized as major contributors to economic and social development by leading authorities and developed […]
AmCham Position Paper: Proposals for Cabinet’s 2020-2024 Action Plan
As a result of the 2020 parliamentary election, new Cabinet led by Prime Minister U.Khurelsukh is formed in July, 2020, […]
AmCham Position Paper: Economic Impact of COVID-19 on businesses and ways forward
The global outbreak of COVID-19 and unprecedented precautionary measures around the globe, and in Mongolia, have had a significant impact […]
AmCham Mongolia’s Annual Report 2019
AmCham Mongolia released its Annual Report for 2019, highlighting our achievements and key milestones over the past year. The Annual […]
AmCham Position Paper: The Critical Issues of the Auto Industry and Recommended Solutions
Through it’s Auto and Machinery Committee, AmCham Mongolia has developed a Position Paper titled “The Critical Issues of the Auto […]
AmCham Position Paper: Draft Law on Interest Rates
In April 2019, Amcham’s Financial Services Committee (‘AFSC’) was presented with the draft Law on Setting Maximum Legal Rate of […]
AmCham Doorknock 2019 Report
The American Chamber of Commerce (AmCham) in Mongolia successfully organized its annual U.S. Doorknock to Washington, D.C., from June 23-26, […]
AmCham Position Paper: Update on Tax Amendments
Mongolia has been engaging an extensive tax reform discussion over the past few months. As a consequence, key tax laws […]
AmCham Position Paper: Competent Beef and Dairy Sectors
IFC, a member of the World Bank Group, is joining the UN FAO, Mercy Corps, and AmCham Mongolia in launching […]
AmCham Mongolia Sample Template for Code of Ethics and Business Conduct
The American Chamber of Commerce in Mongolia (AmCham), in partnership with the Asia Foundation (TAF), is working together to promote […]
AmCham Mongolia’s Annual Report 2018
AmCham Mongolia released its Annual Report for 2018, highlighting our achievements and key milestones over the past year. The Annual […]
AmCham Mongolia’s Roadmap for Growth 2019
AmCham Mongolia aims to build, strengthen, and protect business between the United States and Mongolia, and to actively promote Mongolia […]
Promoting Good Business Ethics in Mongolia: A Synthesis of Best Practices and Success Stories
The American Chamber of Commerce in Mongolia (AmCham), in partnership with the Asia Foundation (TAF), is working together to promote […]
AmCham Mongolia’s Position Paper: Draft Laws on the Currency Regulations
This paper was prepared by AmCham Mongolia’s Financial Services Committee (AFSC), under the responsibility of its Chairman, AmCham Board Member Erik […]
AmCham Mongolia’s Position Paper: Export Potential of Mongolia’s Agriculture Sector
Through its Agriculture Committee, AmCham Mongolia is developing the position paper “Export Potential of Mongolia’s Agriculture Sector”. The paper presents […]
AmCham Mongolia’s Position Paper on Supporting a Competitive Mining Sector in Mongolia
Through its Mining and Heavy Industry Committee, The American Chamber of Commerce in Mongolia (AmCham Mongolia) has developed a policy […]
AmCham Mongolia co-authors Position Paper on Developing an Environmentally Friendly Auto and Machinery Industry
Through its Auto and Machinery Committee, AmCham Mongolia and the Mongolian Automobile Distributors’ Association (MADA) has developed a policy paper […]
The Fifth Annual U.S. Trade Mission 2018 Report
The American Chamber of Commerce (AmCham) in Mongolia successfully organized its fifth annual U.S. Trade Mission to Washington, D.C., from […]
AmCham Mongolia’s Position Paper on Maintaining Access to USD Clearing
Through its Financial Services Committee, AmCham Mongolia has developed a policy paper on Maintaining access to USD clearing. The policy […]
APCAC releases 2018 Policy Report and Policy Checklist
As a member of the Asia Pacific Council of American Chambers of Commerce, we are presenting the 2018 APCAC Policy […]
AmCham Mongolia’s Position Paper on Aligning Corporate Transparency with International Standards & Practices
Through its Financial Services Committee, AmCham Mongolia has developed this policy paper on Corporate Transparency and Financial Reporting. The main […]
AmCham Mongolia’s Roadmap for Growth 2018
AmCham Mongolia aims to build, strengthen, and protect business between the United States and Mongolia, and to actively promote Mongolia […]
AmCham Mongolia’s Annual Reports (2014-2017)
The American Chamber of Commerce (AmCham) in Mongolia is an independent membership-driven organization that seeks to build, strengthen, and protect […]
AmCham Mongolia’s Position Paper on Asset Classification and Provisioning
AmCham’s Financial Services Committee seeks to initiate the policy process for alignment of regulatory and financial reporting, asset classification and provisioning through […]
The Fourth Annual U.S. Trade Mission 2017 Report
The American Chamber of Commerce (AmCham) in Mongolia successfully organized its fourth annual U.S. Trade Mission to Washington, D.C., from […]
A Brief Guide to Mongolia’s Presidential Election
This guide provides an overview of the presidential election process in Mongolia, the mandate of the president, a summary of […]
AmCham Mongolia’s Brief Guide on the U.S.-Mongolia Commercial Relationship
This Guide provides some background on the U.S.-Mongolia commercial relationship, emerging policy issues, and basic information about how to do […]
AmCham Mongolia’s Roadmap for Growth 2017
AmCham Mongolia seeks to build, strengthen, and protect business between the United States and Mongolia and to actively promote Mongolia […]
AmCham Mongolia’s Position Paper to Promote a Publicly Safe and Environmentally Friendly Auto and Machinery Industry in Mongolia
The American Chamber of Commerce in Mongolia has identified a few priority policy issues relevant to the auto and machinery […]
Addressing the Misuse of Exit Bans in Mongolia: Lessons Learnt and Ways Forward
The recent boom and bust cycle of the mining industry led to a record increase of FDI and an influx […]
AmCham Mongolia’s Position Paper on Renewable Energy Sector
The American Chamber of Commerce (AmCham) in Mongolia recognizes that the minerals resources sector is the backbone of Mongolia’s economy and […]
AmCham Mongolia’s Position Paper on Agriculture Sector Development
AmCham Mongolia supports the Government’s vigorous efforts towards economic diversification. Improving the competitiveness of the agricultural sector, a pillar of Mongolia’s economy, […]
The American Chamber of Commerce in Mongolia Recommendations from the Intellectual Property Rights Committee
Throughout 2015 AmCham Mongolia convened a series of Intellectual Property Rights (IPR) Committee meetings and organized a Public Private Dialogues […]
AmCham Mongolia’s Roadmap for Growth 2016
AmCham Mongolia’s 2016 action plan is to encourage Mongolia’s development through private sector led economic growth, advocating for a level playing […]
PPD Draft Arbitration Law – Final draft
LAW OF MONGOLIA
[Date] Ulaanbaatar
ARBITRATION
CHAPTER ONE
GENERAL PROVISIONS
Article 1. Purposes of Law
1.1 The purposes of this Law are:
1.1.1 to regulate the resolution of disputes by means of international and domestic arbitration in Mongolia;
1.1.2 to encourage the use of arbitration as an agreed method for fair resolution of disputes by an impartial and independent tribunal without unnecessary delay or expense;
1.1.3 to ensure that the parties are free to agree how their disputes are resolved, subject only to such safeguards as are necessary in the public interest;
1.1.4 to limit the scope for intervention by the courts in arbitration, except as so provided in this Law;
1.1.5 to promote consistency between the international and domestic arbitral regimes in Mongolia, except as so provided in this Law;
2014 Roadmap for Growth
To secure Mongolia’s sustainable economic growth and reignite American investors’ confidence in Mongolia, AmCham Mongolia focuses on three issues:
I. Promoting a Fair and Stable Business Environment
Constant change in government policy erodes investors’ confidence. Investors want stability and clarity on policies and regulation. Specifically, the government needs to demonstrate its willingness to uphold the sanctity of contracts and rule of law. When trust is regained, risk is reduced and investors will be more willing to invest in Mongolia. Specific policies to promote a fair and stable business environment are:
1. Ensure consistent application of the new Investment Law. The effective implementation of this Law is subject to further regulations to be issued by the Government. Investors’ confidence depends on consistent application of the Investment Law and a stable operating environment.
Eight Simple Steps to Make Business Set-up Easier
As part of its mission, the American Chamber of Commerce in Mongolia is keen to support constructive suggestions for the improvement of the business environment in Mongolia. We recognize that the Government of Mongolia is facing many important and grave matters for the prosperity of all Mongolians. There are many complex national matters that will require sustained efforts and sophisticated solutions.
Protection of Intellectual Property Rights in Mongolia
Trade between the U.S. and Mongolia is steadily growing since the establishment of diplomatic relations between the two countries. Bilateral trade has soared from almost nonexistent in early 1990 to over $665 million in 2012. Due to the economic growth prospects of Mongolia in the coming years, it is estimated that the bilateral trade relations between the U.S. and Mongolia will significantly increase. However, one of the obstacles to this growth potential has become the fairness of Mongolia’s policies and practices regarding protection for intellectual property rights (IPR), which disincentivizes U.S. companies already or wishing to do business with Mongolia.
Best Practices in International Arbitration
This circular is issued in the interim between the autumn and spring session of the State Great Khural. Such interim periods typically experience an increase in discussions about proposed new legislation and the amendment of existing laws in anticipation of the reconvening of the legislative authority. Certainly, the discussion about best global arbitration practices will provide the back-drop for an amendment of the Arbitration Law of Mongolia.