Policy & Advocacy

Through it's Auto and Machinery Committee, AmCham Mongolia has developed a Position Paper titled "The Critical Issues of the Auto Industry and Recommended Solutions". The Position Paper outlines key challenges in promoting an environmentally friendly auto sector in Mongolia, and proposes certain policy recommendations based on local initiatives and international best practices in handling these issues. The challenges and recommendations were developed with input from key stakeholders, raised and discussed during the Eco-friendly Auto Industry Policy workshop held on November 14, 2019. The workshop was organized by AmCham Mongolia and the Mongolian Automobile Distributors' Association (MADA), in cooperation with the Ministry of Road and Transport Development of Mongolia and the Ministry of Nature and Environment of Mongolia. AmCham Mongolia, namely it's Auto and Machinery Committee, stands ready to discuss the challenges and suggested solutions with the state's authorities to make sure that necessary actions are taken to minimize risks and avoid potential negative impact on the industry and the environment, and to improve progress toward developing an eco-friendly auto industry in Mongolia. Please see the following Position Paper for your reference. AmCham Position Paper: The Critical Issues of the Auto Industry and Recommended Solutions [...]

In April 2019, Amcham's Financial Services Committee ('AFSC') was presented with the draft Law on Setting Maximum Legal Rate of Loan Interest and Combatting Usury ('Draft Law') - (translated into English from the original Mongolian version). Based on the information disclosed, we are now formulating our position about the draft regulation ('Policy Document'). Please see the following Position Paper for your reference. Position Paper on Draft Law on Interest Rates [...]

The American Chamber of Commerce (AmCham) in Mongolia successfully organized its annual U.S. Doorknock to Washington, D.C., from June 23-26, 2019. AmCham has been hosting its U.S. Trade Mission (Doorknock) annually since 2014 to strengthen the commercial relationship between Mongolia and the United States. AmCham Mongolia's Annual Doorknock is aimed to allow business leaders from its members and the general business community in Mongolia to engage with a range of high-level policymakers in Washington, D.C., as well as American businesses, and to present Mongolia as a destination for American investments, to provide a more accurate perspective on the business environment in Mongolia, to engage in discussions of broader-scale cooperation. AmCham Mongolia's delegation included 10 executive representatives from leading American, international, and Mongolian companies, including Woodmont International, DB&GTS Advocates, General Electric, Gobi, Rio Tinto, Seruun Group, South Gobi Sands, Ta Chi Mart, and Trade and Development Bank. For more information please see below AmCham Doorknock 2019 Report. AmCham Doorknock 2019 Report  [...]

Mongolia has been engaging an extensive tax reform discussion over the past few months. As a consequence, key tax laws including General Law on Taxation, Corporate Income Tax Law, Personal Income Tax Law, and VAT Law have been substantially revised by Mongolian Parliament, under Government’s tax reform packages.

The new tax laws require the Cabinet, Ministry of Finance and Mongolian Tax Authority to release a number of implementing guidelines in the coming months. As these regulations largely play an important role to set the tone of the taxing rules, we encourage you to monitor these developments in a timely manner.

The new tax rules shall take effect on 1 January 2020.

A number of important changes that may have a big impact on taxpayers, requires taking appropriate actions to comply with the new requirements.

This Position Paper highlights key changes in this alert. If you have any questions in regards to tax reforms summarized in this Position Paper, feel free to contact any of the persons at AmCham Mongolia.

IFC, a member of the World Bank Group, is joining the UN FAO, Mercy Corps, and AmCham Mongolia in launching an initiative to promote modern livestock technologies in Mongolia, thereby boosting the sector's productivity and competitiveness. The initiative created a first-of-its-kind platform to bring together beef and dairy business leaders, industry experts, and policymakers, who shared their expertise to bolster the country's livestock sector. Livestock has long been a priority sector for Mongolia, because of its contributions to inclusive economic growth and export diversification. The adoption of modern technologies will allow herders and farmers to reach much higher yields. Artificial insemination, for example, allows local dairy farms to supply high-quality milk all year round, ensuring constant cash flow through longer contracts with processors. Cattle farms have also used such technology for improving the quality of breed stock, increasing meat output by three times. This policy paper outlines key challenges in the beef and dairy sectors in Mongolia and proposes certain policy recommendations based on local and international best practices in handling these issues. The challenges and recommendations were developed with input from key stakeholders, raised and discussed during the Pioneers in Beef and Dairy Development in Mongolia forum, held on March 21, 2019. AmCham Position Paper on Competent Beef and Dairy Sectors ENG AmCham Position Paper on Competent Beef and Dairy Sectors MON [...]

The American Chamber of Commerce in Mongolia (AmCham), in partnership with the Asia Foundation (TAF), is working together to promote good business ethics in Mongolia through a focus on promoting best practices and positive stories, which will contribute effectively to creating an anti-corruption culture and behavior in society, and especially among the private sector community. Any part of the report may be freely reproduced with the appropriate acknowledgement. AmCham Mongolia Sample Template for Code of Ethics and Business Conduct ENG AmCham Mongolia Sample Template for Code of Ethics and Business Conduct MON   [...]

The American Chamber of Commerce in Mongolia (AmCham), in partnership with the Asia Foundation (TAF), is working together to promote good business ethics in Mongolia through a focus on promoting best practices and positive stories, which will contribute effectively to creating an anti-corruption culture and behavior in society, and especially among the private sector community. Any part of the report may be freely reproduced with the appropriate acknowledgement. Promoting Good Business Ethics in Mongolia: A synthesis of best practices and success stories EN Promoting Good Business Ethics in Mongolia: A synthesis of best practices and success stories MN   [...]

This paper was prepared by AmCham Mongolia’s Financial Services Committee (AFSC), under the responsibility of its Chairman, AmCham Board Member Erik Versavel. AFSC operates under the supervision of the AmCham Board of Directors. All rights to this publication remain with AmCham Mongolia.

Any part of the report may be freely reproduced with the appropriate acknowledgement.

Through its Agriculture Committee, AmCham Mongolia is developing the position paper “Export Potential of Mongolia’s Agriculture Sector”. The paper presents an overview of the sector and its export potential by showcasing stories and identified opportunities. It will also suggest ways forward to unlock potential and provides some models for scaling up potential. The paper was prepared by the AmCham Committee and valuable inputs from all members under the leadership of the Chairman of AmCham Mongolia’s Agriculture Committee Mr. Michael Morrow. The Agriculture Committee operates under the authority of the AmCham Board of Directors. All rights to this publication remain with AmCham Mongolia. Any part of the report may be freely reproduced with the appropriate acknowledgment. AmCham Mongolia Position Paper on Export Potential of Mongolia's Agriculture Sector EN AmCham Mongolia Position Paper on Export Potential of Mongolia's Agriculture Sector MN [...]

Through its Mining and Heavy Industry Committee, The American Chamber of Commerce in Mongolia (AmCham Mongolia) has developed a policy paper titled "Support a Competitive Mining Sector in Mongolia" to present and discuss major policy issues to support the development of a competitive mining industry in Mongolia. The Position Paper outlines key challenges in the mining industry and proposes some policy recommendations based on international best practices in handling these issues.

AmCham Mongolia stands ready to discuss the challenges and suggested solutions with the state's authorities to make sure that necessary policy actions are taken to promote development of the competitive mining sector in Mongolia.

The paper was prepared by the AmCham Committee and valuable inputs from all members under the leadership of the Chairman of AmCham Mongolia’s Mining and Heavy Industry Committee Mr. Ch.Munkhbat. The Mining and Heavy Industry Committee operates under the authority of the AmCham Board of Directors.

All rights to this publication remain with AmCham Mongolia. Any part of the report may be freely reproduced with the appropriate acknowledgement.

Through its Auto and Machinery Committee, AmCham Mongolia and the Mongolian Automobile Distributors’ Association (MADA) has developed a policy paper titled "Developing an Environmentally Friendly Auto and Machinery Industry". The policy paper outlines key challenges in promoting an environmentally friendly auto sector in Mongolia and proposes certain policy recommendations based on local initiatives and international best practices in handling these issues. The challenges and recommendations were developed with input from key stakeholders, raised and discussed during an Eco-friendly Auto Industry policy workshop held on May 11, 2018. The workshop was organized by AmCham Mongolia and MADA, in cooperation with the Ministry of Road and Transport Development of Mongolia and the Ministry of Nature and Environment of Mongolia.

The paper was prepared by the executive teams of AmCham Mongolia and MADA, under the leadership of the  Chairman of AmCham Mongolia’s Auto and Machinery Committee Garrett Wilson. The Auto and Machinery Committee operates under the authority of the AmCham Board.

All rights to this publication remain with AmCham Mongolia and MADA. Any part of the report may be freely reproduced with the appropriate acknowledgement.

Through its Financial Services Committee, AmCham Mongolia has developed a policy paper on Maintaining access to USD clearing. The policy paper outlines key challenges in regards to maintaining access to USD clearance, and suggests solutions to the government and regulators to address these issues in order to maintain, or even increase, access to USD clearing. The paper was prepared by AmCham Mongolia’s Financial Services Committee, under the supervision of its Chairman, AmCham Board Member Erik Versavel (ING), and authored primarily by Torsten Kleine-Buening (XacBank) and Daniel Mahoney (MahoneyLiotta), members of the Financial Services Committee. The Financial Services Committee operates under the supervision of the AmCham Board of Directors. All rights to this publication remain with AmCham Mongolia. Any part of the report may be freely reproduced with the appropriate acknowledgement. AmCham Mongolia's Position Paper on Maintaining Access to USD Clearing [...]