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 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.

AmCham Mongolia's Position Paper on the Draft Laws on the Currency Regulations EN AmCham Mongolia's Position Paper on the Draft Laws on the Currency Regulations MN [...]

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 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 [...]

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 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.

AmCham Mongolia Position Paper on Supporting a Competitive Mining Sector in Mongolia EN AmCham Mongolia Position Paper on Supporting a Competitive Mining Sector in Mongolia MN [...]

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 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.

AmCham Mongolia and MADA Position Paper on Developing an Environmentally Friendly Auto and Machinery Industry EN AmCham Mongolia and MADA Position Paper on Developing an Environmentally Friendly Auto and Machinery Industry MN [...]

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 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 [...]

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 Report and Policy Checklist that were shared with the Trump Administration and Congress in July in Washington during the APCAC Doorknock. Both represent a convincing case to making American business stronger in Asia. Established in 1968, APCAC is the association of 28 American Chambers of Commerce in the Asia-Pacific region. APCAC’s collective membership represents over 15,000 businesses, over 50,000 overseas American workers and over 10 million employees. American enterprises provided over $620 billion USD in trade and investment in the APCAC region in 2016. APCAC Policy Report 2018 APCAC Policy Checklist 2018 [...]

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 purpose of the policy paper is to make proposals and provide inputs for an improved reporting of corporate institutions about their performance, strategy, shareholders, sustainability and other issues considered in international standards and best practices, especially for publicly listed companies in Mongolia. The content of this document has been prepared by members of AmCham Mongolia’s Financial Service Committee and primarily authored by Jelena Pesic (PwC) and Evaldas Grendas (EY) under the responsibility of Erik Versavel (ING) Chairman of the Financial Services Committee. All Amcham members were given the opportunity to comment on the final version. 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 Aligning Corporate Transparency with International Standards & Practices   [...]

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 adoption of International Financial Reporting Standard 9 as single standard supported by enhanced transparency through mandatory disclosure of audited financial statements for banks, other financial institutions and corporate entities in Mongolia. AmCham Mongolia's Position Paper on Asset Classification and Provisioning [...]

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 in the number of international executives establishing businesses in Mongolia. However, policy missteps of the government combined with the decline of global commodities’ prices led to a significant decline in FDI and withdrawal of investors. AmCham Mongolia Notes on Exit Ban_EN AmCham Mongolia Notes on Exit Ban_MN [...]