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 economies. The greatest growth in Asian economies has been experienced by those countries aligning STI with their social and economic priorities over the long term and integrating them into overall policy decision-making. Regrettably, Mongolia has not followed this practice and, as a result, its economic growth has lagged behind leaders in the region. In line with the constantly changing business environment due to the rapid development of information and communications technology (ICT) and COVID-19, AmCham Mongolia established its ICT and Digital Economy Committee in June 2020. The AmCham ICT and Digital Economy Committee will advance the development of information and communications technology (ICT) infrastructure and services in Mongolia, and will promote cooperation, information sharing, and the development of effective ICT policies and regulations. It also aims to enhance social and economic development through
the effective use of ICT, as well as to promote a secure and trusted ICT environment for businesses at various levels. The Committee will work to bring together leaders of member companies in telecommunications and information technology, along with other sector leaders, to exchange and nurture a better business and investment environment in Mongolia.
The new Parliament and Cabinet are planning to digitalize public services by establishing the Digital Policy and Innovation Standing Committee and implementing the nationwide Digital Mongolia program. There are lots of opportunities for AmCham Mongolia and its newly established ICT and Digital Economy Committee to lead these government initiatives by sharing their experience and know-how.