Position Paper on Supporting Innovation and Technology through U.S. made products in Mongolia
Mongolian companies have many choices when it comes to vehicle and equipment purchases. The purchase price is often the most critical decision-making factor. With this position paper and our proposal to reduce taxes and value-added tax (VAT) on the newest technology and equipment available, AmCham Mongolia intends to narrow the price gap to allow greater use of safer, more sustainable, and more efficient vehicles and products in Mongolia, while also developing new knowledge and skill sets for a better future.
This position paper was prepared by the members of AmCham Mongolia’s Trade Committee, under the leadership of Committee Chairman Mark Gabel.