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General principle to be adhered for establishment of investment agreements www.montsame.mn
Ulaanbaatar/MONTSAME/ During its regular meeting on March 6, the Cabinet approved a general model to be proposed by Mongolia for ‘Intergovernmental Agreement on encouragement and mutual protection of investment’. Objectives and principles in the model will be followed when investment agreements and negotiations are made.
The approval of general model will create legal regulation in eliminating contradictions in making investment agreements, attracting balanced investment and protecting national security, social orders and environment.
Mongolia established the ‘Intergovernmental Agreement on encouragement and mutual protection of investment’ with 44 countries, of which 36 are currently in force.
Published Date:2019-03-07
