On the second day of the Investment and Trade Agency Week, Member of Parliament Munkhsoyol Baatarjav emphasized the need to improve the stability and transparency of the investment environment and to accelerate decision-making.

Within the framework of the Investment and Trade Agency Week, key economic and legislative issues to be discussed at the spring session of Parliament, starting next Monday, are being highlighted. In particular, the session is expected to deliberate on matters such as the package of tax laws and the Law on Value-Added Tax, among other issues.

Member of Parliament Munkhsoyol noted that investors typically make decisions by assessing which countries have stable macroeconomic indicators and a favorable, fair investment environment. Therefore, she emphasized that Mongolia needs to intensify its economic policy and reform efforts. She further stated, “The discussion around the Law on Economic Freedom represents one step in this direction. International researchers and investors often stress the need to increase transparency, reduce excessive state involvement in the economy, and ease the pressure and bureaucracy faced by the private sector. Therefore, improving the business environment and refining legal regulations is essential. At the same time, the most important factor in attracting foreign direct investment is a stable and predictable legal environment. The longer decision-making is delayed, the greater the uncertainty becomes, which weakens investor confidence. For this reason, we need to enhance the stability and transparency of the investment environment, as well as the speed of decision-making. On the other hand, when discussing tax policy, the state budget revenue must also be considered, since taxes are the main source of government income. If tax rates are to be reduced, their impact should be determined based on solid calculations and research.

For example, lowering tax rates may reduce the burden per individual, but it could also increase the number of taxpayers and generate greater efficiency for the economy. It is also important to bring groups that previously did not pay taxes into the tax system to ensure fairness.”
 
Meanwhile, Myagmardorj O., Head of the Macroeconomic Policy Department of the Ministry of Economy and Development, explained that agriculture and the mining sector are the main drivers of economic growth, according to preliminary estimates. Export performance has shown noticeable fluctuations throughout the year. In the middle of the year, exports declined somewhat due to a drop in coal prices. However, toward the end of the year, export volumes improved, with coal exports reaching 90 million tons. He added that although coal export revenue tended to decline compared to the previous year, copper and gold exports helped offset the decrease. This was largely due to significant increases in global prices for copper and gold, which supported export revenues.

As of February this year, export revenues have increased by around 50 percent compared to the same period last year. Imports, however, have shown a slight decline compared with the previous year.

The primary factor behind this decrease has been a decline in investment-related goods imports. This suggests that domestic demand and economic activity related to imports may weaken to some extent in 2026.

Additionally, a public discussion on the fiscal framework statement will be held later this month. A presentation outlining Mongolia’s economic outlook and fiscal projections for the next three years will be submitted to the State Great Khural (Parliament) in May 2026.

Published Date:2026-03-12