Mongolia and Germany discuss trade and economic cooperation
AKIPRESS.COM – Deputy Prime Minister of Mongolia Nomtoibayar Nyamtaishir received Ambassador of Germany to Mongolia Thomas Graf on September 28, Montsame reported.
The two sides exchanged views on expanding Mongolian-German relations and cooperation at the strategic partnership level, particularly in trade and economic sectors.
Deputy Prime Minister Nomtoibayar presented legal reforms being implemented by the government aimed at addressing challenges faced by foreign investors and businesses, improving the investment environment and reducing state intervention in the economy.
He further emphasized that drafting the Law on Special Economic Zones and securing its approval during the autumn session of the Parliament will establish a legal framework to boost foreign direct investment, support businesses and protect investors’ rights.
Ambassador Thomas Graf noted that bilateral relations have actively developed across political, social, cultural, scientific and educational fields, expressing Germany’s keen interest in expanding trade and economic cooperation. He voiced appreciation for the ongoing efforts to address issues encountered by German investors and businesses, highlighting his commitment to attracting companies and investors interested in doing business in Mongolia.
