New Economic Forum held

Ulaanbaatar/MONTSAME/. The Mongolian National Chamber of Commerce and Industry (MNCCI), the Business Council of Mongolia, the AmCham Mongolia, the Australia Chamber of Commerce in Mongolia, the German-Mongolian Business Association (DMUV) and the French Mongolian Chamber of Commerce co-organized ‘New Economic Forum’ on May 13 at the Blue Sky Tower, Ulaanbaatar for the first time. The forum discussed pressing issues in the economic development of Mongolia and sought ways to tackle them with help of national producers, international organizations and wealth-makers. In his opening remarks, O.Amartuvshin, Chairman of the MNCCI, said “We are here to discuss whether we are prepared for the process to come up in the future. Political influence, statements and action by political parties significantly affect changing things around us. The external economic climate is still pleasant, but the problems are merely caused byourselves, and we have to find them from ourselves. A World Bank Group research stresses that the voice of private sector and businesspeople addressing the government is too weak as they do not unite themselves and work together for tackling issues. Therefore, the private sector must be united when it delivers the voice about their problems to the government." "The MNCCI should be a platform where enterprises and companies unite. Today, less than ten percent of over 40 thousand registered companies in Mongolia are uniting under the MNCCI. Thus, we must increase the number of MNCCI members to be influential. In order to so, the MNCCI must be dynamic and consider issues together. Meanwhile, bills on labor, on tax and on license are under discussion, and we have submitted our proposals to these bills. This is just beginning. Furthermore, we have to focus the greatest attention on keeping the private sector’s stability, ensuring the stable economic growth and building up fundamentals of the market. Regarding these matters we have to carry out thorough research,” he said. With attendance of national investors, economists, CEOs of the largest taxpayer enterprises and leaders, the forum held four basic discussions themed ‘Will Mongolia come into an industrial era?’, ‘Is Mongolia prepared for the next crisis?’, ‘The Private Sector’s Role’, and ‘Are Mongolians prepared for development?’.