S.Bayartsogt: OT IA will be agreed in two weeks

Aug 26 • Interview, Mining • 816 Views • 4 Comments on S.Bayartsogt: OT IA will be agreed in two weeks

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The SGK approved the four draft laws during yesterday session. The ideal environment for signing OT IA was built by the Government and SGK. We have asked few questions from S.Bayartsogt, Minister for Finance, regarding the investment agreement.

Q: The Government presented four laws were approved by the SGK. You would not face any difficulties to sign the agreement now?
S.Bayartsogt: Now the investment agreement of OT can be signed according to the law. Before changes were need to be made to make the investment agreement in accordance with the law. We have made the two resolutions for the investors that are in accordance with the law so we will invite the investor side. We will sign the agreement of OT in a very short period of time. Then, we will publish the investment agreement contract through all types of media. It will be publicized in Mongolian. We will even openly report about the last periods of the negotiations of the IA.
Q: When will the agreement be signed? Can you provide an exact date?
S.Bayartsogt: I think that the deal can be done within two weeks.

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4 Responses to S.Bayartsogt: OT IA will be agreed in two weeks

  1. Kris says:

    Can the president veto this?

  2. eric says:

    Yes, I believe there is a 30 day window after signing. But since he his a backer of the current IA, very unlikely.

  3. Barry says:

    My congratulations to all of those involved in these negotiations.
    Members of all Committees involved should get special recognition.
    These Ministers and Committee members have done a great thing for the future of Mongolia, and its people. “B”

  4. Barry says:

    The clock is ticking.

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