STRENGTHENING PUBLIC-PRIVATE PARTNERSHIP: MNCCI HOSTS OPEN DAYS ON TRADE, INVESTMENT, AND ESG
The Mongolian National Chamber of Commerce and Industry (MNCCI), in collaboration with the Ministry of Economy and Development of Mongolia, successfully concluded its three-day “Open Days” event aimed at supporting businesses and strengthening public–private sector partnerships.
Held at the Investor Protection Center, the event brought together entrepreneurs, experts, and policymakers to discuss opportunities in foreign trade, investment, and ESG practices. The initiative was designed to help Mongolian businesses expand into international markets, better understand the investment legal framework, and adopt modern business standards.
Expanding Export and Trade Opportunities
The first day focused on export development and foreign trade opportunities. Participants explored new market access possibilities arising from the trade cooperation between Mongolia and the Eurasian Economic Union.
Experts also introduced practical tools for businesses to expand their exports to Europe, including the Registered Exporter System and the Generalised Scheme of Preferences Plus. These mechanisms allow eligible exporters to benefit from preferential tariffs or duty-free access to certain markets.
Additional sessions highlighted key requirements for international trade, such as product classification codes, certificates of origin, and force majeure documentation, as well as the importance of independent expert verification services in minimizing risks in export and import operations.
Protecting Investor Rights and Strengthening Trade Contracts
On the second day, discussions centered on protecting investor rights and improving legal frameworks for international trade agreements.
Representatives from Mongolia's Ministry of Economy and Development presented updates on Mongolia’s investment policies. Meanwhile, experts from the Mongolian International Arbitration Center shared practical guidance on common mistakes companies make when signing foreign trade contracts and how to avoid potential legal disputes.
Special attention was given to the advantages of resolving investment disputes through arbitration, as well as international mechanisms for recognizing and enforcing arbitration decisions. These insights helped business owners better understand how to protect their rights through legitimate legal channels.
Responsible Business and ESG in Focus
The final day addressed Responsible Business and ESG (Environmental, Social, and Governance) standards, highlighting their growing importance in today’s global business environment.
Speakers emphasized that ESG performance is increasingly becoming a key benchmark for attracting international financing and investment. Leading Mongolian companies, including Invescore NBFI, Khanbogd Cashmere, and Teso Group, shared their experiences implementing ESG strategies and demonstrated how responsible practices can increase corporate value, operational efficiency, and investor confidence.
A Practical Platform for Business Support
Beyond discussions and presentations, the “Open Days” event also served as a practical platform where entrepreneurs could directly access services provided by the Chamber. Participants received consultations, practical guidance, and networking opportunities designed to support their growth in both domestic and international markets.
Overall, the three-day program proved to be a valuable initiative for Mongolia’s business community, equipping entrepreneurs with the knowledge, tools, and connections needed to compete globally and adopt sustainable business practices.
