Mongolia proposes Trade Law to limit state market role
On August 24, 2026, the Ministry of Economy and Development, in collaboration with the Mongolian National Chamber of Commerce and Industry (MNCCI), held a public discussion on a draft Trade Law aimed at overhauling the country's fragmented trade regulations. The proposed legislation seeks to consolidate approximately 57 laws and over 100 articles currently governing Mongolia's trade relations.
Objectives of the Draft Trade Law
- Policy Continuity: Establish a cohesive legal framework to enhance policy consistency.
- Institutional Coordination: Improve coordination among governmental bodies involved in trade.
- Economic Competitiveness: Strengthen the national economy by creating a more predictable and efficient trade environment.
Rationale for the Reform
Officials highlighted that the existing patchwork of regulations has weakened policy continuity and institutional coordination, thereby undermining Mongolia's economic competitiveness. According to the World Bank's 2023 Logistics Performance Index, Mongolia ranks 97th out of 139 countries, with overall trade facilitation implementation at just 58%, underscoring the urgent need for comprehensive reform.
Stakeholder Engagement
The discussion attracted representatives from various sectors, including mining, health, food, agriculture, and road transport, reflecting a broad interest in the proposed changes and their potential impact on diverse industries.
For more details, refer to the Euro Facilitation article.
