Number of business regulations being reduced - News.MN

Number of business regulations being reduced

Old News! Published on: 2010.05.14

Number of business regulations being reduced

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Г. Нэргүй
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A program begun last year is expected to help reform the
business environment in a significant way. It is being jointly devised and
implemented by the Ministry of Justice and Internal Affairs, the Mongolian
National Chamber of Commerce and Industry, and the German development
organization, GTZ.

The program aims to install a proper legal environment to
forward economically sustainable development. Right now, a 21-member group is
poring over 400 draft laws to bring the number down to just 81.  Contradiction, inconsistency and duplication
will be eliminated.

A study found 2,175 of 4,316 extant rules and regulations
are not properly registered with the relevant Ministries. It also found that
only 1,211 laws and regulations are generally enforced. The final tally of 81
laws, unambiguously worded, will remove a major hurdle on the path of private
business to develop without the State breathing down its neck at every small
step. A major beneficiary of the exercise will be the Minerals Law.

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