A meeting to establish the Ulaanbaatar Chamber of Commerce & Trade was held at Tuushin Hotel. The charter of the organization was approved at the meeting and its president was selected.  

Representatives of more than 30 businesses and the management of those organizations participated in the meeting, and President of MCS Group J. Od was selected as leader of the organization.  The board of the chamber will consist of 15 business leaders.

By establishing the Ulaanbaatar Chamber of Commerce & Trade, the city's development will be maintained and possibilities to protect the rights of business owners will be created and they will be able to share their voice for the development of policy at the city level.  

Similar trade organizations are carrying out such activities in the world's biggest cities and Mongolia will be able to conduct the same activities through this organization.