Standing Committee discusses free trade zones - News.MN

Standing Committee discusses free trade zones

Old News! Published on: 2011.12.28

Standing Committee discusses free trade zones

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The Standing Committee on Security and Foreign Policy heard First Deputy Prime Minister N.Altankhuyag’s report on establishing free trade zones on Wednesday.

N.Altankhuyag said the Government has decided to establish free trade zones in Zamiin-Uud soum in Dornogobi aimag, Altanbulag in Selenge aimag, Tsagaan Nuur soum in Bayan-Ulgii aimag, and Choir in Dornogobi aimag.

N.Altankhuyag explained that establishment of the free trade zones has been delayed due to inexperience and existing laws that are in conflict with the zones. He also said the state has constructed buildings in the zones, but infrastructure is still lacking. He said road construction will begin next spring.

Sh.Saikhansambuu asked about building a casino in Zamiin-Uud instead of establishing a free trade zone, since China’s productivity would make it hard for that zone to succeed. He suggested that the Government prepare a draft law to establish a casino in Zamiin-Uud. Saikhansambuu also said if Parliament approves a casino, private businesses will help build infrastructure.

N.Altankhuyag did not respond to the suggestion of building a casino in Zamiin-Uud.

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