The Authority for Fair Competition and Consumer Protection have signed an agreement  to help regulate Mongolian merchants whose rights have been violated in China.

The Authority for Fair Competition and Consumer Protection, a regulatory agency of the government of Mongolia, largely focuses on observing obstacles during the realization of fair competition law. It learns lessons from practices in foreign countries, updates information and improved the potential of qualified personnel in the sector.

As a part of the actions undertaken by the Authority for Fair Competition and Consumer Protection, the Deputy Head of the Authority, A.Ariunbold, and the Chinese Commerce Vice Minister signed a cooperation agreement between the two organizations in Beijing.

During the meeting the Chinese counterpart promised to consider protecting Mongolian merchants who run business in China if their rights are violated.

The two organizations first started their collaboration in 2008. Since then Chinese representatives have visited Mongolia several times making various efforts to adhere to the duties outlined in the agreement.