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Economy / Featured News / Mongolia News / Politics / February 23, 2015

Parliament approves EPA between Mongolia and Japan

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During the general session of the Parliament, the draft law to ratify the agreement on economic partnership between Mongolia and Japan was discussed and approved ith a 92.5 percent majority vote.

During his official visit to Japan, Prime Minister Ch.Saikahnbileg concluded discussions on economic partnership between Mongolia and Japan with Japanese Prime Minister Shinzo Abe

Upon ratification of the agreement by Parliament, the agreement will become fully valid.

As explained by the Head of Invest Mongolia Agency, upon establishment of the agreement between the two countries, investment from Japan is expected to increase and reach 400 million USD.

Another important issue discussed during the talks between the prime ministers was visa-free travel to Japan for Mongolian passport holders.


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