POLICY FRAMEWORK FOR INDUSTRIAL SECTOR TO BE DISCUSSED
The Industry Minister D. Erdenebat submitted the Cabinet’s proposal of “State Policy on Industrialization” to the Parliament on February 6, 2015.
The purpose of this policy is to foster the high technology, industry and service with competitiveness. As stated in the introduction of the draft document, the aim is to ensure the industrial sector to be a key to sustainable development of Mongolia.
The Cabinet expects that constant implementation of the State Policy on Industrialization would be an avenue to enhancement of manufacturing industry sector rate in the GDP. It is believed that increase of domestic value added products and services lead sustainability of the domestic demand. The draft “State policy on Industry” can be found in below link.