Mongolia seeks to bring back offshore money
Mongolian President Kh.Battulga met Ambassador of the United States to Mongolia Jennifer Zimdahl Galt and requested America’s assistance in bringing back offshore money to Mongolia.
Mongolia seeks to bring back offshore money. Mongolian President Kh.Battulga met Ambassador of the United States to Mongolia Jennifer Zimdahl Galt and requested America’s assistance in bringing back offshore money to Mongolia. Congratulating the President on his election, Ambassador Galt expressed readiness to strengthen bilateral relations as 2017 marks the 30th anniversary of diplomatic relations between the US and Mongolia. Ambassador Galt expressed willingness to help Mongolia fight corruption and expose illegal money in offshore regions. Mongolian President mentioned about the 1992 decision concerning the tax-exempt export of knitted and sewn products to the country, saying that Mongolian companies couldn’t use the opportunity that time. The President inquired about possibilities to restart this business. Ambassador Galkt said the issue regarding export will be studied.
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