US-Mongolia Transparency Agreement will go into effect this month

Oyundelger 2017-03-07 06:03

Economy

The agreement which is to become effective on March 20 applies to matters relating to international trade and investment.

US-Mongolia Transparency Agreement will go into effect this month. The agreement which is to become effective on March 20 applies to matters relating to international trade and investment and includes joint commitments to provide opportunities for public comment on proposed laws and regulations and topublish final laws and regulations. The U.S.-Mongolia transparency agreement will help to improve and deepen the U.S.-Mongolia trade relationship to the benefit of both of our economies and our workers and businesses. The United States and Mongolia signed their transparency agreement on September 24, 2013. The transparency agreement with Mongolia represents the first time that the United States has concluded a stand-alone agreement addressing transparency in matters related to international trade and investment.  Previously, the United States had only negotiated transparency commitments as part of broader agreements. Negotiating a stand-alone agreement with Mongolia offered an opportunity to build concretely on cooperation between the United States and Mongolia under their TIFA.