Mongolian parliament closed the irregular session; no draft laws were approved

Despite all expectation of public and analysts, Mongolian parliament did not finalize approval of the draft laws submitted by the GoM. Yesterday or Friday the 27th, the irregular session of the parliament is closed. 

 During this irregular session, draft laws on investment, common minerals, investment fund and creating transparency in gold sales and draft amendment to the regulation to implement the long name law (banning minerals exploration and mining along river and forest basins) submitted by GoM  were discussed. Total 5 drafts laws were submitted by the government for the irregular session of the parliament.

The above draft laws were not able to be approved during this irregular session held from Sept 16-27. This was due to following reasons:

 The draft laws on investment and investment funds were discussed in the standing committee level and about 170 business-like conclusions and feedback of the lawmakers were reflected in the draft and transferred to final discussion for full parliamentary session. However, in terms of time, it was not possible to include all these feedback and suggestions for the final draft law on investment and approve it,

 DP and Justice coalition of MPRP-MNDP parliamentary groups proposed since amendment of the regulation to implement the long name law requires collection of additional information related to the law and feedback, it is better to discuss it during the regular fall session of parliament scheduled to start on Oct 1,

MPP parliamentary group took break from the session considering that draft laws on creating transparency in gold sales and common minerals should be aligned with state policy on minerals sector.

During the session, MPP group proposed that the irregular session should discuss about economic and financial crisis of Mongolia and discuss ways to address this crisis. However,the ruling DP did not consider this proposal. Basically, during the session, the draft laws on investment, investment fund were discussed in detail and other 3 draft laws (common minerals law, amendment to regulation to implement the long name law and draft law on  creating transparency in gold sales) related to the minerals were not discussed as many considered these should be discussed after the state policy on minerals sector. The parties considered that the draft laws on investment and investment fund should be approved during the fall session after careful consideration of the feedback and suggestions of the lawmakers. 

The irregular session paved the way for approval of the 2 investment laws during the fall session. This is the significance of the irregular session, according to the Mongolia analysts.

Source:MonInfo news services


Post a Comment

Facebook page

Powered by Blogger.


Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive