FOREIGN INVESTMENT OPPORTUNITIES OF MONGOLIA

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1 Foreign Investment and Foreign Trade Agency Government of Mongolia FOREIGN INVESTMENT OPPORTUNITIES OF MONGOLIA Dr. Ganzorig Baasankhuu Chairman Foreign Investment and Foreign Trade Agency

2 Content Economic overview and investment opportunities Foreign investment environment, investment policy of Mongolian Government Top priority projects Italy s FDI to Mongolia Shibu lijack

3 Gross Domestic Product /trillion MNT/ (National Statistical Office, 2011) GDP growth in 2010 is 6.1% reaching 8.25 trillion MNT (6.6 billion USD) at current prices. GDP growth was mainly due to 23.4% increase in services and trade, 11.3% increase in processing industry and 6.3% in mining

4 Export and Imports /billion USD/ (National Statistical Office, 2011) Total trade turnover increased by 2.15 billion USD or 53.5%, total export increased by billion or 53.8% and total import increased by 1.14 billion USD or 53.3%.

5 Foreign Direct Investment ( Foreign Investment and Foreign Trade Agency, 2011)

6 Investor s Protection in Mongolia

7 Attractive targets for FDI

8 Tax exemptions and Incentives

9 GSP+ GSP+ Scheme EU GSP+ GSP+ incentive is aimed at encouraging sustainable development and good governance of developing countries. GSP+ GSP+ scheme allows Mongolia to export around 7200 products s duty free to the EU market. For instance: - copper and copper products, iron and iron products, alluminuim, lead and lead products, iron and iron products - meat, meat offal or blood products, prepared or preserved meat - textile, knitted or crocheted articles - wool, cashmere, cashmere products - wool, fine or coarse animal hair etc.

10 Law of Mongolia on Concessions Law on Concessions of Mongolia (PPP) approved on 28 January, puts state and local properties into economic utilization vast business opportunities for investors the list of concession items is approved by the state and local administrative bodies decisions shall be made whether to finance from state fund, to make a guarantee, to organize a tender or to conclude a direct agreement Foreign legal entities or their consortiums may submit an unsolicited proposal to enter into a concession agreement

11 Mining and Mineral Resources Shibu lijack

12 Foreign Direct Investment by Sector ( Foreign Investment and Foreign Trade Agency, 2011)

13 Mining and quarrying /billion MNT/ (National Statistical Office, 2011)

14 No Strategically important largest deposits of Mongolia Name of Strategically Important Deposit Location (Province, County) Reserve Amount 1 Tavan Tolgoi Umnugobi, Tsogtsetsii 4.3 bln tons, coal 2 Nariin Suhait Umnugobi, Gurvantes mln tons, coal 3 Baganuur, Baganuur mln tons, coal 4 Shivee Ovoo Gobisumber, Shiveegobi 564 mln tons, coal 5 Mardai Dornod, Bayandun 1104 tons, uranium 6 Dornod Dornod, Dashbalbar tons, uranium 7 Gurvanbileg Dornod, Bayandun tons, uranium 8 Tumurtei Selenge, Huder mln tons, iron ore 9 Oyu Tolgoi Umnugobi, Khanbogd mln tons, copper; tons, gold 10 Tsagaan Suvarga Dornogobi, Mandakh 1.28 mln tons, copper; 43.6 thousand tons molybdenum 11 Erdenet Orkhon, Erdenet 3.2 mln tons, copper; 90 thousand tons, molybdenum 12 Burenkhaan Khuvsgul, Alag-Erdene 40.5 mln tons of phosphorit 13 Boroo Selenge, Bayangol 22 tons of gold 14 Tumurtein Ovoo Sukhbaatar, Sukhbaatar 820 thousand tons of zinc 15 Asgat Bayan-Ulgii, Nogoonnuur 2247 tons of silver

15 Mongolia is 33rd oil and energy exporting country in the world. Shibu lijack

16 Top priority projects Total amount 1.1 billion USD

17 Italy s FDI to Mongolia FDI from 106 countries have been registered. Italy is on the 24 th place Since 1990 totally: 47 companies from Italy Total investment 15.5 million USD

18 Italy s Trade with Mongolia As of August 2011: Export of Mongolia to Italy 30.5 million USD /Main exports of goods: leather of bovine or equine animals,goat or kid skin leather, wool and fine or coarse animal hair, combed/ Mongolia s import from Italy 23.0 million USD /Main imports of good: spare parts for vehicles, machinery and transport equipment, laboratory equipment, medicine, granulated sugar, rice, vegetable oil, beer, wine, alcohol drinks, cigarette, food commodities /

19 Investment opportunities: Energy and Mineral Resources Light industry Food Road, Urban development Agriculture Trade & service Tourism ICT and Human Development

20 THANK YOU FOR YOUR KIND ATTENTION Address: FIFTA, Sambuu Str.11, Government Bld.11, Ulaanbaatar , Mongolia Website: Shibu lijack