GOVERNMENT IS ALOWED TO SIGN MONGOLIA-RUSSIA INTERGOVERNMENTAL AGREEMENTS

Ulaanbaatar /MONTSAME/ The parliamentary Standing committee on security and foreign policy ran afternoon session on Tuesday and considered draft amendments to two important documents. They were the Mongolia-Russia intergovernmental agreements on activities of the Mongolia-Russia joint Erdenet Mining Corporation and of the Mongolia-Russian joint "MongolRosTsvetmet" venture, presented by the government. The draft offer new arrangements such as changes in a shareholder from Russian side, and regulations on accumulating the dividends from the companies' activities. In specific, the amendments, offered to these agreements--international by their character and made in July 1 of 2003 and in April 25 of 2007--say about withdrawing the rights of accumulation of Russia’s share from a Ministry of state property to the Federal Government or accredited by it representative. The drafts were introduced by the Minister of Industry and Agriculture Sh.Tuvdendorj MP. The gathered asked him some questions and voted by majority for permitting our government to sign and approve these drafts.