BILL ON TRADE SUBMITTED TO PARLIAMENT

Ulaanbaatar /MONTSAME/ On Tuesday, some MPs submitted to the Speaker a draft law on trade. Su.Batbold, D.Demberel, Ya.Sodbaatar and J.Enkhbayar say that a lack of information about the commercial sector and its statistics causes problems in determining the trade sector’s policy and making slower a decision making process. The country needs to specify and consolidate the registration and information on trades, to create a general data and to use them in research, state policy and decisions. The draft with 29 clauses in nine articles aims to create a legal environment for regulating the relations related to the domestic and external trade taking into account the above requirements and the government action programme, the MPs say.