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2.38. In line with Section 2.1.7 of the Mongolia Sustainable Development Vision 2030, which was adopted in 2016, the Government plans to create a favourable business environment through improving services, developing transportation and logistics networks (...) All of these aim to improve the business climate and attract investors.

Table 2.5 Foreign investment restrictions, 2020
Restriction: Entity authorized to conduct an Environmental Impact Assessment
Source: Article 8 of the Law on Environmental Impact Assessment

3.32. Since the last Review, the simple average applied tariff rate increased slightly from 5.0% to 5.3% (...). The reason for this increase was (...) the increase in "prohibited" tariff lines, from 3 to 111. (...)The large increase during the period from 3 to 111 is mainly due to adding tariff lines of goods prohibited by international conventions, e.g. Montreal Protocol on Substances that Deplete the Ozone Layer, Stockholm Convention on Persistent Organic Pollutants, and Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal.

3.35. Mongolia has many tariff exemptions, either outlined in its main tariff law or in specific duty exemption laws or resolutions. The main list of goods exempt from customs duties has been expanded since the last Review, with five new categories added during 2014-17: (...) renewable energy research and production equipment, (...)

Box 3.1 Goods exempt from customs duties
Renewable energy research and production equipment, its accessories and spare parts [a]

[a] The list of goods covered shall be approved by the Government. One hundred products are listed by HS code; these products are also exempt from VAT (...)

Table 3.6 Customs tax exemptions enacted during 2013-20
Date: 12 January 2018
Products: Air purifiers and energy-efficient heaters
Reference: (...)

Table 3.9 Duty exemptions for equipment and spare parts of certain SME sectors, 2017 18
Sector: Energy-saving and heat-production
HS codes: 3917.21.00, 7310.29.00, 7322.19.00, 8418.61.00, 8419.89.00, 8421.39.00, 8481.40.00, 8515.19.00, 8516.29.00, 8540.89.00, 9032.10.00, 9032.89.00, 90.30

Table 3.9 Duty exemptions for equipment and spare parts of certain SME sectors, 2017 18
Sector: Water-efficiency
HS codes: 3917.39.00

3.42. (...) Certain other goods and services are exempt from VAT (...) equipment to be used for renewable energy surveying (...)

3.43. In 2015, Mongolia enacted the Value-Added Tax Act, 2015, which came into force on 1 January 2016. (...) Since its introduction, it has been amended six times. The main changes were to: (i) exempt from VAT notary services, renewable energy equipment, (...)