Search

4.109. In June 2015, Mongolia established its Industrial Policy with the main purpose of developing industry as a priority sector to ensure the sustainable development of the country. (...)

Box 4.3 Industrial policy objectives
Define industrial development zones and develop the Integrated Industrial Planning and Mapping of Mongolia, in accordance with the ecosystem, population, settlements, raw material resources, and infrastructure policy

Box 4.3 Industrial policy objectives
Support the establishment of industry based on advanced techniques, high-tech technologies, innovation, economically and socially efficient processing, and recycling through investment and financial policies

Table 4.20 Manufacturing programmes, 2013-20
Programme: Packaging national programme
Years in operation: 2017-21
Sector: Packaging
Summary: To create a favourable legal and business environment for sustainable development, and to reduce the use of harmful packaging
Reference: (...)

Table 4.20 Manufacturing programmes, 2013-20
Programme: High-tech industry policy
Years in operation: Not specified
Sector: High-tech industry
Summary: To develop the high-tech industry to a level that ensures the sustainable development of the national economy
Reference: (...)

4.215. Mongolia's unique natural landscapes, culture, and prevalent nomadic lifestyle are strong assets of the tourism sector (...) The sector could be an engine for inclusive economic growth and poverty reduction, if developed in accordance with sustainable development principles and guided by national policy objectives.

4.216. (...) The sector suffers from the lack of unified marketing strategy, which translates into less connectivity with, and visibility in, international markets. The lack of enforcement of sustainability laws has started to threaten the environmental ecosystem. (...) The Government took steps to overcome these obstacles, such as the Nomadic by Nature campaign by the Ministry of Environment and Tourism and the Government's Action Program, 2016-20, to increase the competitiveness of the sector.

4.220. The main regulatory authority of the tourism sector is the Ministry of Environment and Tourism. Alongside the Ministry, the Tourism Council (...) The Council comprises a chairperson; one member proposed separately by the state central administrative departments in charge of finance, the budget, the infrastructure, and the environmental matters (...)

4.221. The Ministry of Environment and Tourism (MET) is drafting a new law relating to tourism, providing for a fund to help: (...) (iii) eliminate possible negative tourism impacts on the environment; (iv) restore cultural properties; and (v) protect and cultivate historical, cultural, and natural heritage (...).

4.225. One such Policy instrument is the Green Loan initiative, which was developed in 2019 in association with commercial banks to help the accommodation industry achieve environmentally friendly solutions for heating and for used-water disposal, and to increase the accommodation capacity. The annual interest of a Green Loan is 8%, after state subsidies. In 2020, the Ministry allocated MNT 500 million for Green Loan subsidies.

[4.228. To tackle the impact of the COVID-19 pandemic, the Government implemented three measures (....) 4.230. Third, the MET is working on a scheme to expand and lower the interest rate of the Green Loan initiative (...)]