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INTERNATIONAL TREATIES WHICH MONGOLIA PARTICIPATE IN 1999

International Treaties Foreign investors enjoy a legal protection guaranteed and regulate by the laws of Mongolia as well as by international treaties to which Mongolia is a signatory. Mongolia has joined the Washington Convention on the Settlement of Investment disputes between the State and nationals of another State (1965, join 1996) and the "Seoul Convention on Investment Insurance"(1985, join 1999). Also, Mongolia is a full member of the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group, since January 1999 and investors will thus be eligible for risk insurance through

MIGA. As of 1998, Mongolia has signed trade agreements with 78 countries around the world and

became a member of the World Trade Organization in 1997. Bilaterial treaties Mongolia has negotiated "Encouraging and Mutual Protection of Investment Agreement" with 19 countries; "Exemption on Double Taxation Agreements" have been negotiated with 26 countries of the world. List of Investment agreement countries: List of Double taxation agreement countries:


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