Mongolia to revise foreign investment law - Xinhua | English.news.cn: "ULAN BATOR, March 27 (Xinhua) -- The Mongolian government submitted a draft law Wednesday to revise a controversial "strategic investment law" in a bid to ease the path for foreign investment.
The strategic investment law, adopted by the parliament in May, stipulates foreign investment in strategic sectors that exceeds 100 billion Mongolian tugriks (more than 70 million U.S. dollars) needs parliamentary approval.
It defines the strategic sectors as mining, banking and finance, media, information and communications."
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