Canada-Mongolia investment agreement enters into force
“The opportunities to strengthen our middle class relate directly to creating the right conditions for Canadian businesses to compete internationally, and that is precisely what this agreement is all about.”
- François-Philippe Champagne, Minister of International Trade
The FIPA will provide Canadian investors operating in Mongolia with a legal framework that will help bring greater predictability and certainty with respect to their investments.
Canada and Mongolia signed the FIPA on September 8, 2016.
Mongolia is a country of focus for Canada’s development funding, with seven operational projects worth $40 million over five years (2015 to 2020) promoting sustainable economic growth and democratic development.
Canada supports the improved governance of Mongolia’s natural resources sector, including through capacity building on public-sector management and development and the implementation of policies and regulatory frameworks based on international best practices.
These efforts aim to help Mongolia pursue governance based on principles such as transparency and accountability, environmental sustainability, evidence-based decision making and gender mainstreaming, for the benefit of all Mongolians.
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