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Mongolia: change of tack to get foreign investors back
Friday, April 19, 2013 23:53
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Mongolia’s parliament passed an amendment on Friday to its controversial foreign investment law of last year, which should allow over 100 pending investment deals in the country to now progress.
The Strategic Entities Foreign Investment Law (SEFIL) was rushed through parliament in May 2012 as protests grew about the increasing foreign (ie Chinese) control over the country’s vast mineral wealth. But the wide-ranging nature of the law caused foreign investment to fall through the floor.
