ASEM – how much will it cost?

2016 оны 2 сарын 5

On 4th February, Parliament finished the first discussion of the project to exempt the cars which will be used for the ASEM summit from customs duties, VAT and special tax. Following this the draft bill was transferred to the standing committee for the preparation of the final debate pending approval.

During the first discussion, MP G.Uyanga asked: “How much is being budgeted for ASEM?” According to the explanation by the Minister of Foreign Affairs, MNT 20 billion has been budgeted for ASEM. External financial support for the event of between USD 14-15 million is being provided by China and the European Union.

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