The "Regional Development Concept" was approved by Parliament Resolution No.57 in 2001. The concept defines the general policy on rural and urban development for the next 15-20 years. According to the concept Mongolia is to be subdivided into following four economic regions.
- 1. Western region: Bayan-Ulgii, Gobi-Altai, Zavkhan, Uvs and Khovd aimags
- 2. Khangai region: Arkhangai, Bayankhongor, Bulgan, Orkhon, Uvurkhangai and Khuvsgul aimags
- 3. Central region: Gobisumber, Darkhan-Uul, Dornogobi, Dundgobi, Umnugobi, Selenge and Tuv aimags
- 4. Eastern region: Dornod, Sukhbaatar, and Khentii aimags
The main objective of the concept is to accelerate economic development of the regions and reduce urban/ rural development disparities based on comparative advantages, improvement of infrastructure, extension of market relations and sound principles of government and private sector partnership. Currently preparation of approval of legal and policy documents related to implementation of the regional development concept is underway.
The principles of the concept, the Regional Development Support Law and related amendments to the Administrative and Territorial Units Laws were worked out. Following a decision to establish Free Trade Economic Zones (FTEZ) in Mongolia the legal documents for the Altanbulag (Northernern border region). Zamyn-Uud (Southern border region), Tsagaannuur (North-Western border region) FTEZs are being processed. In addition, the possibilities of establishing FTEZ in other regions are under investigation.
The principles of the concept, the Regional Development Support Law and related amendments to the Administrative and Territorial Units Laws were worked out. Following a decision to establish Free Trade Economic Zones (FTEZ) in Mongolia the legal documents for the Altanbulag (Northernern border region). Zamyn-Uud (Southern border region), Tsagaannuur (North-Western border region) FTEZs are being processed. In addition, the possibilities of establishing FTEZ in other regions are under investigation.
