The first free trade zone legislation was adopted on the Mongolian border in 1996 and subsequently revised. Unfortunately, the development of the appropriate infrastructure has repeatedly stalled. In 2015, the Law on Free Trade Zones was revised to allow and promote cooperation between private and public companies. As of now, Mongolian has three free trade areas.
The three Free Trade Zones are in Altanbulag, Zamiin Uud, and Tsagaannuur. Altanbulag free trade zone 500 hectares of land located at the Russian border and been operational since 22nd of June, 2014. Zamiin-Uud free trade zone project is 900 hectares of land located by the main Chinese border crossing, and it was launched in October 2010, but not officially complete, yet operational. Tsagaannuur free trade zone is located at the western border with Russia in Bayan-Ulgii province, which covers 708.4 hectares. It is not currently operational yet, though several infrastructural investments have been made in the Tsagaannuur free trade zone.
