As a member of the WTO, Mongolia is a party to the TRIPS agreement. Film, television and digital content from the United States enjoys strong copyright protection in Mongolia, while the music and publishing industry constantly signs licensing agreements with organizations using American and Mongolian content. U.S. film content is heavily protected in Mongolia, with un conceded considerations increasingly rare. Mongolian Internet Service Providers (ISPs) will quickly block access to insulting websites formerly listed by the Mongolian Intellectual Property Office (IPOM: IPOM). However, the use of pirated software by Mongolian ministries, consumers in their own countries and by companies is widespread. Patent protection for importers of pharmaceuticals and medical devices is virtually non-existent, as trademark law is generally the sole recourse to rights holders. While law enforcement authorities will seize drugs against the mark, simply leaving trademark infringement still allows the importer to bring the drug, even if it is patented. Medical devices face similar problems. Among the trademark violations are also stores that distribute counterfeit clothing. However, the IPOM did not focus on these areas because the rights holders did not file any complaints. The United States and Mongolia signed their transparency agreement on September 24, 2013. The United States and Mongolia signed their TIFA on 15 July 2004.
TIFA has created a U.S.-Mongolian Trade and Investment Council that takes into account a wide range of issues that include, among other things, intellectual property rights, labour, environmental issues, non-tariff barriers, investment and transparency. Through the Council, the two countries have begun an ongoing dialogue to help remove barriers to trade between the United States and Mongolia. Mongolia and the United States do not have bilateral tax or free trade agreements. For Mongolia`s other agreements, see UNCTAD: Mongolian Trade and Tax Conventions. The United States Development Finance Corporation (OPIC) (USDFC) provides loans, grants and political assurances to U.S. investors operating in most sectors of the Mongolian economy. DFC and Mongolia have entered into an investment incentive agreement that allows CFL-funded projects to receive national treatment. The agreement is available: OPIC/Mongolian Agreement . The U.S. Export-Import Bank (EXIM) offers programs in Mongolia for short-, medium- and long-term public sector operations, as well as short- and medium-term operations in the private sector.