The ITU “Asia-Pacific Regional Development Forum-2016 (ITU RDF2016) with the theme “ICTs for Smart Sustainable Asia-Pacific” and “Innovative Strategies for Development Summit” (ISDS) was held successfully from June 06-10, 2016 in Manila, Philippines. Representative from Mongolia, Chief-Secretary of the Communications Regulatory Commission Dr.Naranmandakh (Ph.D.) introduced presentation under the “Session-7: Policy and Regulation” titled on Policy and Regulatory Frameworks by sharing the experience in ICT sector development, regulations of Mongolia and bilateral cooperation with regional countries. He mentioned that policy and regulatory initiatives undertaken in Mongolia linking them to the objectives and outcomes related to the ITU Asia-Pacific Regional Initiative on Policy and Regulation as adopted by WTDC 2014, as well noted the need for regulators to consider moving towards Regulation 4.0: on collaborative regulation with relevant sectors such as digital financial transactions with financial regulators, and informed achievements cooperation projects of Russia-Mongolia- China. The Forum noted with appreciation the following: significant number of Actions and Projects implemented under the different Dubai Action Plan Objectives and Asia-Pacific Regional Initiatives, and high number of countries directly involved and assisted and the partners that generously supported ITU in the implementation of said actions and projects. During the forum, Dr.Naranmandakh conducted discussions with representatives such as Director of Telecommunication Development Bureau (ITU-BDT) Mr. Brahima Sanou, Regional Director ITU Regional Office for Asia and the Pacific (ITU-ASP) Mr. Ioane Koroivuki, Head of ITU Area Office for South East Asia Ms. Aurora A Rubio, Chief of the ICT and Development Section of the Economic and Social Ccommission for Asia and the Pacific (ESCAP) Mr.Atsuko Okuda, Senior ICT Policy Specialist at The World Bank in Singapore Ms. Natasha Beschorner, the Asian Development Bank, Asia-Pacific Network Information Centre (APNIC) and delegations from The Republic of Korea, Japan, Philippines, India, East Timor and exchanged views on future prospects for further cooperation.