Trade is critical to Mongolia’s future, and a driving force for economic growth. An enabling environment for trading is one that allows faster, fairer, more predictable, and transparent processing and clearance of imports and exports—all at the lowest cost to the traders. The Mongolia Trade Information Portal is part of Mongolia’s Trade Facilitation Program implemented under the auspices of the Ministry of Foreign Affairs and the Mongolian Customs General Administration.
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The improved briquettes will be sold to 220,000 ger area households at a 50 percent discount. From tomorrow until April 1, 2021, citizens will be able to buy one ton of improved briquettes for 75 thousand MNT. This means that the price of one sack of improved briquettes will be reduced by 50 percent. Ulaanbaatar residents consume 4,000 tons of improved briquettes per day in winter and about 120,000 tons per month. ...Read
The 7th meeting of the Mongolia-India Joint Cooperation Committee was held online. The meeting was chaired by L.Oyun-Erdene, Chairman of the Mongolian Section, Minister of Mongolia, Chairman of the Cabinet of Ministers, S.Jaishankar, Chairman of the Indian Section, Minister of Foreign Affairs of India, G.Yondon, Minister of Natural Resources, and L.Tsagaan, Minister of Civil Aviation. Khaltar, B.Munkhjin, Deputy Minister of Foreign Affairs, T.Kapur, Deputy Minister of Oil and Gas of India, and G.Riva, State Secretary of the Ministry of Foreign Affairs. ...Read
Since the outbreak of Covid-19, countries have been researching and talking about vaccines, and the world is waiting for an effective, high-quality and safe vaccine. Mongolia is one of the few countries in the world to have an Immunization Law....Read
At a time when business activity is slowing down due to the quarantine, the price of copper, Mongolia's main export product, is rising rapidly and is expected to continue to grow, giving us hope that the economic crisis will be overcome in the short term . Fluctuations in world copper prices and supply and demand conditions are among the factors that directly affect the Mongolian economy. The latest favorable news to announce that, on October 2 to $ 12 per tonne of copper prices in 7711 reached trading futures on the London Metal Exchange. That's up 60 percent from $ 4,600 in March during the coronavirus epidemic. Overall, the price exceeded 7,000, the highest level since June 2018 . ...Read
The “Customs-Business Partnership 2020” meeting was successfully held on October 9, 2020 at the Mongolian National Chamber of Commerce and Industry (MNCCI)....Read
Mongolia became the seventh member of the Asia-Pacific Trade Agreement (APEC), the first regional economic partnership agreement, which was ratified by the State Great Hural (Parliament) on December 12, 2019....Read