Archive for August, 2007

Some obstacles faced by Mongolian foreign traders foreign traders

Operation of state organizations

  • No initiatives from policy makers to incorporate business interest and comments in the process of policy formulation, elaboration of policy documents;
  • Methodology for determining of net weight and total weight;
  • Information database developed by State Customs Administration used for determination of customs value
  • Poor capacity of laboratory facilities for export and import goods;
  • Non acceptance by trading partners of some documents required by Customs for customs necessary documents;

Bribery, corruption

  • According to Red Tape Perception Index developed by MNCCI, State Customs Administration ranked at 2 place, implying poor performance.
  • Financial courses
  • Lack of long term investment capital in domestic financial market;
  • Lack of foreign trade documentation services provided by banks and financial institutions

Lack information and knowledge

  • Information source and database of foreign and domestic market;
  • Standards and technical requirement of goods to supply in foreign markets,information source of advanced technology;
  • Lack of trainings for foreign trade managers;
  • Lack of information in terms of foreign and international aid programs for Mongolia.
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August 6, 2007 at 5:53 am Leave a comment


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Information contained in this web site are partly derived from a CD-ROM "Guide to Investment and Trade-Mongolia", produced by Foreign Investment and Foreign Trade Agency (FIFTA). All trademarks are properties of their own respective owners.