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GTAP Resources: Resource Display

GTAP Resource #3300

"Recent Trends in Mongolian Foreign Trade with the Countries of Northeast Asia "
by Shagdar, Enkhbayar


Abstract
Foreign trade plays a crucial role in the Mongolian economy with the value of foreign trade turnover almost equaling to the country’s GDP. Mongolia embarked upon an irreversible path towards a market economy in 1990 and introduced trade reforms and liberalization policies since the early years of economic transition. Mongolia joined WTO in 1997.
The Northeast Asian (NEA) countries have large presence in Mongolia’s foreign trade activities accounting for more than two-third total trade. Because Mongolia is a landlocked country and has limited domestic and international transportation networks, Mongolia’s only two neighbors – China and Russia – have the largest presence in its foreign trade activities. Although Japan and the ROK have emerged as new trading partners of Mongolia’s exports, the volume remains limited. The overall structure of Mongolia’s foreign trade with NEA did not change much over the period 1995-2005. Exports were dominated by mineral products and products of livestock origin, whereas imports comprised a wide range of consumer products and industrial goods. Also, low proportion of intra-industry trade with these countries indicates lack of integration of Mongolia’s industries with the regional industries. Therefore, Mongolia needs to improve its export performance by diversifying its markets and seeking opportunities for exports of higher value-added products.


Resource Details (Export Citation) GTAP Keywords
Category: 2010 Conference Paper
Status: Published
By/In: ERINA REPORT, Vol.96, November 2010, pp. 41-52
Date: 2010
Version:
Created: Shagdar, E. (4/15/2010)
Updated: Shagdar, E. (1/17/2011)
Visits: 2,416
- Baseline development
- Asia (East)


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