EENI Global Business School
Business in Mongolia, Ulaanbaatar

Syllabus of the Subject: Foreign Trade and Business in Mongolia. Ulaanbaatar

  1. Introduction to Mongolia (Asia)
  2. Mongolian Economy
  3. Doing Business in Ulaanbaatar
  4. Foreign Trade (Import, Export) of Mongolia
    1. Mongolian Customs
  5. Business Opportunities in Mongolia:
    1. Mining
    2. Agriculture
    3. Construction
    4. Energy
    5. Transport
    6. Industry
    7. Health
  6. Foreign Direct Investment (FDI) in Mongolia
  7. Case Study: Mongolian Mining Corporation
  8. Access to the Mongolian Market
  9. Business Plan for Mongolia

The aims of the Subject “Foreign Trade and Business in Mongolia” are the following:

  1. To analyse the Mongolian Economy and Foreign Trade (Import, Export, FDI)
  2. To know the business opportunities in Mongolia
  3. To explore the Mongolian trade relations with the country of the student
  4. To know the Mongolian Free Trade Agreements
  5. To examine the profile of Mongolian Companies
  6. To develop a business plan for the Mongolian Market
The Subject “Foreign Trade and Business in Mongoliabelongs to the following Online Higher Education Programs taught by EENI Global Business School:
  1. Masters: Business in Asia, International Business, Foreign Trade, Religions & Business
  2. Doctorates: Ethics, Religions & Business, Asian Business, World Trade
  3. Course: Business in Central Eurasia
  4. Course: Buddhism, Ethics and Business

Mongolia, Online Masters, Doctorates, Foreign Trade, Business Masters and Doctorates in International Business adapted to the Mongolian Students.

Online Students, Master in International Business and Foreign Trade

Learning materials in Courses, Masters, Doctorates in International Business in English (Study Master Doctorate Business in Spanish Mongolia Study, Master in International Business in French Mongolie)

  1. Credits of the Subject “Foreign Trade and Business in Mongolia”: 1 ECTS Credits
  2. Duration: one week

Sample of the Subject - Doing Business in Mongolia:
International Trade and Business in Mongolia

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Description of the Subject (Doing Business in Mongolia).

Mongolia is one of the fastest growing world's economies.

Economic Corridors related to Mongolia
  1. Trans-Siberian Railway (Russia, Mongolia, China, North Korea)
  2. Eurasian Land Transport Initiative (Silk Road)
  3. China-Mongolia-Russia Economic Corridor
  4. Almaty-Bishkek Economic Corridor
  5. Asia-Africa Growth Corridor
  6. Access to the China-Central Asia-West Asia Economic Corridor

Mongolian Preferential Access and Free Trade Agreements

  1. Mongolia and the Buddhist Economic Area
  2. Asia-Pacific Trade Agreement (APTA)
  3. Central Asia Regional Economic Cooperation (CAREC) Programme
  4. Generalised System of Preferences (GSP)
  5. Commonwealth of Independent States (CIS) (associated state)
  6. Shanghai Cooperation Organisation (SCO) (Observer state)

International Trade Facilitation Programs

  1. World Trade Organisation (WTO)
    1. WTO General Agreement on Trade in Services (GATS)
    2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS)
    3. WTO Agreement on Technical Barriers to Trade (TBT)
    4. WTO Agreement on Preshipment Inspection (PSI)
    5. WTO Agreement on Safeguards (SG)
    6. WTO Trade Facilitation Agreement (TFA)
  2. World Customs Organisation (WCO)
    1. Revised Kyoto Convention (RKC)
  3. Organisation for Cooperation between Railways (OSJD)
  4. International Convention on the Harmonization of Frontier Controls of Goods (UNECE)
  5. International Bureau of Containers and Intermodal Transport (BIC)
  6. International Civil Aviation Organisation (ICAO, Chicago Convention)
  7. International Maritime Organisation (IMO)
    1. International Convention for Safe Containers (CSC)
    2. Convention Relating to Temporary Admission (Istanbul Convention)
  8. International Road Transport Union (IRU)
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  9. Customs Convention on Containers (CCC, UN) - not a member

Mongolia Mining

Asian Trade and Economic Organisations

  1. Economic and Social Commission for Asia and the Pacific (ESCAP)
  2. Asian Development Bank (ADB)
  3. Boao Forum For Asia
  4. Africa-Asia Strategic Partnership (NAASP)
  5. Asia Cooperation Dialogue (ACD)
  6. Colombo Plan
  7. Mongolia-Europe Economic Meeting (ASEM)

Global Organisations

  1. United Nations (UN)
    1. Conference on Trade and Development (UNCTAD)
    2. International Trade Centre (INTRACEN)
    3. World Intellectual Property Organisation (WIPO)
  2. World Bank (WB)
  3. European Investment Bank
  4. Economic Commission for Europe (UNECE)
  5. World Trade Organisation (WTO)
  6. International Monetary Fund (IMF)
  7. Pacific Economic Cooperation Council (PEEC)
  8. World Customs Organisation (WCO)


  1. Borders of Mongolia: China and Russia
  2. Total Mongolian population: 2.9 million people
  3. The majority of the Mongolian are Mongols (Khalkha)
  4. 59% of the total population is under age 30
  5. Mongolian Capital: Ulaanbaatar (40% of the population)
  6. Mongolian Area: 1,565,000 square kilometres (19th world's largest nation)
  7. Landlocked country
  8. Desert of Gobi: 41% of the Mongolian land
  9. Type of Government: Parliamentary Republic
  10. Mongolian official language: Khalkha Mongolian (Cyrillic alphabet, spoken by 90% of Mongolians)
  11. Russian language and English are the most spoken foreign languages

China-Mongolia-Russia Economic Corridor, Road Transportation Course

Main religion in Mongolia: Tibetan Buddhism (50%), atheism (40%)

  1. Traditional religions (Tengriism and Shamanism)

Mongolia belongs to Lamaist area of the Buddhist Civilisation.

Trans-Siberian Railway (Russia, Mongolia, China, North Korea) Course

Mongolian Economy.

  1. Market economy
  2. Huge mineral resources
  3. Mineral production: gold, copper, and coal
  4. Mongolian GDP growth: 7%
  5. GDP of Mongolia: 10 Billion USD
  6. Mongolian Growth rate: 7%
  7. GNI per capita of Mongolia: 3.770 USD
  8. Mongolian Legal system: based on the Roman-German (Constitution)

Mongolian Foreign Trade (Master, Course)

Foreign Trade of Mongolia.

  1. Mongolian exports: 5.774 billion USD
  2. Mining exports (coal, copper, iron ore, and petroleum) represent 74% of Mongolian exports
  3. The main Mongolian trade partners are Russia and China
  4. Mongolian imports: 5.266 billion USD
  5. The main Mongolian imports are consumer and capital goods, fuels
  6. Mongolia is open to FDI
  7. Total FDI in Mongolia: 17 Billion USD (12,000 companies from 112 countries)
  8. Top sectors receiving FDI: geology and mining (72%), trade and food (18%), banking, logistics, and construction
  9. Nearest ports to Mongolia: Tianjin (China, 1.344 kilometres), Nakhodka (Russia, 4.037 kilometres)
  10. Access to the Eurasian Land Transport Initiative

Central Asia Regional Economic Cooperation (Trade Facilitation, customs, corridors)

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