EENI-Business School

Doing Business in Mongolia

Syllabus of the Subject: Doing Business in Mongolia. Ulaanbaatar.

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

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

  1. To analyse the Mongolian economy and foreign trade
  2. To evaluate the business opportunities in Mongolia
  3. To explore Mongolia's trade relations with the country of the student
  4. To know Mongolia's Free Trade Agreements
  5. To examine the profile of the Mongolian Companies
  6. To develop a business plan for the Mongolian Market
The Subject “Doing Business in Mongolia” is part of the following programs:
  1. Masters (e-learning): International Business, Asia
  2. Doctorate in Business in Asia
  3. Diploma: Central Eurasia

Master and Doctorate in International Business for the Mongolian Students.

Course learning materials in English (Spanish Mongolia French Mongolie)

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

Sample of the subject - Doing Business in Mongolia:
Doing Business in Mongolia

Description of the Subject (Doing Business in Mongolia).

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

  1. Borders of Mongolia: China and Russia
  2. Total Mongolian population: 2,9 millions of people
  3. The majority of the Mongolian are Mongols (Khalkha)
  4. 59% of the total population is under age 30
  5. Capital: Ulaanbaatar (40% of the population)
  6. 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

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

  1. Traditional religions (Tengriism and Shamanism)

Mongolia belongs to the Lamaist area of the Buddhist Civilisation.

Mongolia Mining

Mongolian Economy.

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

Mongolian Foreign Trade

Foreign Trade of Mongolia.

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

Central Asia Economic Cooperation

Mongolia has preferential access/FTA.

  1. Shanghai Cooperation Organisation (SCO) (Observer state)
  2. Central Asia Regional Economic Cooperation (CAREC) Programme
  3. Generalised System of Preferences (GSP)
  4. Asia-Pacific Trade Agreement (APTA)

Mongolia is a member of:

  1. World Customs Organisation
  2. Economic and Social Commission for Asia and the Pacific (ESCAP)
  3. Asian Development Bank (ADB)
  4. Asia Cooperation Dialogue (ACD)
  5. Boao Forum for Asia
  6. European Investment Bank
  7. Economic Commission Europe (UNECE)
  8. Africa-Asia Strategic Partnership (NAASP)

Generalised System of Preferences (GSP)

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