Business in Mongolia

EENI- School of International Business

Subject Subject (Course): International Trade and Doing Business in Mongolia. Ulaanbaatar. Syllabus:

  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

Aims of the subject “Foreign Trade and Doing Business in Mongolia”:

  1. To analyse the Mongolian economy and foreign trade
  2. To evaluate business opportunities in Mongolia
  3. To explore Mongolia's trade relations with the student's country
  4. To know Mongolia's Free Trade Agreements
  5. To examine the profile of Mongolian Companies
  6. To develop a business plan for the Mongolian Market


Subject “Doing Business in Mongolia” is studied...
  1. Masters (e-learning): International Business, Asia
  2. Doctorate in Business in Asia
  3. Diploma: Central Eurasia

Master in International Business for 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 / 0.5 AC Credits
  2. Duration: one week

Sample of the subject - Foreign Trade and Doing Business in Mongolia:
Doing Business in Mongolia

Description Subject Description (Doing Business in Mongolia).

Mongolia is one fastest growing world's economies.

  1. Borders of Mongolia: China and Russia.
  2. The total Mongolian population: 2,9 millions of people
  3. The majority of 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 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
  12. The main religion in Mongolia: Tibetan Buddhism (50%), atheism (40%).
  13. 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. The growth rate: 7%
  7. GNI per capita: 3.770 USD
  8. The 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 Mongolian exports
  3. The main trade partners: Russia and China
  4. Mongolian imports: 5.266 billion USD
  5. The main imports of Mongolia: consumer and capital goods, fuels
  6. Mongolia is open to FDI
  7. The 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. The 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 Social Commission Asia-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)

U-EENI University