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Doing Business in Mongolia

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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 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 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 analyze the Mongolian Economy and Global Trade;
  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 Trade Agreements;
  5. To examine the profile of Mongolian Companies;
  6. To develop a business plan for the Mongolian Market.

Global Trade and Business in Mongolia:
International Trade and Business in Mongolia

Online Course Business in Central Eurasia

Asia Online Masters, Doctorate (Global Business, Foreign Trade)

The Subject “Foreign Trade and Business in Mongolia” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade, Religions & Business.

Masters in International Business and Foreign Trade (MIB) - Online Education

Doctorate: Ethics, Religions & Business, Asian Business, World Trade.

Professional Doctorate in International Business (DIB). Online Education

Course: Buddhism, Ethics and Business.

Languages: Courses, Masters, Doctorate in International Business and Foreign Trade in English (Study Master Doctorate in International Business in Spanish Mongolia Study, Course Master Doctorate in International Business in French Mongolie).

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

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

International Trade and Business in Mongolia.

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

Eurasian Land Transport Initiative (Silk Road, China-Europe) - Online Education

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

China-Mongolia-Russia Economic Corridor, Road Transportation Course

Market Access - Free Trade Agreements. Online Education (Courses, Masters, Doctorate)

Mongolian Preferential Access and Free Trade Agreements:

  1. Mongolia and the Buddhist Economic Area;
  2. Asia-Pacific Trade Agreement (APTA);
  3. Japan-Mongolia Free Trade and Economic Partnership Agreement;
  4. Central Asia Cooperation (CAREC);
  5. Generalized System of Preferences (GSP);
  6. Commonwealth of Independent States (CIS) (associated state);
  7. Shanghai Cooperation Organization (SCO) (Observer state).

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

Trade Facilitation Programs. TFA Agreement. Online Education (Courses, Masters, Doctorate)

  1. WTO
    1. Agreement on Trade in Services (GATS);
    2. Agreement on the Application of Sanitary Measures;
    3. Agreement on Technical Barriers to Trade;
    4. Agreement on Preshipment Inspection;
    5. Agreement on Safeguards;
    6. Trade Facilitation Agreement.
  2. WCO
    1. Revised Kyoto Convention.
  3. Organization for Cooperation between Railways (OSJD);
  4. Convention Harmonization of Frontier Controls of Goods;
  5. International Bureau of Containers and Intermodal Transport (BIC);
  6. Chicago Convention (ICAO);
  7. International Maritime Organization (IMO)
    1. Convention for Safe Containers;
    2. 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 - not a member.

Online Education (Courses, Masters, Doctorate): Asian Economic Institutions

Asian Trade and Economic Organizations:

  1. ESCAP;
  2. Asian Development Bank;
  3. Boao Forum For Asia ;
  4. Africa-Asia Partnership;
  5. Asia Cooperation Dialogue;
  6. Colombo Plan;
  7. Mongolia-Europe Economic Meeting (ASEM).

Online Education (Courses, Masters, Doctorate): Globalization and International Organizations

Global Organizations:

  1. UN
    1. UNCTAD;
    2. ITC;
    3. WIPO.
  2. WB;
  3. European Investment Bank;
  4. UNECE;
  5. WTO;
  6. IMF;
  7. Pacific Economic Cooperation Council (PEEC);
  8. World Customs Organization (WCO).

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

  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 km² (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 Lamaist area of the Buddhist Civilization.

Buddhism and Global Business. Online Education (Courses, Masters, Doctorate)

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 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 (Doctorate, Master, Course)

Foreign Trade (Importing, Exporting) Online Education (Courses, Masters, Doctorate)

International 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 kilometers), Nakhodka (Russia, 4.037 kilometers);
  10. Access to the Eurasian Land Transport Initiative.


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