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National Chamber of Commerce and Industry of Mongolia Adyasuren D.

Mongolia and the World Trade Organization. National Chamber of Commerce and Industry of Mongolia Adyasuren D. Mongolia and the World Trade Organization. Member since 1997, after 6-year negotiations. Short negotiations.

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National Chamber of Commerce and Industry of Mongolia Adyasuren D.

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  1. Mongolia and the World Trade Organization National Chamber of Commerce and Industry of Mongolia Adyasuren D.

  2. Mongolia and the World Trade Organization Member since 1997, after 6-year negotiations. Short negotiations. There were negotiations during transfer to a new system “Doha”: first multilateral negotiations on MongoliaMain negotiations: agriculture, NAMA (Non-Agricultural Market Access), simplification of trade procedures, servicesProtection of interests of the group of developing countries (G33), small and vulnerable economies, which have access to the sea.First TPR: 2005

  3. Liabilities and their fulfillment Basic rates: - Average: 18% - Specific products: 25% -75% Realization: 1997 - 15%, 2003 - 5% Absence ofquotaLicense for several productsAbsence of additional fees and payments Simplification of customs services Reconsideration of lawsExport duty for several productsAbsence of tariff quota without control of prices

  4. General Agreement on Trade in Services The General Agreement on Trade in Services covers 12 sectors of services and 160 sub-sectors.Mongolia contracted liabilities in 6 out of 12 sectors and 20 out of 160 sub-sectors with the coverage rate of 23.9%.These include business services, postal and courier services, telecommunication services, insurance services, banking and other financial services, tourism services.The General Agreement on Trade in Services: applications and proposals: - Improvement of current liabilities; Requests from Mongolia in other countries – members of the World Trade Organization; Requests from members of the World Trade Organization in Mongolia;

  5. Laws, regulating trade in services The law on special licenses for business; The law of Mongolia on the central bank; The law of Mongolia on the settlement currency; The law on export of labor force and import of foreign labor force and experts; Other laws, related to banking and postal services, intellectual property, unfair competition etc; International contracts, where Mongolia participates; Bilateral agreements with foreign states on the issues of trade and economic cooperation;

  6. GDP growth by years, in percent

  7. External trade (million US dollars)

  8. Foreign investments (million US dollars)

  9. Services sector Share of the services sector in GDP constitutes 40.9% (preliminary data of 2011) Largest sub-sectors (statistics of 2009): Retail and wholesale trade (12.2%), transportation, warehousing and communication (11.2%), real estate, lease and other types of activity (9.1%), financial intermediation (3.0%). Employment in the services sector increased up to 54.1% in 2009 and 51.8% in 2008, whereas in 2003, this rate constituted 46.4%. Labor capacity in the services sector was higher as compared to agriculture and production spheres.

  10. Advantages of membership Trade with members on the basis of the MFN mode; Increase of trade volume (from 900 million US dollars in 1995 to 11 billion US dollars in 2011);Increase of the number of trade partners (from 14 to 140); Increase of investments (about 10 billion US dollars) and investment sources (from 110 countries); GDP growth; Supply of goods (cheap import); Selection of consumers; Strong stimulus for domestic reforms; Attraction of interests of other countries (in political aspect); Participation in the world trade decisions making; Information exchange; Possibility to obtain technical assistance within the framework of corresponding programs; Influence on bilateral trade relations;

  11. Drawn lessons Private sector should be strong. Negotiations should be based on factual data’ It is necessary to consider political problems as well as economic consequences; Joining should be well-prepared and timely; There should be relevant structure and infrastructure for development of the trade policy;

  12. Thank you for attention!!! adyasuren@mongolchamber.mn

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