In an exciting move for Mongolia’s foreign trade, the European Union-funded “Foreign Trade Support Project in Mongolia” is working closely with the General Department of Customs to enhance trade facilitation and promote economic growth. On August 8, 2024, the project team met with Deputy Head G. Enkhtaivan to discuss strategic actions aimed at streamlining customs processes, fostering stronger business partnerships, and improving coordination across government agencies.

Key Goals of the Project:

• Simplifying foreign trade processes
• Promoting the export of non-mining goods
• Reducing trade costs and operational time
• Boosting Mongolia’s economic competitiveness

Empowering SMEs and Removing Barriers This project is particularly focused on creating opportunities for Mongolian small and medium-sized enterprises (SMEs) to access European markets by addressing non-tariff barriers, and ultimately diversifying the country’s export portfolio.

Customs Policy Reform: The General Department of Customs is also playing a pivotal role, prioritizing reforms such as updating cross-border legislation, conducting impact analyses, and fostering public-private partnerships to ensure smooth implementation of these changes.

Deputy Head Enkhtaivan noted the collaboration as essential to ensuring Mongolia’s competitiveness in global trade.

With a promising road ahead, this project is poised to transform Mongolia’s foreign trade landscape by facilitating more efficient processes and increasing opportunities for local businesses.

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