{"id":9555,"date":"2024-04-01T18:10:47","date_gmt":"2024-04-01T14:40:47","guid":{"rendered":"https:\/\/mongolianhonoraryconsulate.mn\/trade-and-investment-in-mongolia"},"modified":"2026-07-10T20:31:38","modified_gmt":"2026-07-10T17:01:38","slug":"trade-and-investment-in-mongolia","status":"publish","type":"page","link":"https:\/\/mongolianhonoraryconsulate.mn\/en\/trade-and-investment-in-mongolia","title":{"rendered":"Trade and Investment in Mongolia"},"content":{"rendered":"<section class=\"l-section wpb_row height_auto color_primary with_img parallax_hor bgwidth_120\"><div class=\"l-section-img\" role=\"img\" data-img-width=\"2560\" data-img-height=\"1600\" style=\"background-image: url(https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/03\/BackGround-MHC-FA-ORG-scaled.jpg);\"><\/div><div class=\"l-section-overlay\" style=\"background:rgba(2,2,2,0.67)\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><h2 class=\"w-text us_custom_84ecb291\"><span class=\"w-text-h\"><span class=\"w-text-value\">Trade and Investment in Mongolia<\/span><\/span><\/h2><nav class=\"g-breadcrumbs separator_icon align_center\" itemscope itemtype=\"http:\/\/schema.org\/BreadcrumbList\"><div class=\"g-breadcrumbs-item\" itemscope itemprop=\"itemListElement\" itemtype=\"http:\/\/schema.org\/ListItem\"><a itemprop=\"item\" href=\"https:\/\/mongolianhonoraryconsulate.mn\/en\/\"><span itemprop=\"name\">Home Page<\/span><\/a><meta itemprop=\"position\" content=\"1\"\/><\/div><div class=\"g-breadcrumbs-separator\"><i class=\"far fa-angle-right\"><\/i><\/div><div class=\"g-breadcrumbs-item\">Pages<\/div><\/nav><div class=\"w-separator size_small\"><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_medium\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--gap:58px;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"g-cols wpb_row via_grid cols_2 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"w-image us_custom_447bff20 style_outlined align_none\"><div class=\"w-image-h\"><img decoding=\"async\" width=\"784\" height=\"523\" src=\"https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-1-MHC-FA.jpeg\" class=\"attachment-us_1536_1536 size-us_1536_1536\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-1-MHC-FA.jpeg 784w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-1-MHC-FA-300x200.jpeg 300w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-1-MHC-FA-600x400.jpeg 600w\" sizes=\"auto, (max-width: 784px) 100vw, 784px\" \/><\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column us_custom_da0e2dc9\"><div class=\"wpb_wrapper\"><p>Mongolia has made remarkable progress in the last two decades in transforming itself from a socialist country with a limited economy to a democratic, multi-party and dynamic country with one of the fastest growing economies in the world. <strong>The Mongolian Consulate<\/strong> is also trying to increase trade and investment in Mongolia. The above-mentioned ways are a reason for progress in this area, which we will mention below. <\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-overlay\" style=\"background:#e6ebef\"><\/div><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"g-cols wpb_row via_grid cols_2 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column us_custom_da0e2dc9\"><div class=\"wpb_wrapper\"><ul>\n<li>The GDP grew significantly, by 17% in 2011 and 5.2% in 2019.<\/li>\n<li>Mongolia&#8217;s economic outlook is positive as the mining sector is growing every year and developing huge projects such as Oyu Tolgoi, one of the largest copper and gold mines in the world, and Tavan Tolgoi, the world&#8217;s largest thermal and metallurgical coal deposit.<\/li>\n<li>Major infrastructure and industrialization are developing very rapidly.<\/li>\n<li>The service industry accounts for about 50% of the economic structure. IT and communications are also developing rapidly in Mongolia. The country also has great agricultural potential with its pasture-based livestock farming.<\/li>\n<li>The Mongolian government has established a coherent policy to maintain a stable and legal environment for foreign investment and has provided favorable conditions for investment procedures and regulations.<\/li>\n<li>Mongolia joined the World Trade Organization in 1997. The WTO agreements have been widely incorporated into Mongolian domestic law. Since joining the organization, Mongolia has adhered to the General Agreement on Tariffs and Trade. Mongolia&#8217;s main tariff is set at 5%, with a ceiling of 20%.<\/li>\n<li>Mongolia, along with 43 other countries, is a party to the Agreement on the Protection and Promotion of Foreign Investment, which provides protection to foreign investors.<\/li>\n<li>According to the 2021 Index of Economic Freedom, Mongolia ranked 14th out of 41 countries in the Asia-Pacific region, with an overall score above the average score in the region.<\/li>\n<li>The World Bank also ranked Mongolia 81st out of 185 countries.<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"w-image us_custom_447bff20 style_outlined align_none\"><div class=\"w-image-h\"><img decoding=\"async\" width=\"900\" height=\"444\" src=\"https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-2-MHC-FA.jpeg\" class=\"attachment-us_1536_1536 size-us_1536_1536\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-2-MHC-FA.jpeg 900w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-2-MHC-FA-300x148.jpeg 300w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-2-MHC-FA-600x296.jpeg 600w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/div><\/div><div class=\"w-separator size_small\"><\/div><div class=\"w-image us_custom_447bff20 style_outlined align_none\"><div class=\"w-image-h\"><img decoding=\"async\" width=\"780\" height=\"500\" src=\"https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-3-MHC-FA.jpeg\" class=\"attachment-us_1536_1536 size-us_1536_1536\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-3-MHC-FA.jpeg 780w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-3-MHC-FA-300x192.jpeg 300w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-3-MHC-FA-600x385.jpeg 600w\" sizes=\"auto, (max-width: 780px) 100vw, 780px\" \/><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"l-section wpb_row height_custom\"><div class=\"l-section-h i-cf\"><div class=\"g-cols vc_row via_grid cols_1 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--gap:58px;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"g-cols wpb_row via_grid cols_2 laptops-cols_inherit tablets-cols_inherit mobiles-cols_1 valign_top type_default stacking_default\" style=\"--gap:3rem;\"><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"w-image us_custom_447bff20 style_outlined align_none\"><div class=\"w-image-h\"><img decoding=\"async\" width=\"1536\" height=\"1152\" src=\"https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-4-MHC-FA-1536x1152.jpeg\" class=\"attachment-us_1536_1536 size-us_1536_1536\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-4-MHC-FA-1536x1152.jpeg 1536w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-4-MHC-FA-300x225.jpeg 300w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-4-MHC-FA-1024x768.jpeg 1024w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-4-MHC-FA-600x450.jpeg 600w, https:\/\/mongolianhonoraryconsulate.mn\/wp-content\/uploads\/2024\/04\/Trade-Mongolia-4-MHC-FA.jpeg 1600w\" sizes=\"auto, (max-width: 1536px) 100vw, 1536px\" \/><\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container\"><div class=\"vc_column-inner\"><div class=\"wpb_text_column us_custom_da0e2dc9\"><div class=\"wpb_wrapper\"><p style=\"direction: rtl;\">In recent years, a new agency to promote trade and investment in Mongolia, the Invest Mongolia Agency, has been established and has published the Guide to Investing in Mongolia. This comprehensive guide provides useful information for foreign investors on doing business in Mongolia, including visa status, company registration, taxes, labor, trade laws, and more.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"Trade and Investment in MongoliaHome PagePagesMongolia has made remarkable progress in the last two decades in transforming itself from a socialist country with a limited economy to a democratic, multi-party and dynamic country with one of the fastest growing economies in the world. The Mongolian Consulate is also trying to increase trade and investment in...","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-9555","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/mongolianhonoraryconsulate.mn\/en\/wp-json\/wp\/v2\/pages\/9555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mongolianhonoraryconsulate.mn\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mongolianhonoraryconsulate.mn\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mongolianhonoraryconsulate.mn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mongolianhonoraryconsulate.mn\/en\/wp-json\/wp\/v2\/comments?post=9555"}],"version-history":[{"count":2,"href":"https:\/\/mongolianhonoraryconsulate.mn\/en\/wp-json\/wp\/v2\/pages\/9555\/revisions"}],"predecessor-version":[{"id":9557,"href":"https:\/\/mongolianhonoraryconsulate.mn\/en\/wp-json\/wp\/v2\/pages\/9555\/revisions\/9557"}],"wp:attachment":[{"href":"https:\/\/mongolianhonoraryconsulate.mn\/en\/wp-json\/wp\/v2\/media?parent=9555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}