7th session of Committee on Trade and Investment taking placeEconomy
/MONTSAME/ The 7th Session of the Committee on Trade and Investment of the United Nations Economic and Social Commission
for Asia and the Pacific (UNESCAP) kicks
off on January 27.
curbing trade flow and protecting domestic market in this time of the pandemic. Moreover, he underlined the significance of the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific” for the landlocked and geographically remote Mongolia to overcome these weaknesses. The agreement is initiated by the UNESCAP with the purpose to facilitate trade and create online trade environment. Trade expense of Mongolia is estimated to be reduced by 30 percent if the country successfully implement the Framework Agreement on Paperless Trade and the Agreement on Trade Facilitation of the World Trade Organization, he noted.
Mohammad Faisal Al-Mutairi: Transportation is the main problem in the expansion of Mongolia-Kuwait trade