EU project on supporting foreign trade to continue to be implemented

Economy
munkhzul@montsame.gov.mn
2022-01-28 16:50:13

Ulaanbaatar /MONTSAME/. The European Union funded ‘Trade Related Assistance for Mongolia’ (EU TRAM) project will continue to be implemented, informed project leader, trade expert George Myrogiannis during a meeting held with officials of the Mongolian National Chamber of Commerce and Industry (MNCCI). 


During the meeting, the two sides held a detailed discussion on the MNCCI’s participation in the implementation of the project as well as measures planned for the future. 

 

The European Union will support amendments being made to further improve Mongolia’s legal environment for trade and customs.




 

With aims to build capacity and increase opportunities for export in Mongolia, the project will carry out works including the following:


• provide support in drafting a bill on foreign trade, assess the bill from the viewpoint of World Trade Organization (WTO),

• provide support in fulfilling the obligations reflected in Category C of the WTO’s Trade Facilitation Agreement, and assist in making amendments to the Law on Customs, 


• increase Mongolia’s export in the framework of the EU’s Generalised Scheme of Preferences Plus (GSP+),


• cooperate in the certification and registry of products to be exported to the European market.