Ulaanbaatar
Trade costs can be reduced by 13 percent if Mongolia accedes to framework agreement on cross-border paperless trade facilitation
Politics
Ulaanbaatar/MONTSAME/. The Seventh Meeting of the Interim
Intergovernmental Steering Group on Cross-Border Paperless Trade Facilitation was
held on April 25-26 in Bangkok, Thailand.
At the meeting, the participants discussed the advancements in
the development of cross-border paperless trade in the region, and reviewed the
progress of the implementation of the Framework Agreement on Facilitation of Cross-Border
Paperless Trade in Asia and the Pacific.
A. Tumur, Permanent Representative of Mongolia to the United
Nations Economic and Social Commission for Asia and the Pacific, was a chair of
the meeting.
Despite of not having yet acceded to the Framework Agreement
on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific, the
Ministry of Foreign Affairs of Mongolia is working to have it ratified by the
State Great Khural of Mongolia in the near future.
If Mongolia becomes a member state of the framework agreement
and fully implements the agreement, it will be possible for Mongolia to reduce its
current trade costs by up to 13 percent by coordinating its e-data with other
member countries and exchanging information.
