EENI Global Business School

Business in Mongolia, Ulaanbaatar, Mining



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Syllabus of the Subject

Mongolian Economy and Foreign Trade. Ulaanbaatar. Mining (gold, copper)

  1. Introduction to Mongolia (Asia)
  2. Mongolian Economy
  3. Business in Ulaanbaatar
  4. Foreign Trade of Mongolia
    1. Mongolian Customs
  5. Business Opportunities in Mongolia:
    1. Mining
    2. Agriculture
    3. Construction
    4. Energy
    5. Transport
    6. Industry
    7. Health
  6. Investment in Mongolia
  7. Case Study: Mongolian Mining Corporation
  8. Access to the Mongolian Market
  9. Business Plan for Mongolia

China-Mongolia-Russia Economic Corridor


The aims of the subject “Foreign Trade and Business in Mongolia” are the following:

  1. To analyze the Mongolian Economy and Global Trade
  2. To identify business opportunities in Mongolia
  3. To explore the Mongolian trade relations with the student's country
  4. To know the Mongolian Trade Agreements
  5. To examine the profile of Mongolian Companies
  6. To develop a business plan for the Mongolian Market

Asia Masters, Doctorate (Global Business, Foreign Trade)

The Subject “Foreign Trade and Business in Mongolia” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

Doctorate: Ethics, Religions & Business, Asian Business, World Trade.

Doctorate in International Business (DIB) Online

Course: Buddhism, Ethics and Business.

Foreign Trade and Business in Central Eurasia

Mongolia, Online Masters, Doctorate, Foreign Trade, Global Business Masters adapted to Mongolian Students..

Languages: Masters, Doctorate, International Business, English (Study Master Doctorate in International Business in Spanish Mongolia Study Doctorate in International Business in French Mongolie).

  1. Credits of the subject “Doing Business in Mongolia”: 1 ECTS Credits
  2. Duration: one week

International Trade and Business in Mongolia.

Mongolia is one of the fastest growing world's economies.

Eurasian Land Transport Initiative (Silk Road, China-Europe)

Economic Corridors related to Mongolia
  1. Trans-Siberian Railway (Russia, North Korea)
  2. Silk Road
  3. China-Russia Corridor
  4. Almaty-Bishkek Corridor
  5. Asia-Africa Corridor
  6. Access to the China-Central-West Asia Economic Corridor

Trans-Siberian Railway (Russia, Mongolia, China, North Korea)

Market Access - Free Trade Agreements

Mongolian Preferential Access and Trade Agreements:

  1. Mongolia and the Buddhist Economic Area
  2. Asia-Pacific Trade Agreement
  3. Japan-Mongolia Free Trade and Economic Partnership Agreement
  4. Central Asia Cooperation (CAREC)
  5. GSP
  6. CIS (associated state)
  7. SCO (Observer state)

Trade Facilitation Programs. TFA Agreement

  1. WTO
    1. GATS
    2. Agreement on Sanitary Measures
    3. Agreement on Technical Barriers to Trade
    4. Agreement on Preshipment Inspection
    5. Agreement on Safeguards
    6. Trade Facilitation Agreement
  2. WCO
    1. Kyoto Convention
  3. Organization for Cooperation between Railways (OSJD)
  4. Convention Harmonization of Frontier Controls of Goods
  5. BIC
  6. Chicago Convention (ICAO)
  7. IMO
    1. Convention for Safe Containers
    2. Istanbul Convention
  8. IRU
    1. TIR Convention
    2. Guidelines on Safe Load Securing for Road Transport
  9. Customs Convention on Containers - not a member

Asian Economic Institutions

  1. ESCAP
  2. Asian Development Bank
  3. Boao Forum For Asia
  4. Africa-Asia Partnership
  5. Asia Cooperation Dialogue
  6. Colombo Plan
  7. Mongolia-Europe Economic Meeting

Globalization and International Organizations

  1. UN
  2. WB
  3. European Investment Bank
  4. UNECE
  5. WTO
  6. IMF
  7. PEEC
  8. WCO

  1. Borders of Mongolia: China and Russia
  2. Total Mongolian population: 2.9 million people
  3. The majority of the Mongolian are Mongols (Khalkha)
  4. 59% of the total population is under age 30
  5. Mongolian Capital: Ulaanbaatar (40% of the population)
  6. Mongolian Area: 1,565,000 km² (19th world's largest nation)
  7. Landlocked country
  8. Desert of Gobi: 41% of the Mongolian land
  9. Type of Government: Parliamentary Republic
  10. Mongolian official language: Khalkha Mongolian (Cyrillic alphabet, spoken by 90% of Mongolians)
  11. Russian language and English are the most spoken foreign languages

Main religion in Mongolia: Tibetan Buddhism (50%), atheism (40%).

  1. Traditional religions (Tengriism and Shamanism)

Buddhism and Global Business

Mongolia belongs to Lamaist area of Buddhist Civilization.


Mongolia Mining

Mongolian Economy.

  1. Market economy
  2. Huge mineral resources
  3. Mineral production: gold, copper, and coal
  4. Mongolian GDP growth: 7%
  5. GDP of Mongolia: 10 Billion USD
  6. Mongolian Growth rate: 7%
  7. GNI per capita of Mongolia: 3.770 USD
  8. Mongolian Legal system: based on the Roman-German (Constitution)

International Trade and Business in Mongolia:
International Trade and Business in Mongolia

Foreign Trade (Importing, Exporting)

International Trade of Mongolia.

  1. Mongolian exports: 5.774 billion USD
  2. Mining exports (coal, copper, iron ore, and petroleum) represent 74% of Mongolian exports
  3. The main Mongolian trade partners are Russia and China
  4. Mongolian imports: 5.266 billion USD
  5. The main Mongolian imports are consumer and capital goods, fuels
  6. Mongolia is open to FDI
  7. Total FDI in Mongolia: 17 Billion USD (12,000 companies from 112 countries)
  8. Top sectors receiving FDI: geology and mining (72%), trade and food (18%), banking, logistics, and construction
  9. Nearest ports to Mongolia: Tianjin (China, 1.344 kilometers), Nakhodka (Russia, 4.037 kilometers)
  10. Access to the Eurasian Land Transport Initiative

Mongolian Foreign Trade


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