MONGOLIA

This Photo by Unknown Author is licensed under CC BY-SA

Introduction

• Mongolia is a landlocked country located in East and Central Asia bordered by Russia and

China.

• The government system is a semi-presidential republic; the chief of state is the president,

and the head of government is the prime minister. Mongolia is a member of the Asia-Pacific

Trade Agreement (APTA).

• Mongolia possesses large deposits of coal and fluorite and of copper, gold, silver, and other

metallic ores.

• The chief mineral produced is coal, which is primarily for domestic use, Fluorite, gold, and

copper and molybdenum ores are exported. Iron, zinc, and tin deposits are also worked.
Various Index
• Mongolia is ranked 81 among 190 economies in the ease of doing business, according to the
latest World Bank annual ratings.
Various Index

• Mongolia scored 35 points out of 100 on the 2019 Corruption Perceptions Index reported by

Transparency International.

• The average value for Mongolia during the period (1996 – 2019) was 0.71 points with a

minimum of 0.35 points in 1998 and a maximum of 1.17 points in 2002.

• According to the ‘Human Development Index-2019’ released by the United Nations

Development Programme, Mongolia has been ranked 92nd among 189 countries.

• The Global Competitiveness Report series released by the World Economic Forum (WEF)

introduced this year’s Global Competitiveness Index (GCI), in which Mongolia scored 52.6 point

and stood at 102nd out of 141 countries.

Foreign Relations

• Mongolia’s foreign relations are driven by a desire to preserve its autonomy by

balancing relations between major partners, including the United States, China,
and Russia, and also Japan and South Korea.

• The Republic of China recognized Mongolia in January 1946, and the two
countries signed a friendship treaty in February.
Trade
Strengths

• A vast endowment of a range of mineral resources, of which most are untapped, and
ample room for further economic development make that Mongolia’s growth potential
is big.

• Mongolia’s most important transportation artery is the Trans-Mongolian Railway

(officially, the Ulaanbaatar Railway), which runs north-south through the central part
of the country.
THANK YOU