Ulaanbaatar
EU project supports non-mining product export through trade discount system
Economy
Ulaanbaatar /MONTSAME/ Advisory day for private enterprises which are supplying products to the European Union countries or plan to make export was held today at the Mongolian National Chamber of Commerce and Industry (MNCCI).
The event was organized for the first time under the EU Trade Related Assistance to Mongolia (TRAM) project with the support of EU. Over 200 representatives of public and private sector, universities and institutes attended the event. Moreover, domestic producers have displayed their products to the EU countries during the event.
President of the MNCCI M.Oyunchimeg and Ambassador of the European Union to Mongolia Traian Hristea delivered opening speeches. Director of the Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs V.Enkhbold and EU TRAM project leader Ms. Carmen Fratita also attended the event.
In 2017, Mongolia exported products to 19 out of 28 EU countries using General Scheme of Preferences (GSP) trade discount system with USD 687 thousand tax credit. Director of the Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs V.Enkhbold emphasized the potential for further export increase.
The EU TRAM project being implemented between 2017 and 2021 with funding of EUR 5 million is aimed at promoting economic growth and reducing poverty by increasing foreign trade and product types.
Ambassador of the European Union to Mongolia Traian Hristea said that the TRAM project will focus on promotion of exports of Mongolia and usage of the GSP system. He also said “In addition to increasing the export of non-mining products,we’ll focus on the participation of employed women and creation of new jobs. This project is beneficial for small and medium-sized businesses, especially those producing value-added products. In this way, we hope that the quality and quantity of export products will increase.”
The event was organized for the first time under the EU Trade Related Assistance to Mongolia (TRAM) project with the support of EU. Over 200 representatives of public and private sector, universities and institutes attended the event. Moreover, domestic producers have displayed their products to the EU countries during the event.
President of the MNCCI M.Oyunchimeg and Ambassador of the European Union to Mongolia Traian Hristea delivered opening speeches. Director of the Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs V.Enkhbold and EU TRAM project leader Ms. Carmen Fratita also attended the event.
In 2017, Mongolia exported products to 19 out of 28 EU countries using General Scheme of Preferences (GSP) trade discount system with USD 687 thousand tax credit. Director of the Foreign Trade and Economic Cooperation Department of the Ministry of Foreign Affairs V.Enkhbold emphasized the potential for further export increase.
The EU TRAM project being implemented between 2017 and 2021 with funding of EUR 5 million is aimed at promoting economic growth and reducing poverty by increasing foreign trade and product types.
Ambassador of the European Union to Mongolia Traian Hristea said that the TRAM project will focus on promotion of exports of Mongolia and usage of the GSP system. He also said “In addition to increasing the export of non-mining products,we’ll focus on the participation of employed women and creation of new jobs. This project is beneficial for small and medium-sized businesses, especially those producing value-added products. In this way, we hope that the quality and quantity of export products will increase.”
B.Misheel
