Third EU Trade Day in Mongolia: Increasing the export potential of Mongolia to the European Union marketEconomy
Ulaanbaatar, 26-27 October: The European Union is organizing the third EU Trade Day Conference in Mongolia. The event will bring together more than 250 participants from the public and private sectors from Mongolia and abroad. On this occasion the EU-financed Trade Related Assistance to Mongolia (TRAM) and its partners will present their achievements in developing sustainable trade policy measures, the project’s impact on the diversification and increase the export of value-added products to the market of the European Union.
”I am pleased that participants will have the opportunity to engage with local and EU experts on trade policy of Mongolia, implementation of the Trade Facilitation Agreement, adoption of international standards, opening the Mongolian Investment and Trade promotion Center in Berlin, challenges and difficulties of the four export clusters (seabuckthorn, cosmetics, leather and yak and camel wool) and the recommendations of the EuroChamber on Export Financing Measures for SMEs,” said H.E. Mr Traian Hristea, Ambassador of the European Union to Mongolia.
During the second day of the Conference a workshop will be organized by GSP Hub project having as objective of facilitating horizontal exchange among stakeholders on how to increase the use of GSP+ preferences, through identifying routes for export diversification, encouraging European companies to increase their imports from Mongolia, and promoting international sustainability standards.
The event will bring together EU institutional stakeholders and EU-based companies, along with Mongolian government officials, industry & trade promotion associations, civil society and NGOs, researchers, journalists, and academia. The Conference will be opened by H.E. Mr Nyamtseren Enkhtaivan, Minister of Foreign Affairs, H.E. Mr Traian Laurentiu Hristea, Ambassador of the European Union to Mongolia and Mr Amartuvshin, President, MNCCI.
EU TRAM project has the objective of enhancing Mongolia’s international trade and economic diversification and contributing to sustainable economic growth and development of the country, with the goal of reducing poverty and external vulnerabilities. The purpose of the project is to strengthen capacities and to support Mongolian public institutions and the private sector to develop and deliver effective trade policy initiatives with a special focus on specific products/sectors with high potential for export, to effectively participate in the world economy.
GSP Hub project provides support to the European Commission in increasing awareness, transparency, and engagement of stakeholders with the EU’s GSP. It aims at engaging stakeholders to increase the use of GSP, through bringing new EU investment, encouraging European companies to import from the beneficiary countries, and promoting the related international sustainability standards.