Ulaanbaatar
Cabinet renews Program on Promoting Exports
PoliticsUlaanbaatar /MONTSAME/ Mongolian government has been realizing the Program since 2013. However, the performance has been going with 18 percent until now, a fact of which says that the program needs to be upgraded, decided the cabinet regular meeting on April 18
The cabinet resolved to renew the export promoting program for 2016-2020. The program aims to promote long-term sustainable economic development through increasing the products produced by latest technology, based on innovations and know-how, improving competitiveness and diversification of exports.
With the implementation of this program in 2016-2020, the exports of products from non-extractive industries will reach 30 percent of the country’s overall exports, the processing industry products-- 15 percent, the policymakers expect.
It is also estimated that the revenue from exports of food, agriculture and light industry products would amount to one billion USD.
