UN General Assembly
2017

Enhancing connectivity is an urgent priority that all landlocked developing economies share. Mongolia acceded to the WTO’s Trade Facilitation Agreement in 2016. We value the potential of its article 11, on freedom of transit for reducing trade costs and boosting trade for landlocked developing countries, which can help us integrate into global value chains and make the transition from landlocked to land-linked status. In order to further improve market access to its main trading partners, Mongolia is studying the feasibility of free trade agreements with the Eurasian Economic Union, the People’s Republic of China and the Republic of Korea. An economic partnership agreement is already in place with Japan.