PRESS RELEASE 
EMBARGO  
NOT FOR PUBLICATION, OR DISTRIBUTION BY NEWS AGENCIES UNTIL 
1400 GENEVA TIME ( 1300  GMT) 15 MARCH 2005  
 
PRESS/TPRB/245 
15 March 2005 
 
(05-1062) 
TRADE POLICY REVIEW: MONGOLIA 
Early market oriented reforms helped the transition to a stable 
economic growth 
Early market-oriented reforms, including establishment of an open trade regime, significantly 
helped the transition of Mongolia from a cent rally planned economy until 1991 to a market-based 
economy, currently enjoying stable economic growth and moderate inflation, according to a WTO 
Secretariat report on the trade policies and practices of Mongolia. 
 Although the report stresses that the structural reform process remains to be completed, 
Mongolia’s economy is currently on a recovery path and the progress in economic and political 
reform, like farm privatization and price deregulation, financial sector liberalization and privatization of state entities, has been impressive. 
 
The report also notes the need to diversify Mongolia’s industrial structure into manufacturing and services and says that the policy efforts to ensure macroeconomic stability and to implement 
structural and other economic reforms needed for sustainable growth would be of great 
importance to Mongolia’s long-term growth prospects.   
The WTO report, along with a policy statement by the Government of Mongolia, will be the basis 
for the first Trade Policy Review (TPR) of Mongolia by the Trade Policy Review Body of the WTO on 15 and 17 of March 2005. 
 
The following documents are available in MS Wo rd format on the WTO web-site. They can be 
downloaded at http://www.wto.org/english/ tratop_e/tpr_e/tp245.htm  
 
• Secretariat report 
> Contents and summary observations  
> Economic environment  
> Trade and investment regimes  > Trade policies and practices by measure  
> Trade policies by sector  
> Appendix tables  
• Government report  
• Chairperson’s concluding remarks  
• Minutes of the meeting (available appr oximately six weeks after the meeting). PRESS/TPRB/245 
Page 2 of 2 
 
 
Note 
Trade Policy Reviews are an exercise, mandated in the WTO agreements, in which member countries’ trade and related policies are examined and evaluated at regular intervals. Significant 
developments that may have an impact on the global trading system are also monitored. For each 
review, two documents are prepared: a policy stat ement by the government of the member under 
review, and a detailed report written independently by the WTO Secretariat. These two documents are then discussed by the WTO’s full membership in  the Trade Policy Review Body (TPRB). These 
documents and the proceedings of the TPRB’s meetings are published shortly afterwards.  
 Print copies of the TPR publications are available for sale from the WTO Secretariat, Centre William 
Rappard, 154 rue de Lausanne, 1211 Genève 21 and through the on-line bookshop at 
https://secure.vtx.ch/shop/boutiques/wto_index_boutique.html  or follow this path :  
www.wto.org >resources > publications > trade policy reviews  
 
The TPR publications are also available from our co-publisher Bernan Press , 4611-F Assembly Drive, Lanham, MD 20706-4391, United States 
Next reviews: 
Paraguay : 27 and 29 of April 2005 
Nigeria : 11 and 13 of May 2005 
Ecuador : 8 and 10 June 2005 
 For a full list of previous trade policy reviews and the full programme of future reviews go to 
http://www.wto.org/english/trat op_e/tpr_e/tpr_ e.htm#reviews 
or follow this path : www.wto.org > trade topics > trade policy reviews  
 
END