National Consultation on Facilitating Cross-border Paperless Trade held www.montsame.mn
Ulaanbaatar /MONTSAME/ On May 2, the Ministry of Foreign Affairs of Mongolia in collaboration with the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) organized the National Consultation on Facilitating Cross-border Paperless Trade. The meeting involved international experts and representatives from United Nations ESCAP Trade, Investment and Innovation Division and governmental and non-governmental organizations of Mongolia including the Customs General Administration, State Specialized Inspection Agency and Communications Regulatory Commission.
The participants of the consultation discussed assessments conducted on Mongolia’s legal and technical readiness for cross-border paperless trade and devised a National Action Plan. The action plan lays out proposed measures and activities to be carried out such as joining the UN treaty titled ‘Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific', fully digitizing domestic and foreign trade activities, as well as updating and harmonizing information technology systems of government trade agencies.
It is worth noting that export and import costs and time can be reduced through acceleration of paperless trade process.
Published Date:2019-05-06