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Events
Trade costs can be reduced by 13 percent if Mongolia accedes to framework agreement on cross-border paperless trade facilitation www.montsame.mn
The Seventh Meeting of the Interim Intergovernmental Steering Group on Cross-Border Paperless Trade Facilitation was held on April 25-26 in Bangkok, Thailand.
At the meeting, the participants discussed the advancements in the development of cross-border paperless trade in the region, and reviewed the progress of the implementation of the Framework Agreement on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific.
A. Tumur, Permanent Representative of Mongolia to the United Nations Economic and Social Commission for Asia and the Pacific, was a chair of the meeting.
Despite of not having yet acceded to the Framework Agreement on Facilitation of Cross-Border Paperless Trade in Asia and the Pacific, the Ministry of Foreign Affairs of Mongolia is working to have it ratified by the State Great Khural of Mongolia in the near future.
If Mongolia becomes a member state of the framework agreement and fully implements the agreement, it will be possible for Mongolia to reduce its current trade costs by up to 13 percent by coordinating its e-data with other member countries and exchanging information.
Published Date:2022-04-28
