Trends in Mongolian Foreign Trade Development by Joining PAA

Abstract

It has not been a long time since Mongolia adopted market economy but ever since 2004, it has been recording fast development which motivated them well enough to jump into the electronic trade market. Though it has just started, many small and medium size enterprises are already doing their businesses through the internet.This means that they need to arrange new regulations regarding electronic merchant agency in order to support every needed element from e-trade education and consultation for effective support and promotion to e-trade package supply such as business good offices and trade automation.Through the PAA project system which is operated by Korea and other 9 east Asian countries, many enterprises in Mongolia can be introduced to Mongolian websites and Korean business websites. This will benefit both Mongolian economy and Korea-Mongolia cooperation.Therefore, infra system should be firmly constructed in Mongolia in order to for Mongolia to become member of PAA project and gradually enlarge the boundary of its trade market in East Asia.

Keywords: PAA, E-Commerce, KOICA, UNDP

DOI: 10.7176/EJBM/13-10-04

Publication date:May 31^st 2021