IFC, a member of the World Bank Group, along with the Ministry of Foreign Affairs, the General Agency for Specialized Inspection, and the Customs General Administration of Mongolia hosted an international conference in Ulaanbaatar. The aim is to help Mongolia develop more efficient border inspection practices.
This will, subsequently, accelerate collaboration of border agencies to implement the country’s commitments under the World Trade Organization’s Trade Facilitation Agreement reducing the cost for trade — especially for emerging agriproducts exports.
“Mongolian Customs, a member of the World Customs Organization, has set objectives to secure international trade, improve trade compliance, and to facilitate legitimate trade in its near-term strategy,” said Bat-Erdene Yo, Deputy Director General of the Customs General Administration of Mongolia. “We are implementing customs control risk management by collaborating with customs stakeholders as well as international partners. The Authorized Economic Operator program, too, has been introduced. The international conference was timely and enhanced the knowledge and experience of our customs officials.”
The World Bank Group is taking a holistic approach to support Mongolia’s export diversification. The World Bank is assisting exporters by providing export insurance and capacity-building grants through its Export Development Program. In March, IFC launched the Mongolia Trade Facilitation and Agricultural Exports Competitiveness Project to help streamline trade and customs regulations, simplify border inspection practices, and enhance private sector capacity to meet export requirements in the next five years. The conference marks an important milestone of the project.
Original source: IFC
Published on 11 September 2018
