Evaluation of Mongolian Trade Performance since Accession to the WTO

Abstract

More than fifteen years have passed since Mongolia accessed to the WTO. Membership of WTO has provided a better market access and open trade with rest of the world. However capitalization of this opportunity requires Mongolia to improve the political and industrial environment and infrastructure. This research aims to present a detailed analysis of Mongolian trade performance since accession to the WTO and its role and impacts on the Mongolian economic development. Economic growth, trade balance, structure of export and import, export trend: winning losing sectors and revealed comparative advantages (RCA) analysis will be employed in this research to evaluate Mongolian foreign trade performance after WTO membership. The research will be concluded with the policy implication that Mongolia should give more importance to trade policies especially export diversification to stimulate the export and economic growth.