Some obstacles faced by Mongolian foreign traders foreign traders

Operation of state organizations

• No initiatives from policy makers to incorporate business interest and comments in the process of policy formulation, elaboration of policy documents;
• Methodology for determining of net weight and total weight;
• Information database developed by State Customs Administration used for determination of customs value
• Poor capacity of laboratory facilities for export and import goods;
• Non acceptance by trading partners of some documents required by Customs for customs necessary documents;

Bribery, corruption

• According to Red Tape Perception Index developed by MNCCI, State Customs Administration ranked at 2 place, implying poor performance.
• Financial courses
• Lack of long term investment capital in domestic financial market;
• Lack of foreign trade documentation services provided by banks and financial institutions

Lack information and knowledge

• Information source and database of foreign and domestic market;
• Standards and technical requirement of goods to supply in foreign markets,information source of advanced technology;
• Lack of trainings for foreign trade managers;
• Lack of information in terms of foreign and international aid programs for Mongolia.