The National Development Agency reports that Mongolia exports 4.9 billion USD of products annually, which puts the nation in seventh place among other landlocked countries.
Researchers suggest that landlocked countries need to make products based on available resources that are cost effective and have value in the international market. They also say that landlocked countries can mitigate their disadvantages by leveraging their geography and developing logistics services.
Transport specialist have conducted research on five projects for establishing inland ports. Technical and economic feasibility studies for the first port, which will be in Khushig Khundii, has begun. Over six companies will take part in the five inland port projects.
The National Development Agency reports that Mongolia exports 4.9 billion USD of products annually, which puts the nation in seventh place among other landlocked countries.
Researchers suggest that landlocked countries need to make products based on available resources that are cost effective and have value in the international market. They also say that landlocked countries can mitigate their disadvantages by leveraging their geography and developing logistics services.
Transport specialist have conducted research on five projects for establishing inland ports. Technical and economic feasibility studies for the first port, which will be in Khushig Khundii, has begun. Over six companies will take part in the five inland port projects.