USEFUL BUSINESS INFORMATION ON MONGOLIA

1. Country Brief:

A. Introduction - The Mongols gained fame in the 13th century when under Chinggis KHAN they conquered a huge Eurasian empire. After his death the empire was divided into several powerful Mongol states, but these broke apart in the 14th century. The Mongols eventually retired to their original steppe homelands and later came under Chinese rule. Mongolia won its independence in 1921 with Soviet backing. A Communist regime was installed in 1924. The ex-Communist Mongolian People's Revolutionary Party (MPRP) won elections in 1990 and 1992, but was defeated by the Democratic Union Coalition (DUC) in the 1996 parliamentary election. Since then, parliamentary elections returned the MPRP overwhelmingly to power in 2000 and produced a coalition government in 2004.

B. Climate - desert; continental (large daily and seasonal temperature ranges      Mongolia is high, cold, and windy. It has an extreme continental climate with long, cold winters and short summers, during which most of its annual precipitation falls. The country averages 257 cloudless days a year, and it is usually at the center of a region of high atmospheric pressure. Precipitation is highest in the north (average of 20 to 35 centimeters per year) and lowest in the south, which receives 10 to 20 centimeters annually.

C. Geographical Area - 604,247 sq mi (1,565,000 sq km)

D. Language - Mongolian, 90%; also Turkic and Russian (1999)

E. Currency With Exchange Rate - Mongolian Tugrik

1 US Dollar = 1,163.78 Mongolian Tugrik

F. Population - 2,832,224 (2006 est.)

G. Major Cities - Ulaanbaatar, Erdenet, Hovd, Tsetserleg, Ulaangom,Uliastai, Ondorkhaan

2.Transportation:

A. Railway - total: 1,810 km

B. Road - total: 49,250 km
Paved: 1,724 km
Unpaved: 47,526 km (2002)

C. Airports - 44 (2006), Heliports:- 2 (2006)

D. Waterways - 580 km

E. Sea ports  -

3. Economy:

A. Major Manufacturing -

B. Major Export - $852 million f.o.b. (2004 est.): copper, apparel, livestock, animal products, cashmere, wool, hides, fluorspar, other nonferrous metals

C. Import - $1.011 billion c.i.f. (2004 est.): machinery and equipment, fuel, cars, food products, industrial consumer goods, chemicals, building materials, sugar, tea.

D. Major Industry - construction and construction materials; mining (coal, copper, molybdenum, fluorspar, tin, tungsten, and gold); oil; food and beverages; processing of animal products, cashmere and natural fiber manufacturing.

Natural resources: oil, coal, copper, molybdenum, tungsten, phosphates, tin, nickel, zinc, wolfram, fluorspar, gold, silver, iron, phosphate

E. Trade balance -

4. Trade Associations, Chamber of Commerce, Trade shows and Exhibitions in Mongolia:

Major Trade Assocations

Chambers of Commerce

Mongolian National Chamber of Commerce and Industry

J. Sambuu Str.-11, Ulaanbaatar-38, Mongolia

Tel: (976 1) 131-2501, 132-7176, 131-2371

Fax: (976 1) 132-4620

Email: chamber@mongolchamber.mn

Website: http://www.mongolchamber.mn

Major Trade Shows

Mangolian International Healthcare Exhibition (MIHE 2007)

Start Date 24-JUN-08 End Date 26-JUN-08         

Venue

Ulan Bator Exhibition Centre

City / State - Ulan bator,Country -Mongolia

Event Profile:

Mangolian International Healthcare Exhibition (MIHE) will bring together all the key players under one roof, providing exhibitors with a compelling networking opportunity-to precisely target relevant budget-holders in the shortest time possible and at an affordable cost.

Organizer:

ITE Group Plc
105, Salusbury Road,
London, United Kingdom.
Tel: +(44)-(207)-5965000/5965008
Fax: +(44)-(207)-75965111/5965018

6. Useful links:

Mongolian Importers, Dealers of Japanese Used Cars, Construction Machinery & Auto Parts