{"id":9063,"date":"2011-12-16T17:34:17","date_gmt":"2011-12-16T16:34:17","guid":{"rendered":"http:\/\/octagona.wordpress.com\/?p=550"},"modified":"2026-10-23T16:35:21","modified_gmt":"2026-10-23T14:35:21","slug":"mongolia-india-trade-relations","status":"publish","type":"post","link":"https:\/\/octagona.com\/en\/mongolia-india-relazioni-commerciali\/","title":{"rendered":"Mongolia: trade relations with India intensify"},"content":{"rendered":"<p style=\"text-align: justify;\">Mongolia is intensifying trade relations with India and increasing their trade flows. During a meeting held in Ulan Bator, the two heads of state, Pratibha Patil and Tsakhia Elbegdorj, were able to take stock of the situation: among the objectives of the meeting were the strengthening and consolidation of political and economic relations between the two countries through the definition of certain agreements that could provide greater impetus to the Mongolian economy. There are already strong cultural ties between the two countries, and the economic growth experienced by Mongolia in recent years, combined with the improvement of democratic conditions, particularly following the dissolution of the Soviet Union and a consequent opening to the free market, have undoubtedly contributed to accelerating a process of rapprochement on the part of New Delhi, which sees Ulan Bator as an economic and political partner on whom it can rely.<\/p>\n<p style=\"text-align: justify;\">The meeting led to the signing of several important agreements, both from a strategic and diplomatic perspective and from a strictly commercial one. The two Presidents signed a bilateral cooperation agreement concerning defense policy and the redefinition of their strategic interests, but they did not limit themselves to that. Agreements were also signed between the respective <em>Planning Commission<\/em> (these are governmental institutions that deal with providing development plans and projects aimed at improving the economic and social conditions of the countries in question): in this regard, India, which can count on a certain level of experience accumulated over the years, will support Mongolia in economic planning and design processes, through better resource optimization and the creation of a design apparatus. Mongolia has indeed established a National Committee for Development and Innovation, in which India will play an important role.<\/p>\n<p style=\"text-align: justify;\">The ambitious partnership plan also includes agreements in energy and mining, as well as the creation of a center focused on education, information technology, and outsourcing, which will involve an investment of USD 20 million from New Delhi. To intensify contacts between the two nations and further improve commercial relations, cooperation pacts have also been signed to enhance communication channels, thanks to the establishment of agreements and exchange programs that will allow for easier movement between the two populations and greater information sharing between the two states through media channels.<\/p>\n<p style=\"text-align: justify;\">India has long established several training centers in Mongolia, offering its collaboration in the field of education and training to further qualify the skills of young people and the local workforce. Not surprisingly, some Indian companies have long been taking advantage of the potential offered by Mongolia, establishing themselves in this vast and sparsely populated territory. The exploitation of minerals represents one of the country\u2019s main businesses, and in the future the number of Indian companies operating in various sectors, from agriculture to food, technological products, the training sector, infrastructure, and tourism will continue to grow.<\/p>\n<p style=\"text-align: justify;\">Mongolia, which covers an area of 1,565 thousand square kilometers, has a population of about 2.7 million. The GDP grew by 6.1% in 2010 and the local market is very interesting: since the 1990s, the necessary reforms to open the economy have been implemented, encouraging and incentivizing foreign investment. The country has recorded significant growth rates not only due to the abundant presence of natural resources, which represent the main wealth, but also thanks to the presence of a stable political system. Certainly, time is needed to consolidate the development and give greater impetus to the dynamics of growth, but it is still a nation that has successfully managed the transition from a planned economy to a free market economy.<\/p>\n<p style=\"text-align: justify;\">However, Mongolia relies heavily on its neighbors, namely Russia and China. China, in particular, is its main trading partner: trade with Beijing accounts for 50% of total foreign trade (in terms of exports and imports), and China receives 75% of Mongolian exports. For this very reason, India believes it is appropriate to strengthen its ties with Ulaanbaatar: the trade partnership between the two countries has always been strong, and bilateral trade reached $16.9 million in 2010, thanks in particular to Indian exports of pharmaceuticals, veterinary medicines, automobiles, and auto parts.<\/p>\n<p style=\"text-align: justify;\">According to leading international analysts, Mongolia is a rising economy capable of offering business and investment opportunities in the medium to long term. Furthermore, its privileged relationship with New Delhi constitutes an excellent opportunity for interested Italian companies, as India itself could indeed represent a useful channel and bridge for accessing this market.<\/p>\n<p><strong>ALSO READ:<\/strong><\/p>\n<p><a href=\"https:\/\/octagona.com\/en\/the-success-of-italian-companies-in-india\/\">The success of Italian companies in India<\/a><\/p>\n<p><a href=\"https:\/\/octagona.com\/en\/internationalize-own-foreign-business-strategic-choice-or-opportunity\/\">Internationalizing your business abroad: strategic choice or opportunity?<\/a><\/p>\n<p><a href=\"https:\/\/octagona.com\/en\/digital-export-manager-dem-linter-internationalization-in-a-digital-environment\/\">Digital export manager (DEM): internationalization in a digital context<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Mongolia intensifica relazioni commerciali con l&#8217;India incrementano e aumentano i loro flussi commerciali. Nel corso di un incontro svoltosi ad Ulan Bator, i due Capi di stato, Pratibha Patil e Tsakhia Elbegdorj, hanno potuto fare il punto della situazione: tra gli obiettivi del meeting, il rafforzamento ed il consolidamento delle relazioni politico-economiche tra i due [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary octgn-read-more-link\" href=\"https:\/\/octagona.com\/en\/mongolia-india-relazioni-commerciali\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":11434,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[19],"class_list":["post-9063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internazionalizzazione-imprese","tag-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Relazioni 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Laureata in Economia e Marketing internazionale all'Universit\u00e0 di Modena e Reggio Emilia, cura i contenuti del blog dedicati ai mercati esteri, all'export e alle strategie di ingresso per le PMI italiane. 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