National database for trade to be established

Ulaanbaatar /MONTSAME/. An agreement to establish a national integrated database for foreign trade was signed by IFC Country Representative Rufat Alimardanov and Director General of the Customs General Administration B.Asralt on August 1.

With the establishment of the database, information related to trade will be more accessible for all stakeholders including government organizations and businessmen alike, creating the opportunity to enhance trade and improve regulations on trade and customs. Officials at the Customs General Administration reported that it would become easier for foreign traders and their partners to do cross-border trades by improving the customs process and border monitoring.

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