Japanese parliament-Diet OKs trade agreement with Mongolia

The Diet approved an economic partnership agreement with Mongolia on Friday.
The Upper House passed the bilateral free trade pact by a majority vote at a plenary session. The Lower House has already approved the pact.
The government will draw up relevant ordinances needed to implement the treaty, while Mongolia will work to complete parliamentary approval procedures. With these steps taken, the trade agreement is expected to take effect before the end of the year after the two countries have exchanged diplomatic notes.
Mongolia is the 15th economy to have concluded an EPA with Japan. For Mongolia, this is its first EPA.
Under the pact, the proportion of tariff-free goods from Japan to Mongolia will be increased to about 96 percent of the total Mongolia-bound export value within 10 years, while Japan will abolish tariffs on all goods imported from Mongolia over the same period.
Japan hopes the EPA with Mongolia will help secure stable supplies of mineral resources such as coal and rare earths.
The Upper House’s plenary session also approved a World Trade Organization trade facilitation pact Friday. The pact, the first major progress since the 2001 launch of the Doha Round of global trade liberalization negotiations, will come into force if it is endorsed by two-thirds of WTO members.
Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Australia Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and India Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia civic society Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive

Followers

Live Traffic