India-Mongolia Economic Relations: Current Status and Future Prospect

Prabir De and Sreya Pan
Additional contact information
Prabir De: Research and Information System for Developing Countries
Sreya Pan: Research and Information System for Developing Countries

The Northeast Asian Economic Review, 2017, vol. 5, issue 2, 31-47

Abstract: The long historical relation of India-Mongolia was translated to diplomatic relationship in 1955, after three decades of Mongolia's independence. With the India's Act East Policy, the relation with Mongolia plays a critical role towards India's association with Northeast Asian countries. The volume of India-Mongolia trade has been growing at a faster pace since last decade. However, it is under performed than its potential level. The paper indicates that India and Mongolia have strong trade potential in petroleum products, iron and steel products, cements, pharmaceuticals, minerals etc. India has potentiality to invest in diversified areas of trade and social sectors. Trade and investment will be enhanced by reducing barriers to trade and need to have stronger monetary policy and stable business environment. Mongolian government has shown their concern towards attracting foreign investment in different areas along with mining. The stronger bilateral relation will help two countries to unlock their trade and investment potential with more regional accessibility.

Keywords: trade; investment; trade potentiality; trade barriers; India; Mongolia (search for similar items in EconPapers)
Date: 2017-10
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.unii.ac.jp/erina-unp/archive/en/wp-con ... 05/naer52-3_tssc.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eri:review:5:2:31-47

Access Statistics for this article

More articles in The Northeast Asian Economic Review from ERINA - Economic Research Institute for Northeast Asia Contact information at EDIRC.
Bibliographic data for series maintained by Hirofumi Arai ().