Multilateral Economic Ties of Mongolia with its Asian Trading Partners in the Period of 2011-2021
Multilateral Economic Ties of Mongolia with its Asian Trading Partners in the Period of 2011-2021

Summary/Abstract: This article gives an insight into the main aspects of Mongolian’s economy related to its Asian Trading Partners namely China, India, South Korea, and Japan in the period of 2011–2021. To give more clarity about the main trading partners of Mongolia there are two countries: China and Russia, but the author focuses only on the Asian trading partners to try to evaluate if the policy of “The third neighbour” works. The main goal is to popularise the still not well-known economy of Mongolia and to see how it was developed in the analysed period of 2011–2022. As the methodology of the research, the author used empirical analysis based mainly on Macrobond data which also has access to Mongolian Statistics Office data and also to available world reports such as OECD, and UNCTAD. Besides that, the article was consulted with the Mongolian Ambassador in Poland and it was enriched this way with his best knowledge regarding the economy and Mongolia’s international trade and investment policy. The interesting aspect which was raised by the author in this article was the future state of the economy of Mongolia after the pandemic SARS-CoV-2 and the impact of the restrictions imposed on Russia due to the war on Ukraine.

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