A Study On The Impact Of Foreign Trade On Mongolian Economic Growth

Mongolian economy is given priority to with animal husbandry and the mining industry, animal husbandry products mainly, blankets, wool, leather processing and animal skins, dairy products, beef and mutton, etc., the mining enterprise, fuel power and processed enterprises is a major industrial enterprise of Mongolia. In January 1997, Mongolia to join the world trade organization, thus opened with the possibility of trade equality of various countries around the world, is helpful to development of world trade, economic cooperation, etc. Mongolia policy to strengthen the national development and use of the comparative advantage to development of our country and foreign economic cooperation and mutual benefit and increase the gross domestic product (GDP). This research is to develop comparative advantages of mining for the growth of our foreign trade and economic growth in the process, must introduce the foreign advanced technology and strengthen national policy to change and diversification of Mongolia mineral and raw material depend on the government’s current economic structure, improve value-added products export, vigorously develop production replace imported products. Strong growth in some sectors of the product into new technology so as to increase the national income, creating jobs, and ensure the steady growth of national economy and strengthen diplomatic relations. Mongolia is faster economic growth in recent years, mainly the development of mining industry is very fast, so to strengthen the mining industry in the country’s income, has a great influence of China’s foreign trade growth.