Mongolia: The Next Asian Tiger?

The Council on International Policy’s J. Berkshire Miller writes about the new Free Trade Agreement between Mongolia and Japan and looks at Mongolia’s economic road ahead in his latest article for The National Interest.

Photo by Tuija Aalto – Flickr

[analysis] The news of July’s agreement in principle of the Mongolia-Japan Free Trade Agreement (FTA) was merely another addition to Tokyo’s stable of trade agreements in Asia. But for Mongolia, the trade pact with Japan is of far more significance—and not merely because it was with the world’s third largest economy. The conclusion of negotiations represents Mongolia’s official entry into East Asia’s proliferation of trade agreements, as this is the country’s first FTA. Meanwhile, Ulaanbaatar is also studying proposed agreements with South Korea and China.

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