Publication: Mongolia Central Economic Corridor Assessment: A Value Chain Analysis of Wool-Cashmere, Meat and Leather Industries
Date
2019-05
ISSN
Published
2019-05
Author(s)
World Bank Group
Abstract
Mongolia has a comparative advantage in
agribusiness, especially downstream industries using
livestock products. Yet its share in worldwide exports of
agribusiness commodities is insignificant. Enhancing the
efficiency of the central economic corridor (CEC) is vital
to Mongolia’s effort to improve trade competitiveness and
diversify exports. The role of Mongolia’s economic corridors
is best understood when seen as an integral part of the
country’s supply chain. The report analyzes the performance
gap of the CEC through an examination of three sectors: (a)
cashmere and wool sector, (b) meat, and (c) leather. These
sectors highlight the major challenges that Mongolian
producers face in a world where agribusiness depends on a
demanding retail sector characterized by tight delivery
schedules and high-quality standards, which are more
important than tariffs. The report diagnoses the challenges
that these industries face, identifies opportunities for the
growth of these sectors, leveraging the potential of the
CEC, and shares policy recommendations on how to seize these
opportunities. The analysis shows that Mongolia’s
comparative advantage has been significantly diluted by
weaknesses associated with its economic corridors.
Citation
“World Bank Group. 2019. Mongolia Central Economic Corridor Assessment: A Value Chain Analysis of Wool-Cashmere, Meat and Leather Industries. © World Bank, Washington, DC. http://hdl.handle.net/10986/31767 License: CC BY 3.0 IGO.”