Free Zone Management Advisory Firm Developing The Economic Cooperation Zone ProjectThe Development Of Free Zones Is An Identified National Priority For Mongolia And Aligned With The Sustainable Development Vision 2030 Greater Economic Diversification Is Envisaged Through Increased Manufacturing Activities In Free Zones Investment Promotion And Enhanced Trade Profile It Is Necessary To Untap Economic Potential Of Mongolia S Existing Zamyn Uud Free Zone And Its Strategic Position Along Corridor 4 Under The Central Asia Regional Economic Cooperation Carec Program Carec Corridors Link The Regions Key Economic Hubs And Connect Landlocked Carec Countries Such As Mongolia With Markets In Asia Europe And Rest Of The World Industries Established In The Zones Are Expected To Generate A Variety Of Exports Ranging From Agricultural And Manufacturing Products To Trade Related Services Free Zones Can Nurture The Creation Of Industrial Clusters Within The Country And With Neighboring Countries Mongolia Has Established Three Free Zones In Strategic Border Locations I At Altanbulag In Selenge Aimag Province On The Northern Border Of Mongolia With The Russian Federation In 2002 Ii At Zamyn Uud Border In Dornogobi Aimag On The Southern Border Of Mongolia With The People S Republic Of China Prc In 2003 And Iii At Tsagaannuur In Bayan Ulgii Aimag At The Crossroads Of The Prc Kazakhstan And The Russian Federation In 2005 The Office Of The Deputy Prime Minister Odpm Has Oversight Over The Free Zones But Each Zone Also Has A Governor S Office That Is Responsible For Managing Its Operations Zamyn Uud Is One Of The Key And Busiest International Border Crossing Points In Mongolia At The Junction Of Transport Networks And Offers The Fastest Route For Sea Access Via Tianjin Seaport Zamyn Uud Has A Territory Of 48 6 Thousand Hectares Of Which 70 Comprise State Special Purpose Land While The Zamyn Uud Free Zone Was Established Around 18 Years Ago It Has Not Become Fully Operational Despite Its Strategic Location And Investment Incentives There Is Also A Need For Clear Regulations For The Operations And Maintenance Of The Zone In Order To Instill Business Confidence In Long Term Investments The Zamyn Uud Free Zone Governor S Office Zufzgo Faces Institutional And Staff Capacity Constraints And There Is A Need For Better Coordination Among Border Agencies To Improve Trade Transactions
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