Barter is the present and the future of international trade, especially for people who is starting in the import export business. Barter and more: Triangular operations.
Japan and Mongolia, Ink Trade Pact to increase car exports.
Japan and Mongolia signed a free trade agreement Tuesday that is expected to open the landlocked frontier market to more Japanese auto exports and strengthen relations.
Prime Minister Shinzo Abe and his Mongolian counterpart Chimed Saikhanbileg signed the agreement at a summit in Tokyo.
As part of the economic partnership agreement Mongolia assured resource-scarce Japan of stable access to supplies of coal and rare earths.
The two countries began free trade talks in 2012 and reached a basic accord last July.
Mongolia's imports from Japan, mostly vehicles, are roughly 16 times the size of its exports to Japan. The agreement signed Tuesday calls for Japan to scale back tariffs on its imports of Mongolian products such as cashmere.
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