Analyzing The Effects Of Mongolia’s Accession To Asia-Pacific Trade Agreement (APTA)

Abstract

This paper investigates the early effects of Mongolia’s accession to the
Asia-Pacific Trade Agreement (APTA). The Gravity model is employed in
this study to analyze the effects of key factors that affect trade costs for
land-locked Mongolia. In addition, the Spearman’s rank correlation of
revealed advantage (SRC) and Trade intensity index (TII) are used to
identify the Mongolian export products suitable for the APTA market. The
paper concludes that Mongolia would be able to increase its trade flow
for the APTA market after its accession to the regional trade agreement.