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24x7Report > Blog > Finance > How Mongolia’s Third Neighbor Policy Can Bolster Its Tourism Sector
Finance

How Mongolia’s Third Neighbor Policy Can Bolster Its Tourism Sector

Last updated: 2023/12/20 at 6:28 PM
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How Mongolia’s Third Neighbor Policy Can Bolster Its Tourism Sector
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Mongolia’s tourism sector is aiming excessive within the upcoming 12 months, and with good cause. In November, the Lonely Planet nominated Mongolia as one of many top 10 destinations to visit in 2024. 

The nation’s nomadic historical past and tradition will function an essential component for increasing the nation’s “third neighbor” coverage and financial targets in 2024. The present administration is increasing bilateral ties with third neighbor nations comparable to Vietnam, South Korea, Singapore, Turkey, and the US to spice up tourism and make Mongolia extra accessible to world vacationers. 

The “Welcome to Mongolia” marketing campaign was launched in 2023 throughout Prime Minister Oyun-Erdene Luvsannamsrai’s state go to to South Korea. The tourism marketing campaign not solely highlights Mongolia’s third neighbor connections but additionally envisages alternatives for brand new industrial airline routes and the streamlining of visa programs. 

Within the effort to diversify Mongolia’s financial system, Ulaanbaatar’s third neighbors have made vital leaps in bilateral industrial ties. 

In August, Mongolia and the US signed an Open Skies Agreement within the hopes of “facilitating better air connectivity between the US and Mongolia and can present the authorized framework for nonstop passenger flights.” Mongolia additionally purchased its first Boeing 787 plane. 

Ulaanbaatar has signed related agreements with nationwide airline carriers and aviation regulators in Turkey, Vietnam, and Singapore. The Mongolia-Singapore settlement is especially essential for Mongolia to train the “fifth freedom of the air”: visitors rights for flights finally sure for a 3rd nation. Mongolia can thus use Singapore as a transit hub to connect with the Asia-Pacific markets, Europe, and the Americas. 

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One other key a part of Mongolia’s technique to spice up tourism is securing visa-free entry for overseas nationals. As of 2023, Mongolia had signed visa-free offers with 34 countries. 

Mongolia can be selling Mongolian tradition overseas within the hopes of fomenting curiosity within the nation as a vacationer vacation spot. The cultural actions that passed off in Paris and London this 12 months may be seen as groundwork for attracting European tourism to Mongolia within the upcoming years. 

The Ministry of Tradition of Mongolia has been proactive in exhibiting the nation’s tradition to the world, even whereas aiming to recall cultural artifacts.

Through the International Cultural Forum in St. Petersburg, Russia, in November, Minister of Tradition Nomin Chinbat launched a name to motion, urging different nations to return Mongolian historic cultural artifacts scattered all over the world. Different nations could also be reluctant to return this stuff; nevertheless, the ministry goals to barter to make use of these artifacts as a part of better displays and shows. 

For instance, the British Museum at the moment stores 122 Mongolian artifacts from the Unwell-Khanid dynasty. Shows of these artifacts current a possibility to spotlight Mongolia to new audiences throughout the globe and improve the cultural visibility of Mongolian nomadic heritage. 

Mongolia’s work has already led to some treasures being introduced again to the nation, together with the return of Mongolian dinosaur fossils from the United States. The French authorities has agreed to work carefully with their Mongolian counterparts to fight illicit trafficking of artifacts. 

One other connection between tradition and commerce is obvious in Mongolia’s artistic industries. The federal government has held talks with Hollywood executives and is providing interesting tax incentives for manufacturing corporations to movie and put money into Mongolia, whereas additionally placing the nation’s spectacular landscapes on screens internationally and hopefully driving additional curiosity and tourism to the nation. 

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This 12 months, Mongolia additionally held the primary Nas Summit, which linked younger Mongolians to key social media influencers and content material turbines with a mixed social media following of over 400 million. The influencers from all over the world had been introduced underneath one roof in Ulaanbaatar to share concepts and talk about the most recent technological traits. Occasions just like the Nas Summit increase the visibility of Mongolia’s youthful era within the digital age.  

As Mongolia strives to diversify its financial system, creativity and newer initiatives are required to bolster the nation’s tourism sector. The Worldwide Financial Fund’s October 2023 figures projected that Mongolia’s GDP will develop by one other 4.5 p.c in 2024. Tourism is hoped to play an more and more essential function within the financial system.

“I look ahead to 2024 being one other 12 months the place we see a strengthening of cultural ties between Mongolia and the remainder of the world,” Nomin Chinbat, the minister of tradition, instructed The Diplomat. “That’s the reason selling Mongolia’s tradition abroad has been a key a part of my work this 12 months. 

“Tradition and the artistic industries usually are not solely a key a part of Mongolia’s progress technique at residence however on the coronary heart of our ‘third neighbor’ coverage, which builds and strengthens friendships outdated and new.” 

In 2024, Mongolia anticipates constructing on this success. The federal government will proceed to make use of cultural diplomacy to amplify its voice on the worldwide stage and strengthen its worldwide partnerships, whereas attracting vacationers from all over the world.

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TAGGED: Bolster, Mongolias, Neighbor, policy, sector, Tourism

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