On June 26, the Government of Mongolia and the International Trade Centre joined forces to organize the highly anticipated World Export Development Forum 2023. With a focus on "Diversifying Green Trade: Organic, Digital, Sustainable," the forum aimed to enhance Mongolia's legal environment and foster international trade relationships. Among the attendees was Mr.Purevbazar, CEO of Fibo Cloud, a technology company in Mongolia. The event provided an invaluable platform to exchange best trade practices, introduce local technology products to foreign markets, and explore investment opportunities.
Mongolia faces significant challenges when it comes to exporting physical products. However, these geographical limitations are inconsequential when it comes to intangible products such as technology. Mongolia boasts a wealth of intellectual capacity that is recognized worldwide. By leveraging this intellectual potential, Mongolians can stay in their homeland while exporting their creations abroad, without losing their skilled professionals to other countries. This strategic advantage positions Mongolia as a promising hub for technology exports, providing a unique opportunity for economic growth and development. Fibo Cloud, a technology company, has recognized the untapped potential within Mongolia and aims to invest in the country, harnessing the intellectual prowess of its people. By doing so, Fibo Cloud strives to foster a thriving tech ecosystem that not only contributes to Mongolia's economy but also keeps its talented workforce within the country. The World Export Development Forum 2023 served as an invaluable catalyst in supporting Fibo Cloud's ambitious vision.
The World Export Development Forum 2023 marked an important milestone for Mongolia's journey towards diversifying its green trade, specifically in the field of technology exports. Despite geographical constraints limiting physical product exports, Mongolia's intellectual capacity remains a valuable asset that can be harnessed to drive economic growth. Fibo Cloud's participation in the forum exemplifies the company's commitment to investing in Mongolia and leveraging the potential of the region. With the continuous improvement of the legal environment and support from initiatives like the World Export Development Forum, Mongolia is on its way to becoming a prominent player in the global technology export market, fostering economic prosperity and retaining its skilled professionals within its borders.