(MENAFN)
South Korea's customs agency said that South Korea and Mongolia have signed a customs deal on Monday to facilitate bilateral trade between the two countries.
Kim Yung-moon, commissioner of the Korea Customs Service, and his Mongolian counterpart have signed the deal of the Mutual Recognition Arrangement for authorized economic operators in Ulaanbaatar, the capital of Mongolia.
The deal expects both sides to speedily clear products from the other country and give priority in customs processing.
South Korea has a Mutual Recognition Arrangement with 21 countries as of now.
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