Ulaanbaatar
Agreement approved on terms for railway transit transport
PoliticsUlaanbaatar /MONTSAME/ In backing Monday a draft Mongolia-Russia intergovernmental agreement on terms for rail freight transit transportation, the cabinet authorized the Foreign Minister to sign the agreement.
It is expected that the agreement will be signed during the Shanghai Cooperation Organization (SCO) Summit to be held June 23-24 in Tashkent, Uzbekistan.
When signed, the document will allow Mongolia and Russia to pursue a flexible policy on the railway transportation through their territories, and will ensure a tariff competitiveness of railway transportation for a longer period. Plus, the agreement has a significance for facilitating the process of passing freight through the national borders and creating a favorable condition for transporting freight to seaports in smoother manner.
