Ulaanbaatar
M.Enkhbold: "Mongolia and Russia must focus on trade imbalance"
PoliticsUlaanbaatar /MONTSAME/ “The both sides should pay a particular attention to implementing medium-term program for the development of strategic partnership between Mongolia and Russia”, stressed the Parliament Speaker M.Enkhbold at a meeting with Sergey Donskoy, the Russian Minister of Natural Resources and Environment on Tuesday.
“In the past 20 years, the volume of trade turnover between Mongolia and Russia has decreased. So, we must focus on the trade imbalance between the two countries. Also, there are tariff and non tariff trade barriers. These challenges can be tackled not only in the scope of the Eurasian Economic Commission (EEC), but through direct connections”, he went on.
Then Mr Enkhbold noted that the Mongolian-Russian joint stock company Ulaanbaatar railway is a symbol of bilateral relations. “Therefore, the sides must put efforts for increasing efficiency of Ulaanbaatar railway, improving its technical capacity, and using all potentials of transit transportation linking Asia with Europe”, he added.
In turn, Mr Donskoy pointed out that Russia and Mongolia is celebrating the 95th anniversary of establishment of diplomatic relations. “We consider that Mongolia is a close neighbour and the main partner of Russia. Last April, Russia and Mongolia signed a medium-term program for the development of strategic partnership. This document will give an impetus to further development of both countries. The economic cooperation is developing slowly than political ties. So it shows that we must focus on using existing potentials in more effective way. An annual meeting of the Russian- Mongolian intergovernmental commission for trade, economic, scientific and technical cooperation is giving a great attention to this issue”, he noted.
The parties also mentioned that working groups of the both sides should actively work on issues regarding real estates of the Russian Federation in the Mongolian territory, on improving the economic efficiency and performance of the Ulaanbaatar Railway joint venture and on implementing projects which were included in a tri-partite program on creation of the economic corridor between Mongolia, Russia and China.
