Ulaanbaatar
Mongolia to cooperate with Eurasian Economic Commission
PoliticsUlaanbaatar /MONTSAME/ On February 2-3, a delegation led by T.D.Valovaya, Minister in charge of Integration and Macroeconomics of the Eurasian Economic Commission is paying a working visit to Mongolia at the invitation of Ts.Munkh-Orgil, Minister for Foreign Affairs of Mongolia.
Minister Ts.Munkh-Orgil received the delegates and exchanged views on the bilateral cooperation in the future. Underlined the actively intensifying collaboration between Mongolia and the Eurasian Economic Commission, the Foreign Minister expressed his willingness to establish a Free Trade Agreement with the EEC.
T.D.Valovaya mentioned that Mongolian side is attaching high significance to the development of bilateral ties, and expressed her views on the bilateral cooperation, including the improvement of correspondence between business representatives and economic corridor of Mongolia, Russia and China.
The dignitaries then agreed to enhance trade relations and cooperation between organizations engaged in technical regulation, veterinary medicine, plant hygiene and quarantine and to hold a joint training, workshop and business forum in Mongolia.
After the meeting, the two sides signed a protocol of the second meeting of the working group for cooperation between the Government of Mongolia and EEC and an action plan for 2017-2018 of the working group. The documents lay out a number of actions including, the establishment of a document of cooperation in the fields of road transport, mining, food, agriculture and business, sharing experiences and organizing roundtable meetings.
Establishing Free Trade Agreement with the EEC is important to eliminating tariff and non-tariff obstacles in the trade relations between EEC member states and Mongolia, expanding foreign market of Mongolian traditional export products, increasing the amount of trade and services Mongolia to offer and attracting investment to Mongolia.
The EEC, which has been operating since January 2015, is the executive body of the Eurasian Economic Union comprises 5 member states, Russia, Kazakhstan, Belarus, Kyrgyz and Armenia.
Mongolia and EEC established a memorandum of cooperation in 2015. After setting up a joint working group, the two sides co-organized their first meeting in Ulaanbaatar in November 2015 and the second meeting in Moscow in November 2016.
