L.Oyun-Erdene: A new century of Mongolian-Russian cooperation begins
视频On
August 28, Prime Minister L.Oyun-Erdene took part in a joint public and private
sector meeting on ‘Supporting Mongolian-Russian business and attracting
investment from Russia’.
At
the beginning of the meeting, the Prime Minister said, “This year marks the
100th anniversary of the establishment of diplomatic relations between Mongolia
and the Russian Federation. The two countries should bring the economic and
business cooperation to a new level in the next 100 years. As the pandemic has
slowed the world down, we need to be ready for the Post-Pandemic economy. The
economy, which was minus 5.3 percent, now stands at 6.3 percent. We have raised
many issues including unfavorable environment for investment. We will change
the approach and the cabinet will begin to hold meetings with investors before
making a decision. Moreover, we will strive to work to overcome the challenging
circumstances posed by the pandemic and double the GDP.”
Mentioning
that trade and economic cooperation between Mongolia and Russia is weak, the
Prime Minister said that Russia made up 0.9 percent of Mongolia’s export in
2019, while this performance was 58.5 percent in 1992. Looking back to the
relationship between the two countries over the past 10 years, from the
establishment of a strategic partnership in 2009 to the establishment of a
comprehensive strategic partnership in 2019, there has been criticism of
non-significant results in the bilateral relationship, except for visa-free
travel between the two countries. Thus, establishing a Free trade agreement
with the Eurasian Economic Union, which includes Russia, is one of the
solutions to reduce the tariff and non-tariff barriers facing bilateral trade.
During
the meeting, Ambassador of the Russian Federation to Mongolia Iskander Azizov
said, “There is no legal, political dispute between our two countries. 100
years of Mongolian-Russian relations are in the interests of both countries. I
agree with what the Prime Minister said. The two countries have developed a
high level of political, humanitarian, defence as well as security cooperation.
But trade and economic cooperation have fallen behind. Mongolia has a favorable
environment for legal regulations of trade and economic relations. It is,
therefore, important to intensify the activities of the trade representative
offices of the two countries.”
The
Ambassador also highlighted the importance of implementing the project for
building the super grid and further expanding cooperation in science and
education.
At
the end of the meeting, the Prime Minister said that he would set up a research
work group with the Eurasian Economic Union, intensifying the efforts to study
the economic feasibility of establishing a free trade agreement.
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