Ulaanbaatar
Program on building of economic corridor backed
PoliticsUlaanbaatar /MONTSAME/ The cabinet meeting held Monday authorized L.Purevsuren, the Minister of Foreign Affairs, to sign a program on establishing the Mongolia-Russia-China economic corridor.
It was initiated by the Mongolian President Ts.Elbegdorj during a trilateral meeting of leaders of Mongolia, Russia and China held in 2014 for boosting the trilateral cooperation in trade, economy, infrastructure and investment areas.
At the 2nd high-level meeting of the State leaders in 2015, the countries concurred to create the Economic corridor in compliance with the “Steppe road” project of Mongolia, the “Economic zone of Silk Road” initiative of China and the Eurasian Economic Union (EEU).
Designed in accordance with the agreements reached, the project sets out 32 objectives of expanding the cooperation in constructions of infrastructure, corridors of auto-roads and railways, transit-transport and industry, facilitating border controls, intensifying the cooperation in the fields of energy, tourism, environment, education, agriculture, health, humanity and sciences.
The project is expected to be signed on June 23 in Tashkent, Uzbekistan.
