Deputy PM holds official meeting with his Russian counterpart

2021-10-22 17:20:54

Ulaanbaatar/MONTSAME/. On the occasion of the 100th anniversary of the establishment of diplomatic relations between Mongolia and the Russian Federation, a delegation led by Deputy Prime Minister of the Russian Federation A.L. Overchuk is in Mongolia on a working visit between October 21 and 22.

Today, October 22, Deputy Prime Minister of Mongolia S. Amarsaikhan received his Russian counterpart A.L. Overchuk at State House.

At the outset of the meeting, Deputy PM S.Amarsaikhan emphasized that the peoples of Mongolia and Russia are united by good neighbors’ mutual trust and respect and strong friendship. The two sides expressed their commitment to pay more attention to expanding and intensifying bilateral trade and economic cooperation in the next 100 years.

Within the framework of intensifying bilateral trade and economic cooperation, the parties discussed the implementation of comprehensive measures such as modernization of the central railway corridor, expansion of Thermal Power Plant-III, Bogdkhan Railway Bypass Line project, gas pipeline project, as well as the modern equipment supply to border ports and improvement of infrastructure.

The parties also concurred to continue their efforts to organize the 23rd regular meeting of the Intergovernmental Commission, which is a main mechanism of Mongolia-Russia trade and economic cooperation, within this year.

Mr. Amarsaikhan said that the Government of Mongolia has set a goal to remove the country's over-dependence on the mining sector, develop non-mining exports, and establish an export-oriented economic structure, in addition to ongoing successful implementation of the Mongolia-Russia-China Economic Corridor Program.  He thanked Russia for its continued support.

As inter-regional cooperation, especially the Mongolia-Eurasian Economic Union free trade agreement, is significant to achieve the goal to have an export-oriented economic structure, the parties decided to review the joint study on the possibility of concluding the agreement in the near future.


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