Foreign minister L.Purevsuren reported to press on the Meeting of Council of Heads of State of the Shanghai Cooperation Organisation /SCO/ in Tashkent, Uzbekistan, and the third trilateral meeting between the heads of state of Mongolia, Russia and China.
Trilateral meeting was first initiated by president of Mongolia and held it's first meeting on September 11, 2014, in Dushanbe, Tajikistan. The third trilateral meeting signed the memorandum of understanding on establishing "Economic corridor" between Mongolia, Russia and China.
"Economic corridor" agreement mainly covered transportation sector. China proposed some 190 projects but Mongolia expressed it's interest and finally settled on 32 projects." said FM L.Purevsuren.
The 32 projects reflects some key areas of development in Mongolia such as transit railway, new corridor, and high speed internet lines, as well as future gas and petroleum pipelines etc.
President Ts.Elbegdorj proposed some main principles to follow for the implementation of these projects. These are equality, Mongolia to be centre for trilateral cooperation, projects' investment planning center to be established in Ulaanbaatar.
"Transit transport is becoming an important issue in 'Economic Corridor' project between the three countries. President Putin said Russia will increase the railway's throughput capacity to 100 million tonnes of freight a year. At the moment, our railway capacity does not reach even 5, 6 million tonnes. 100 million tonnes is tremondous goal." notes the FM.
Also presidents signed an agreement on mutual recognition of customs inspection result. This enables the trilateral customs authorities to cooperate directly.
Russia and China supported Mongolia to host the fourth trilateral meeting of heads of state between Mongolia, Russia and China, and Russia in Ulaanbaatar next year.
Foreign minister L.Purevsuren reported to press on the Meeting of Council of Heads of State of the Shanghai Cooperation Organisation /SCO/ in Tashkent, Uzbekistan, and the third trilateral meeting between the heads of state of Mongolia, Russia and China.
Trilateral meeting was first initiated by president of Mongolia and held it's first meeting on September 11, 2014, in Dushanbe, Tajikistan. The third trilateral meeting signed the memorandum of understanding on establishing "Economic corridor" between Mongolia, Russia and China.
"Economic corridor" agreement mainly covered transportation sector. China proposed some 190 projects but Mongolia expressed it's interest and finally settled on 32 projects." said FM L.Purevsuren.
The 32 projects reflects some key areas of development in Mongolia such as transit railway, new corridor, and high speed internet lines, as well as future gas and petroleum pipelines etc.
President Ts.Elbegdorj proposed some main principles to follow for the implementation of these projects. These are equality, Mongolia to be centre for trilateral cooperation, projects' investment planning center to be established in Ulaanbaatar.
"Transit transport is becoming an important issue in 'Economic Corridor' project between the three countries. President Putin said Russia will increase the railway's throughput capacity to 100 million tonnes of freight a year. At the moment, our railway capacity does not reach even 5, 6 million tonnes. 100 million tonnes is tremondous goal." notes the FM.
Also presidents signed an agreement on mutual recognition of customs inspection result. This enables the trilateral customs authorities to cooperate directly.
Russia and China supported Mongolia to host the fourth trilateral meeting of heads of state between Mongolia, Russia and China, and Russia in Ulaanbaatar next year.