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Economy / Featured News / Mongolia News / Politics / January 15, 2015

Agreements on the Mongolia-China transport approved

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Agreements to ship out and hold transit transportation via Chinese territory have been concluded between the Mongolian and Chinese governments and approved by the Cabinet.

Due to the rapid increase of mining production in Mongolia and new economic conditions, with the goal to secure the opportunity to export Mongolian goods to third markets, Mongolia faces the necessity to open its gateways to seaports.

The two countries have agreed on beneficial conditions concerning volumes, tariff discounts, tax conditions, and terms  regarding the railway transportation of Mongolian goods through China. Moreover, it was agreed upon to increase the number of seaports  which will be used by Mongolia, including the utilization of seven seaports: Dandong, Dalian, Jinjou,Yingkou, Qinhuangdao, Huanghua, and Tianjin in north western China, which are close to the foreign trade centers in the region.

Progress in the development of the diplomatic relationship between the two countries will significantly contribute to  mutual economic, trade and transportation sector development and mark a new era of relations between the two countries.

SOURCE: News.mn




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