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Mongolia News / Others / June 15, 2016

Cabinet approves draft Mongolia-Russia-China transport agreement

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Draft intergovernmental agreement on “Performing International Transports through Asian Road Network” between Governments of Mongolia, Russian Federation and People’s Republic of China was backed by Cabinet this Monday. The draft is subjected to consent by the corresponding standing committee of the State Great Khural (Parliament).

The agreement sets out a package of required legal regulations for supporting the development of trade and transport of neighboring and other third countries, alleviating trade and transport, ensuring coordination between transportation types, promoting cooperation in transport, and full observance of standards and recommendations of related international institutions in collaborative manners and under common regulations.

Once signed, the agreement will open a new exit for Mongolian transport to reach the third and the global markets.

SOURCE: Montsame

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