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The Cabinet held its meeting today (June 14) and discussed the proposal submitted my M.Zorigt, Minister of Road and Transportation on launching new transportation gateway. 

The Cabinet supported the project called “Intergovernmental agreement on performing international transportation through Asia road network” signed between Mongolia, Russia and China. The project shall be submitted to the Standing Committees for discussion.

The agreement shall ensure the legal regulations to develop trade, transportation and economic relations between countries along with to ensure communications of transport media, support cooperation in auto transportation and to comply with international standards and regulations.

Sign off of the agreement shall allow Mongolian logistics and transportation companies to provide logistic services to third countries enter to the global market and launch transportation gates. It will also ensure to organize transportation within TIR convention to organize transportation between Mongolia and third countries.

With the agreement Mongolia’s foreign trade scope shall expand and positively affect Mongolian economy, Minister said as well as to reduce trade, transportation, customs, tax and insurance difficulties.

Монгол эхийг унших бол энд дарж орно уу

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