Cabinet approves Mongolia-Russia-China transport agreement
Cabinet approves draft Mongolia-Russia-China transport agreement.
Cabinet approves draft Mongolia-Russia-China transport agreement. It is an intergovernmental agreement on performing international transportations through the Asian Highway Network which was earlier signed by the governments of Mongolia, Russia and China. The agreement sets out a package of required legal regulations for supporting 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 the standards and recommendations of the related international institutions. Once approved, the agreement will open a new exit for Mongolian transport to reach the global markets.
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