Mongolia, Russia and China agreed to coordinate and intensify economic cooperation between Mongolia's "Development Road" program, China's " Belt and Road initiative", and Russia's "Eurasian Economic Union" policy in 2016. Accordingly, at the initiative of the Presidents of the three countries, the Economic Corridor Program was established, which includes 32 projects for different sectors, namely roads and transportation; industry; borders, customs, quarantine; environment; science, technology and education; humanitarian; agriculture and health .
To support the implementation of the program, the Ministry of Foreign Affairs, the Custom Administration Office and EU TRAM project organized on 12 May 2021 an online workshop on “Facilitating Foreign Trade in the process of China-Mongolia-Russian Economic Corridor: practical evaluation and study”. During the workshop, Prof. N.Otgonsaikhan (Ph.D) and senior officer of CAO D.Tsendsuren (Ph.D) presented the conclusions and recommendations of a research study on “Mongolia-Russia-China Economic Corridor”. More than 100 persons from the Ministry of Foreign Affairs, the Ministry of Road and Transportation, the Customs Administration Office, the General Agency for Specialized Inspection, the Mongolian National Chamber of Commerce and Industry, and the private sector representatives attended the workshop.
The participants exchanged views on trade facilitation measures needed to be adopted within the framework of the Economic Corridor and of relevant international agreements such as the WTO and WCO, and discussed about future activities.