CABINET SUPPOTS OUTCOME OF INTERGOVERNMENTAL COMMITTEE MEETING

Ulaanbaatar /MONTSAME/ The cabinet meeting on November 1 approved the results of the 18th regular meeting of the Mongolian-Russian intergovernmental committee on cooperation on trade, economy, science and technology, which was held this October 13-15. The cabinet told the Deputy PM and a head of the Mongolian part of the committee D.Terbishdagva to approve a plan of measures to be taken on the outcome of the committee's 18th meeting and to control its realization, and considered that it had contributed to forwarding of the actions agreed during the working visit of Russian President V.Putin to Mongolia, "because it discussed a realization of decisions of the 17th meeting and focused on a broad range of issues such as Mongolia-Russia cooperation in trade, economy, infrastructure, finance, mining, energy and humanitarian sectors". For instance, the sides had agreed to cooperate in developing an action plan for the joint measures toward deepening the trade and economic cooperation in 2015-2020, to issue soft-term loans of RUB 50-100 billion to our Government, to provide favorable legal condition for conducting a trade in national currencies, the cabinet noted. The committee's 18th meeting had also decided how to improve a production efficiency of Erdenet Mining Corporation and “MongolRosTsvetmet” LLC, to establish a working group for developing the recommendations of operations of Mongolian "Asgat" silver deposit in order to commercialize its riches, to hold a joint meeting of professional researchers in 2015 to have then exchange view on impact on environment of a construction and commission of the "Shuren" hydro power station, to activate a renewal of of the intergovernmental agreement of 1949 on establishing joint venture of Ulaanbaatar Railways, to conclude within 2014 a draft agreement between the two Governments on transit transportation by railroads, to deliver the Mongolian products to the third countries through Russia’s far-eastern ports, to invest in the Rajin port of North Korea and organize a trial transportation of coal through this ports.