“China-mongolia-russia Economic Corridor”
idea of the China-mongolia-russia Economic Corridor (CMREC) was proposed by President Xi Jinping on September 11, 2014 during the first trilateral meeting of the three heads of state in Dushanbe, capital of Tajikistan, and was welcomed by Russian President Vladimir Putin and Mongolian President Tsakhiagiin Elbegdorj. On June 23, 2016, the three countries put pen to paper on a development plan for the proposal, the first multilateral cooperation plan to form part of the Belt and Road Initiative.
As an important component of the Silk Road Economic Belt, the CMREC aims to align China’s Belt and Road Initiative with Russia’s proposal for the Eurasian Union and Mongolia’s Steppe Road program. It creates an overarching platform to tap the potential and strengths of the three parties to expand development opportunities beneficial to all, promote regional economic integration, and enhance their collective competitiveness in the international market. The CMREC has two key traffic arteries: one extends from China’s Beijing-tianjin-hebei region to Hohhot and on to Mongolia and Russia; the other extends from China’s Dalian, Shenyang, Changchun, Harbin and Manzhouli to Russia’s Chita. Seven major areas of cooperation are envisaged: transport infrastructure and connectivity; port construction, and customs and border inspection and quarantine services; industrial capacity and investment; trade; cultural and people-to-people exchanges; environmental protection; and cooperation with adjacent regions. Transport is the main focus.