Min­istry of For­eign Af­fairs es­tab­lishes In­vest­ment Re­search Cen­ter for eco­nomic cor­ri­dor

The UB Post - - BUSINESS & ECONOMICS -

The Min­istry of For­eign Af­fairs an­nounced that it had es­tab­lished the In­vest­ment Re­search Cen­ter as part of the im­ple­men­ta­tion of projects within the frame­work of the eco­nomic cor­ri­dor be­tween Mon­go­lia, China, and Rus­sia.

The sec­ond tri­lat­eral meet­ing be­tween Pres­i­dent Ts.El­beg­dorj, Rus­sian Pres­i­dent Vladimir Putin and Chi­nese Pres­i­dent Xi Jin­ping saw the Mongolian side pro­pose to es­tab­lish a re­search cen­ter in Ulaan­baatar to im­ple­ment fea­si­bil­ity stud­ies and in­vest­ment op­por­tu­ni­ties for the three coun­tries to launch joint projects in in­fra­struc­ture and in­vest­ment.

A tri­lat­eral meet­ing on Au­gust 29, 2017 in Moscow saw three sides agree to the es­tab­lish­ment of the cen­ter in Ulaan­baatar.

As a part of this, Cab­i­net de­creed the es­tab­lish­ment of the cen­ter to op­er­ate as a sub­di­vi­sion of the Min­istry of For­eign Af­fairs on Septem­ber 13 in or­der to en­sure the im­ple­men­ta­tion of the projects as part of the eco­nomic cor­ri­dor.

The re­search cen­ter will work on the prepa­ra­tion of the 32 projects to be im­ple­mented as part of the eco­nomic cor­ri­dor. The cen­ter’s ac­tiv­i­ties will in­clude draft­ing fea­si­bil­ity stud­ies and con­duct re­search into the rules and pro­ce­dures of the project be­tween the three coun­tries. Rus­sian and Chi­nese coun­ter­part cen­ters will be work­ing to­gether with the cen­ter in Mon­go­lia to ad­vance the projects.

The es­tab­lish­ment of the re­search cen­ter sets the foun­da­tion for a joint re­search cen­ter of the three coun­tries to fur­ther the eco­nomic cor­ri­dor.

Photo by E.KHARTSAGA

Min­istry of For­eign Af­fairs

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