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China, Russia, Mongolia ink agreement on economic corridor
June 23, 2016, 3:36 pm

Russian President Vladimir Putin Chinese President Xi Jinping (centre) and President of Mongolia Tsakhiagiin Elbegdorj [Image: PPIO]

Russian President Vladimir Putin with Chinese President Xi Jinping (centre) and President of Mongolia Tsakhiagiin Elbegdorj [Image: PPIO]

The leaders of Russia, China and Mongolia – Vladimir Putin, Xi Jinping and Tsakhiagiin Elbegdorj – adopted a program of building an economic corridor between the countries following a three-party meeting.

The three countries also inked an agreement between respective custom departments “on mutual recognition of customs inspection results with regard to particular categories of goods” said a Kremlin statement.

The program of an economic corridor between the Russian Federation, China and Mongolia includes some 30 projects. Land-locked Mongolia will become a transit corridor linking China and Russia. The aim is to strengthen transport, logistics and trade in the region.

Putin, Xi and Elbegdorj are in Tashkent to attend a SCO Summit.

The agreement is expected to boost the new Silk Road, President Xi Jinping’s signature initiative to build an intercontinental web of infrastructure and trade links with China at the center.

During their bilateral talks later this week, Putin and Xi are expected to unveil practical ways of aligning the so-called Silk Road Economic Belt and 21st-Century Maritime Silk Road — or “One Belt, One Road” with the Russia-led Eurasian Economic Union.


TBP and Agencies

2 Responses to China, Russia, Mongolia ink agreement on economic corridor

  1. Petralha Reply

    June 23, 2016 at 5:40 pm


  2. VDragonHQ Reply

    June 28, 2016 at 4:04 am

    Well, the New Silk Road is actually taking shape. With regional cooperation as well – that’s impressive. This is of course realizing a multi-polar world where non- Western countries (and their willing partners like Japan, etc.) will no longer predominate. Ideally, this sounds good – that not one power dominates, especially one so militarisitic as America. Let’s hope that we’re are all better off for multipolarity. I certainly hope so.

    But perhaps the biggest obstacle to cooperation and limited resources. is overpopulation. With no end of geometric population increases, couldn’t the world use a global 1-child policy? And let those able- body, mentally acute “65+ seniors” back in the work force to compensate for the shortfall in new workers/professionals?

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