RUSSIA STALLING PROGRESS ON TRANSIT TRANSPORT RATES, MINISTER TELLS MPs

Taking part in a meeting of the Standing Committee on Security and Foreign Policy, Minister for Foreign Affairs and Trade G.Zandanshatar said Russian intransigence was holding up progress on transit transport rates. Replying to a question on the issue from Mrs. S.Oyun, the Minister explained that Mongolia, Russia and China concluded a trilateral agreement on transit transport in 2005 but Russia “has been unwilling” to attend any meeting since then to discuss changes, unless “the revisions it wants are accepted”. Mongolia and China are not agreeable to this.
Another MP, Mr. D.Terbishdagva wanted to know what had happened to the USD300 million loan from China that has been talked about since 2003. Mr. Zandanshatar said China has released only USD40 million of this, to be spent on information technology programs, but Parliament wants it to be used differently, and is yet to take a decision.
Source: English.News.mn
The Business Council of Mongolia aims to advocate increased trade and investment in Mongolia and serve as a forum for dialogue on the important business climate issues. Join us at the Business Council Mongolia Official Website
No votes yet
Archived Comments