Ministry of Foreign Affairs of Mongolia

MONGOLIA – CHINA – RUSSIA “ECONOMIC CORRIDOR”

ASIA-EUROPE BUSINESS FORUM 2016.07.13-14 Ulaanbaatar, Mongolia

www.mfa.gov.mn Ministry of Foreign Affairs Mongolia “Steppe Road” Initiative of Mongolia

Trade turnover in 2015 = USD 80 bln.

Russia Population = 143.5 mln. GDP = USD 2.0 trln.

China Population = 1.3 bln. GDP = USD 9.2 trln.

Trade turnover in 2020 (projected) = USD 200 bln.

www.mfa.gov.mn Ministry of Foreign Affairs Mongolia, China, Russia Summits of Mongolia

First Summit (September 2014, Dushanbe)

• Focus on economic cooperation

Second Summit (July 2015, Ufa, Russia)

• Agreed to create Economic corridor

Third Summit (June 2016, Tashkent)

• Signed the Program of China-Mongolia- Russia Economic corridor

www.mfa.gov.mn Ministry of Foreign Affairs Mongolia, Russia, China “Economic corridor” of Mongolia

Russia: EAEC REPR corridor

Mongolia: Steppe Route

China: Silk Road OBOR

www.mfa.gov.mn Ministry of Foreign Affairs Silk Road Corridors of Mongolia 5 corridors spanning over 65 countries, covering 4.4 billion people and accounting for 40% of global GDP

www.mfa.gov.mn Ministry of Foreign Affairs Program of Trilateral Economic Corridor of Mongolia

The Program • Goals • Principles • Mechanisms

Fields of Cooperation: • Transportation infrastructure • Cooperation in industrial sector • Development of border- crossing points • Facilitation of trade and inspection procedures • Cooperation in energy sector • Environment and ecology • Education, science and technology cooperation • Humanitarian • Agriculture

www.mfa.gov.mn Ministry of Foreign Affairs Railway Transit Corridors of Mongolia

Eastern Corridor Western Corridor Central Corridor

www.mfa.gov.mn Ministry of Foreign Affairs Road Transit Corridors of Mongolia

AH-4 Eastern Corridor

AH-3

www.mfa.gov.mn Ministry of Foreign Affairs Railway Transit through China of Mongolia

Tariff discounts

www.mfa.gov.mn 9 Ministry of Foreign Affairs Railway Transit through Russia of Mongolia

Tariff discounts

www.mfa.gov.mn 10 Ministry of Foreign Affairs Other Transit Corridors of Mongolia

. Gas pipeline . Oil pipeline . Digital infrastructure

www.mfa.gov.mn Ministry of Foreign Affairs Program Financing of Mongolia

Sponsors: . Government . Private . PPP Financing Sources: . Asian Infrastructure Investment Bank . BRICS New Development Bank . SCO Interbank Consortium . Silk Road Fund . Other national and multilateral financial institutions

www.mfa.gov.mn Ministry of Foreign Affairs Investment Planning Center of Mongolia

National Development Ministry of Economic Ministry of Foreign and Reform Commission, Development, Russia Affairs of Mongolia China

INVESTORS FINANCIAL INSTITUTIONS

COMPANIES www.mfa.gov.mn Ministry of Foreign Affairs of Mongolia

Thank you!

www.mfa.gov.mn 14