Mongolia casts net wider to balance trade ties

Oyundelger 2017-09-06 07:09

Politics

Mongolia's foreign policy places relations with China and Russia, and participation in regional economic integration matters.

Mongolia casts net wider to balance trade ties. Mongolia's foreign policy places relations with China and Russia, and participation in regional economic integration matters. Mongolian President Battulga's recent visit to Russia allows him to put these ideas into practice. At the EEF, Mongolia voiced the interest to develop exchanges with its two neighbors - China and Russia, and also with its two important "third neighbors" - Japan and South Korea. Through EEF, Mongolia can interact with more than one important trade partner to promote its own participation in regional economic integration in Northeast Asia. Therefore, President Battulga sees the EEF as an important opportunity to practice the diplomatic thinking of "economic priority." To develop balanced and equal bilateral relations with China and Russia, one of Mongolian President’s short-term ambitions was to enhance the level of Mongolian-Russian economic and trade cooperation to match levels currently enjoyed between Mongolia and China.