View of Ulaanbaatar. Archival photoVLADIVOSTOK, Apr 27 Against the backdrop of a changing global economy, Mongolia and Russia should work together to seek development incentives and realize their potential more fully, said Ambassador Extraordinary and Plenipotentiary of Mongolia to Russia Ulziysaykhany Enkhtuvshin. Russian-Mongolian Business Cooperation Forum: Trade-Logistics». Representatives of the authorities, the Mongolian Chamber of Commerce and Industry and 14 Mongolian companies arrived in the region. «Today, the global economy is increasingly influenced by political and social factors. The challenges it faces require concerted action for the sake of sustainable and balanced growth. We need to work together to look for additional incentives for development, more fully realize the industrial, scientific, technical, innovative potential of countries and integration structures, respond in a timely manner to changing conditions,” the ambassador said at the opening of the forum. He noted that now the trade turnover between Russia and Mongolia is not very large, Mongolia does not use the full export potential «We want to export more, not play with one goal. There is one problem with Russia — high customs duties and excises. Duties on our export products, for example, cashmere — 46%, leather products — 40%. This affects the price of our goods. On the part of Mongolia, duties are 5% and VAT 10,» the ambassador added.
Trains will start running from Russia to Mongolia
