Agreements made on infrastructure at meeting of the SCO

A Shanghai Cooperation Organization (SCO) meeting between presidents of its member countries was held on June 9-10, in Ufa, a city 1,000 kilometers from Moscow, where heads of state made agreements on cooperation in developing infrastructure.
The President of Mongolia attended the meeting under Mongolia’s observer status.
Prior to the meeting, President Ts.Elbegdorj said that during the SCO enlarged session he would pay extra attention to adopting and maintaining more creative and mutually beneficial cooperation in the field of infrastructure with neighboring countries, Russia and China.
During the meeting, Mongolia, Russia and China reached an agreement to start research on building an economic corridor between the three countries. Within two months, teams are expected to start researching building an oil pipe line through Mongolia, and to determine whether or not it is equally beneficial if new railroads are built.
During the 15th annual SCO meeting, two agreements between Customs of Mongolia, China Customs, and the Federal Customs Service of Russia were signed. The first agreement was signed to encourage trade development between the three countries, and the second to cooperate in developing border checkpoints.

The agreement with Russian customs will mean that 52 products will no longer have to be checked twice at the border with Mongolia, and the number of products entering Russia from Mongolia will increase.
The exempt products include a variety of equipment and appliances that will not be rechecked by Russian customs officials, and clothing and Mongolian gers will not be rechecked by the Mongolian side.
Mongolia agreed on cooperation with China on digitizing product clearance procedures. The neighbor countries will actively cooperate and China will provide technical support to develop Mongolian border checkpoints and infrastructure.
Russia and China have pressured Mongolia to become a member of the SCO over the last two years. Analysts suggest weighing both the advantages and disadvantages of membership. They say that keeping observer status can win time and strengthen relations with third neighbors, and further decrease the influence of China and Russia on the Mongolian economy.
In its 14-year history, SCO membership has been limited to Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. India and Pakistan have started to advance their status to obtain membership by next year. Analysts say that Russia benefits from more countries becoming members and many believe that strategic membership might mollify China’s influence.
Mongolia was the first to obtain observer status from SCO, which was first established to settle disputes at the border, in 2004.
The 16th annual SCO meeting will be held in Tashkent, Uzbekistan. Russia has given the right to lead the meeting to Uzbekistan according to SCO rules.

Short URL: http://ubpost.mongolnews.mn/?p=15361

Posted by on Jul 21 2015. Filed under Politics. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

4 + = 10

Recently Commented

  • Oyun: www.theblueeconomy.org
  • Honheree: It is a sad and awful sight to see so many animals dead from dzuds. These have happened in the past and since 2004 there have...
  • Harvey Dent: Mongolia does not get 476,000 tourists a year. Its gets 476,000 arrivals, most of these are Chinese construction workers....
  • Honheree: It is good but unusual that a Mongolian is so forthright. I am D. Ganbold will be criticised by Mongolians for telling the...
  • Honheree: Be thankful Mongolia is so cheap. In USA lamb in stores costs 69,281 MNT /kg and sirloin which is cheaper cut of beef is...