AKIPRESS.COM - Mongolian President Tsakhiagiin Elbegdorj has initiated the trilateral summit between China, Russia and Mongolia. The first meeting was held in September in Tajikistan's Dushanbe and the second one will be held in Russia's Ufa this year. CCTV spoke to Mongolian Ambassador to China and found out his views on bilateral ties between China and Mongolia.

"During the meeting, we are going to sign an initiative document this year, so as you see Mongolia can become sort of a transit country between China and Russia, and we can propose our territory and infrastructure to increase the trade between Russia and China and other investment cooperation,” the Mongolian Ambassador to China, Tsedenjav Sukhbaatar said.

CCTV: Chinese president Xi visited Mongolia last year and two countries elevated the strategic partnership to comprehensive strategic partnership, both also agreed to almost double the trade to 10 billion. How's that being implemented?

Sukhbaatar: Two countries have big advantages, first is location. Mongolia is the country with the longest land border among the neighboring countries, we have more than 4,700 long border... giving the opportunity to develop closer economic ties. As we witness, Mongolia's trade with China doubled and tripled reaching around $6 billion. The major export items are mining product like coal, iron, copper and other metals. We want to develop our industry. Chinese side is also helping us. That will increase our trade volume in a substantial way.

CCTV: How to attract Chinese investment?

Sukhbaatar: China has been our biggest trading partner, the biggest investor for years. Chinese companies have advantages because of the geographical location and the most important thing is the political relations. We have close political relation understanding. China has financial resources, China has human resources, experienced and skilled workers and technology in many fields; China's technology is now considered the best in the world.

CCTV: China has also agreed to allow the landlocked Mongolia to use its northern seaports for exports, how's this initiative progressing?

Sukhbaatar: We did have one agreement with China on transportation which allows us to use Tianjin port as Mongolia's main seaport but now we have access to major seaports situated on the Bohai sea and northeast China start from Dalian going all the way Jinzhou, Qinhuangdao, Tianjin – all those ports are open to Mongolia. Since we have other infrastructure like railway and roads, we are now able to use these ports.