Mongolia|business|May 29, 2018 / 12:48 PM
Mongolia, Russia to seek free trade agreement

AKIPRESS.COM - Mongolia and Russia have agreed to work toward a free trade agreement (FTA) to expand bilateral economic cooperation, Mongolia's Foreign Affairs Ministry said Tuesday.

The agreement was reached during a recent meeting between Mongolian Foreign minister Damdin Tsogtbaatar and his Russian counterpart Sergey Lavrov in Moscow.

Tsogtbaatar made an official visit to Russia on May 16-18.

The two nations have already begun joint research on an FTA outline.

Mongolia and Russia expect the free trade agreement to bolster two-way trade and investment, and deepen bilateral ties.

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