The ‘Mongolia-Russia Initiative-2018’ series of events has begun in Ulaanbaatar. The purpose of the event is to enrich the strategic partnership of Mongolia and Russia, promote the development of trade, economic and cultural cooperation, strengthen ties between the two governments and business entrepreneurs, discuss new opportunities for cooperation and improve entities and individuals’ understanding of the other country.
 
In frames of the ‘Mongolia-Russia Initiative – 2018’ series of events, Mongolia-Russia Economic Forum is taking place in the State Palace. President of Mongolia Kh.Battulga delivered a speech at the opening ceremony of the Forum, noting that Mongolia is interested in the intensive development of bilateral and trilateral cooperation with Russia. He emphasized that the enrichment of the strategic partnership of Mongolia and Russia with new economic content is of utmost importance and stressed that the Mongolia-Russia-China Economic Corridor Program needs to be intensified. President Vladimir Putin sent his congratulations on opening the important event to promote Russia-Mongolia strategic partnership and highlighted that Russian attaches special significance to the development of Russia-Mongolia relations. In his presentation, Foreign Affairs Minister D.Tsogtbaatar proposed to conclude a Free trade agreement between Mongolia and the Eurasian Economic Union, intensify cooperation between public and private sectors of the two countries and increase the advertising and marketing channels for SMEs in order to make substantial progress in trade and economic cooperation between Mongolia and Russia.