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Trends in foreign trade cooperation between Russia and Mongolia

Author

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  • Yakov Aleksandrovich Suhodolov

    (Institute of Economic Research FEB RAS, Khabarovsk, Russia)

  • Davaasuren Avirmed

    (Association of Mongolian-Russian Business Cooperation, Ulaanbaatar, Mongolia)

Abstract

Russia puts a high priority on developing cooperation with the Asia-Pacific region, which is one of the centers of world economic development. These countries include Mongolia. Russian-Mongolian relations are based on a long-term history of good neighborly relations and traditionally have a multidimensional nature. The article discusses the main aspects of Russian-Mongolian foreign trade relations based on the analysis of the changes in foreign trade turnover in bilateral trade and commodity structure. Currently, there foreign trade cooperation between the countries is weakening. The article also considers the monostructural nature of trade between the two countries, which is very vulnerable. The national interests of Russia and Mongolia in the Russia-Mongolia-China triangle are acquiring special relevance and importance in modern conditions. Implementation of joint projects in the mining and processing industries, modernization of infrastructure and development of tourism could intensify trade, economic and investment relations between Russia and Mongolia.

Suggested Citation

  • Yakov Aleksandrovich Suhodolov & Davaasuren Avirmed, 2019. "Trends in foreign trade cooperation between Russia and Mongolia," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 8, pages 18-30, August.
    • Handle: RePEc:alq:rufejo:rfej_2019_08_18-30
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