President of Mongolia : The President Addressed the Session “the Silk Road Effect”

THE OFFICE OF THE PRESIDENT OF MONGOLIA, PUBLIC RELATIONS & COMMUNICATIONS DIVISION

On the sidelines of the 47th annual meeting of the World Economic Forum, the President of Mongolia Tsakhiagiin Elbegdorj participated in the session themed 'the Silk Road Effect'.

At the session, the parties discussed political and financing issues of the new Silk Road project which connects Asia and Europe and shared their thoughts on the future impacts of the project to the regional integrity.

President Elbegdorj emphasized the importance of using green technology in the construction project of the new Silk Road, for instance, trains that will travel between Asia and Europe should run on renewable energy.

President Elbegdorj noted: 'In 2016, I had a trilateral meeting with the President of Russia Vladimir Putin and the President of China Xi Jinping, where we signed an important agreement on creating economic corridor between the three countries. As you know, Mongolia is located between these two big countries. Mongolia has vast territory of 1.5 million square kilometers and ranks among the top 10 resource-rich nations in the world.

Last year, Mongolia hosted the 11th Asia-Europe Summit /ASEM/ and welcomed the Heads of State and Government of 53 different countries. Concluding the Summit, we adopted the Ulaanbaatar Declaration and one of the core goals of this document was to be connected and to cooperate through the Silk Road. Indeed, Mongolia has a plan to be included in this huge project. Mongolia was one of the founders of the Silk Road. The Silk Road, the ancient trade route between Asia with Europe, was established during the Mongol Empire. As you know, under the leadership of the Chinggis Khaan and the Uguudei Khaan, Mongolians created the largest land empire in world history. Therefore, Mongolians should be included in the Silk Road project and this is one our future ambitions in the region'.