YEREVAN, AUGUST 30, ARMENPRESS. Eurasian Economic Commission’s Chairman of the Board Tigran Sargsyan had a meeting on August 29 with Ambassador of Mongolia to Russia H.E. Delgermaa Banzragch.

The EEC told ARMENPRESS the sides discussed trade-economic cooperation between the Eurasian Economic Union and Mongolia. Tigran Sargsyan expressed confidence EEU and Mongolia will develop cooperation even more after the MoU signing between the EEC and the government of Mongolia last year.

“For example this isn’t only the export of our Union’s products from Mongolia, but also issues regarding formation of joint enterprises and investment projects. We do not limit the circle of issues which might interest our Mongolian partners”.

In response to the Ambassador’s remarks that the possibility of forming a free trade zone or joining the EEU is being considered in Mongolia, Tigran Sargsyan reflected on his experience. “Three years ago, when I was leading the Armenian government, we also faced a choice – join the EEU or not. At that time we scrutinized everything, discussed the pros and cons. And our decision to join the EEU became very pragmatic, counting all economic parameters”.

The Ambassador of Mongolia said the research group which was planned under the memorandum has been formed and began working, aiming at developing economic dialogue between EEU states and the Mongolian government.

She proposed to discuss the possibility of decreasing import custom tariffs of several Mongolian products, and apply the experience of creating a free trade zone between Vietnam and EEU.

In this regard Tigran Sargsyan said: “Many countries request to sign free trade agreements. Because indeed they view the EEU as a huge market where they can sell their products. In this regard a question always emerges for us – if we maximally open our market, what gains our business. Our working group must find the mutual profit”.