"Silk Road" project to give impetus to Mongolia-Azerbaijan co-op

Baku, Azerbaijan, March 13

By Ali Mustafayev – Trend:

The "Silk Road" project will give impetus to cooperation between Mongolia and Azerbaijan, as well as other countries of the region, Mongolian Foreign Minister Damdin Tsogtbaatar said at the first conference of the Silk Road Support Group of the OSCE Parliamentary Assembly in Baku March 13.

"We can not underestimate the importance of the Silk Road, as well as the One-Belt-One Route initiative, which is also part of this route. We are on the threshold of new opportunities, and Mongolia, in this regard, will make the necessary contribution to developing cooperation with the participating countries of this project from China to Europe, actively supported by the OSCE PA, "Tsogtbaatar said.

He further stressed the importance of Azerbaijan's role in the development of the route. In general, he said, the countries that are part of the Silk Road route, and contributing to its development, will get even greater counter contribution, expanding their economic potential.

Back in 2013, China announced a new strategy for economic development " One-Belt-One Route ", aimed at creating infrastructure and establishing links among the countries of Eurasia. The strategy includes two key areas of development: the economic belt of the Silk Road and maritime Silk Road. It is about creating a trade corridor for direct deliveries of goods from the East to the West on preferential terms.