ULAANBAATAR, January 19. /TASS/. The trade volume between Mongolia and Russia surged to a record high of $2.7 bln in 2022, Speaker of the State Great Khural Gombojavyn Zandanshatar said on Thursday.
"Although the total annual trade turnover between the two countries reached an all-time high $2.7 bln, Mongolia still has a high foreign trade deficit," the Speaker of the Mongolian Parliament said, as cited by the press service.
The Chairman of the State Great Khural met a delegation of the Russian State Duma headed by deputy speaker of the lower house of the Russian parliament Aleksey Gordeev. Zandanshatar asked Russian lawmakers to provide support in lowering tariff and nontariff barriers that Mongolia faces in the trade of goods exported to Russia, including wool and cashmere goods.
In turn, Gordeev stressed that the establishment of a mechanism of cooperation between the parliaments of Russia and Mongolia is important for further development of bilateral relations. The head of the Russian delegation also expressed interest in participating in major infrastructural, rail and energy projects underway in Mongolia.