Regional trade and economic cooperation along the China-Mongolia-Russia Economic Corridor

Abstract

We analysed the characteristics of foreign trade for the China-Mongolia-Russia Economic Corridor’ regions. We also examined the commodity and geographic structure of exports and imports of the Economic Corridor regions: the Inner Mongolia Autonomous Region, Mongolia, and the Baikal region of Russia. A large share of Russian and Mongolian exports is made up of raw materials, such as minerals, metals and their low value-added products. Products of the chemical industry, ferrous metals and their products prevail in the commodity structure of the export of Inner Mongolia. The priority in cooperation of these regions is to upgrade transport and cross-border infrastructure to increase transit potential in freight transportation along the planned China-Mongolia-Russia Economic Corridor. Through the Economic Corridor project, these regions can significantly strengthen foreign economic cooperation.