China will deliver a proposal on a general plan for economic cooperation between Mongolia and China within the next month. 

The proposal will be studied by the Mongolian side before a final agreement is made. 

The cooperation agreement was initially discussed during the first meeting of working groups from Mongolia and China held on March 27, in Erlian, and focused on the establishment of a free trade zone at Zamyn Uud-Erlian 

As reported by the Trade Ministry of China, the sides are planning to organize a joint meeting next month.

During his visit to Mongolia last year, President of the People’s Republic of China Xi Jinping said that the sides should reach a decision regarding the establishment of a free trade zone and increase trade between the two countries.

Presently, 70 percent of the total trade turnover of the two countries crosses the border at the Zamyn Uud and Erlian ports.