A business forum between Ulaanbaatar, Ulaantsav and Ulan Ude was held in Mongolia on Thursday (1 November). The forum focused on cooperation between three ‘Red’ cities on economy, trade and investment – in the Mongolian and Buryat languages Ulaan or Ulan means the colour red. The forum, therefore, marks the beginning of future cooperation and the joint development of three cities.

During the forum, mid and long term development cooperation as well as strategic partnership between the cities were discussed and drafted. In addition, policy documents for establishing an economic corridor between Ulaanbaatar-Ulaantsav-Ulan Ude were processed.