The conclusion of an agreement on a free trade area between Mongolia and the Eurasian Economic Union(EEU) will contribute to further expansion of the economic relations between Moscow and Ulaanbaatar, Russian Foreign Minister Sergey Lavrov said on Tuesday following a meeting with his Mongolian counterpart, B.Battsetseg.

The meeting took place as part of the Mongolian minister’s official visit to Russia. The talks focused on the bilateral Russia-Mongolia agenda, with the emphasis on trade, transport, energy and humanitarian issues, as well as cooperation at regional and international levels.

“Negotiations continue between Mongolia and the Eurasian Economic Commission on the possibility of concluding an agreement on a free trade area, which, of course, would contribute to further expanding our economic ties,” Mr Lavrov said at a joint press conference.

The sides also expressed support for stepping up the activity of the intergovernmental trade and economic commission, whose co-chairmen last met via video link in March. (Sputnik)