AKIPRESS.COM - The Transit Mongolia-2017 road and transportation forum will take place in Beijing on April 7. The forum is being organized by the Ministry of Road and Transport of Mongolia in cooperation with Ulaanbaatar Railways JVC, reports news.mn.

Mongolia, which has a long border with China and offers important road and rail links to Russia and beyond, is set to become an important transportation “bridge” between Asia and Europe. Freight between China and Russia as well as China and Europe passing through Mongolia is set to rise as the route is considered by many as the most economically efficient route.

China aims to increase the volume of trade with Europe to $ 1 trillion by 2020 and to Russia to $ 200 billion. In this connection, China needs to secure faster trade routes. Container shipments travelling by sea are two to three times slower than by rail. China is, therefore focusing on developing rail and road transit between to and from Europe.