The meeting was co-chaired by V.Enkhbold, Director of the Mongolian Foreign Ministry Department of Foreign Trade and Economic Cooperation, Xiao Weiming, Deputy Director of the western development division of the China's National Development and Reform Commission (CNDRC), and Ye.N.Popov, Head of the Asia, Africa and Latin America Department of the Russian Ministry of Economic Development.

The parties initialed a Memorandum of Understanding on setting up a mechanism to accelerate the Economic Corridor’s implementation after coming to an agreement over the document’s context.

In addition, the countries prioritized 32 projects, which are reflected in the Program, and discussed those projects to be realized in the first turn. The parties then included three of them in the Memorandum’s appendix on building up a central corridor of railways and learning a chance for Chinese companies to getting involved in renovation of the electricity network in Mongolia and Russia.

In order to implement the projects in the first turn, the countries concurred to establish a joint center for investment and projection in Ulaanbaatar.

Present at the meeting were representatives and officials from the Mongolian Ministry of Foreign Affairs, the Ministry of Road and Transportation, the Ministry of Energy, the Mongolian Embassy in Russia, the CNDRC, the Chinese Embassy in Russia, the Russian Ministry of Foreign Affairs, the Ministry of Economic Development, the Ministry of Environment, the Ministry of Transportation, the Ministry of Energy and the Russian Railways JSC. 
B.Ooluun