Mongolia has good and friendly relations with all countries of NEA. She has no territorial disputes with any of the neighboring countries. The country plays an active role in international multilateral mechanisms, including the UN, ASEM and the OSCE.

 Mongolia can actively participate in economic cooperation and the integration of Northeast Asia. Mongolia has rich resources of coal, precious metals and energy. Therefore, cooperation is possible in the field of mining, processing and use of mineral resources. To cooperate in this area, Mongolia needs foreign investment. China, Japan and South Korea have the financial resources and technology for cooperation with Mongolia in this area.

The policy of the Chinese government " One Belt, One Way " gives Mongolia a very favorable opportunity for the development of economic cooperation with the region.

China and Mongolia continue to make efforts to promote the integration of the “One Belt, One Way” Initiative and the “Development Path” strategy of Mongolia.

Mongolia, Russia and China signed a memorandum on the creation of economic corridors in 2015. The program is valid for five years from the moment of its signing and is extended for every five years.

 Under the program, the parties agreed on the implementation of 32 projects in the field of infrastructure (modernization of railways, roads and electric networks), as well as industry, the environment, science, agriculture and humanitarian.

Mongolia and Russia agreed to build a gas pipeline through Mongolia to China. It will not only be the biggest project between the three countries but also the Northeast Asia region.

The most pressing issue in Northeast Asia is energy supply. The world's largest producer of oil and natural gas, Russia is the best source of oil and natural gas imports for China, Japan and Korea.

In addition to oil and natural gas, renewable energy is of great importance in increasing energy supply. The renewable energy sector, especially the sun and wind turbines, are intensively developing. For example, in 2017, 70 percent of the world's newly installed electricity generation capacities are renewable. Renewable energy capacity additions in 2020 expanded by more than 45% from 2019, including a 90% rise in global wind capacity (green) and a 23% expansion of new solar photovoltaic installations (yellow).

Worldwide energy production from renewable energy reaches 2195 Gigabit, and 18.2 percent of global energy consumption is supplied from renewable energy sources.

Mongolia has huge reserves of renewable energy. The International Renewable Energy Agency (IRENA) have presented the renewable energy preparedness report, in cooperation with the Ministry of Energy of Mongolia. According to it, some 15 thousand terawatt/hour (15000000 Megawatt Hours) electric power can be produced per year when using our solar and wind energy.

If properly exploits the reserves of Mongolia, the country could become a key supplier of energy to the regional market. International organizations have calculated that energy consumption in Northeast Asia is expected to almost double by 2040.