Mr Putin first met with Mr Enkhbayar one-on-one and then the two leaders were joined by their respective delegations.
One of the main subjects on the agenda at the talks is developing trade and economic and investment cooperation. Bilateral trade between the two countries came to $466 million in 2005 – a 70 percent increase over the last five years. Mongolia’s exports to Russia have increased by 80 percent over this time, while Russia’s exports to Mongolia have risen by only 8 percent.
Mr Putin noted the high level of contacts between the two countries and called for measures to correct the bilateral trade imbalance.
The talks concluded with the signature of the Moscow Declaration. The two leaders also signed an agreement on procedures relating to their common border.
The two presidents witnessed the signing of a number of agreements on deepening cooperation in trade and economic relations, transport, and the humanitarian and information spheres. Russia’s Emergency Situations minister and his Mongolian counterpart signed a protocol on intensifying contacts between their respective agencies.
The two leaders made press statements following the talks.
Mr Enkhbayar invited Mr Putin to visit Mongolia at a time that would be convenient for him, and Mr Putin accepted the invitation and expressed his thanks.