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Parliament Ratified Interim Trade Agreement www.montsame.mn
At its plenary session on December 12, 2025, the State Great Khural (Parliament) approved the Interim Trade Agreement between Mongolia and the Eurasian Economic Union (EAEU) and its member states, submitted by the Government. With the ratification of this agreement, conditions have been created for the mutual export and import of 367 types of goods on a duty-free basis.
In addition, Mongolia will be able to import from EAEU member states 367 categories of food products that are not produced domestically, as well as heavy machinery and equipment, chemical fertilizers, and nitrogen-based fertilizers.
The Government considers that the agreement will contribute to increasing non-mining exports, job creation, and overall economic activity. Under the EAEU interim trade agreement, customs clearance can be completed within four hours, and exporters are now able to self-certify certificates of origin for goods valued at up to EUR 5,000. This is expected to have a positive impact on Mongolian enterprises.
The agreement does not cover investment, trade in services, banking and finance, or payment and settlement issues. It is limited strictly to the agreed list of 367 goods. Nevertheless, it offers advantages such as enhanced cooperation between customs authorities, improved efficiency and promptness, resolution of obstacles encountered in foreign trade, and reductions in transaction costs.
The Interim Trade Agreement with Mongolia has been concluded for three years and can be extended for the same period. After the first three years of the agreement, the parties can begin negotiations on a full-fledged free trade zone.
The Member States of the Eurasian Economic Union are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, and the Russian Federation.
The Union is being created to comprehensively upgrade, raise the competitiveness of, and enhance cooperation between the national economies, and to promote stable development in order to raise the living standards of the nations.
Published Date:2025-12-17
