ASTANA, Kazakhstan, February 12. The Senate
(the upper house of the Kazakh parliament) has ratified the Interim
Trade Agreement between the Eurasian Economic Union (EAEU) and
Mongolia, Trend
reports via the Kazakh parliament.
The agreement establishes a legal framework designed to
facilitate trade liberalization and eliminate technical barriers to
mutual trade.
Set for an initial duration of three years, with the option for
extension, the agreement stipulates the reduction or removal of
import customs duties on a broad array of goods, including grain,
poultry, dairy products, oils, confectionery, metallurgical and
chemical products, and vehicles, among others.
The scope of cooperation also extends to areas such as customs
regulation, e-commerce, technical standards, and sanitary and
phytosanitary measures.
Compliant with World Trade Organization (WTO) rules, the
provisions of the agreement aim to strengthen and sustain trade
relations between the EAEU member states and Mongolia.
The Interim Trade Agreement between the Eurasian Economic Union
and its member states, on one hand, and Mongolia, on the other, was
signed in Minsk (Belarus) on June 27, 2025.
