Mongolia to export certain goods tariff-free to EAEU countries
Baku, April 4, AZERTAC
Mongolia and the Eurasian Economic Union have held the third round of negotiations on the "Concluding the Interim Free Trade" Agreement and agreed on products to be supplied duty-free and with reduced tariffs, according to MONTSAME.
A total of 367 types of goods will be exported duty-free from Mongolia to the countries of the Eurasian Economic Union (Russia, Kazakhstan, Belarus, Armenia, Kyrgyzstan). Specifically, 29 types of meat and meat products, 60 types of leather products, 204 types of wool and cashmere products, and 73 types of other agricultural products will be duty-free. This will allow exporting entities of Mongolia to be exempted from customs duties of USD 16.6 million per year.
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