The Interim Trade Agreement between the Eurasian Economic Union (EAEU) and Mongolia is set to come into effect on July 22, 2026, according to a recent announcement by the Eurasian Economic Commission (EEC).
The announcement was jointly made by Andrey Slepnev, Minister of Trade of the Eurasian Economic Commission, and Jadamba Enkhbayar, First Deputy Prime Minister and Minister of Economy and Development of Mongolia.
Under the agreement, customs duties on 367 commodity subheadings will either be reduced or completely eliminated for both sides, aiming to strengthen bilateral trade relations and improve market access across multiple sectors.
The agreement was originally signed on June 27, 2025, on the sidelines of the Supreme Eurasian Economic Council meeting held in Minsk.
According to an official release from the EEC, both parties have already prepared a comprehensive action plan to ensure the smooth and effective implementation of the trade agreement once it enters into force.
The interim agreement will remain valid for an initial period of three years, with the possibility of an automatic extension for another three years.
Additionally, within one year after the completion of the first three-year term, both sides are expected to begin discussions on revising the agreement further to simplify trade procedures and gradually remove remaining duties and restrictive trade measures.
Industry observers believe the agreement could enhance regional economic cooperation and create new opportunities for exporters, manufacturers, and supply chain stakeholders across Eurasian and Mongolian markets.
