Mongolia`s concessions to Armenia to involve 98% of exports 

ArmInfo.  On September 11, at a regular meeting, the Government of Armenia approved the draft temporary free trade agreement between the EAEU and Mongolia. The  document was signed on June 27, 2025 in Minsk.

As stated in the explanatory note to the document, the purpose of the  Agreement is to liberalize and simplify trade in goods, including by  reducing tariff and non-tariff barriers, support trade and economic  cooperation, and stimulate the expansion and diversification of trade  between the Parties.

As a result of the implementation of the Agreement, it is planned to  ensure the expansion and diversification of trade between the Parties  to the Agreement, as well as increase the competitiveness of goods of  the EAEU member states in the Mongolian market by increasing export  volumes.

The Agreement regulates a wide range of economic cooperation issues,  in particular, legal and horizontal obligations, simplification and  promotion of mutual trade, customs regulation, sanitary and  phytosanitary measures, e-commerce, dispute resolution and issues  related to other areas.

The Agreement provides for the transparency of regulations applied to  the export and import of goods, as well as compliance with WTO  standards when applying trade protection measures. The Agreement  establishes a list of tariff obligations of the Parties, rules for  determining the origin of goods, features of information exchange  within the framework of the Agreement, etc.

The attached lists of 367 commodity items for each Party, by types of  goods for which the Parties are ready to provide tariff preferences,  are an integral part of the Agreement. The proposals submitted by the  Armenian side mainly include those goods that are of priority  interest for the export of the Republic of Armenia.

"The opening of the Mongolian market will provide Armenian exporters  with more competitive terms for the supply of such products exported  from Armenia as cigarettes (Mongolian rate 30%), cognac (rate 15%),  chocolate (rate 5%), mineral water (rate 5%), canned fruits (rate  5%).

The concessions provided by the Mongolian side to the Armenian side  will cover 98% of exports from Armenia to Mongolia. The average  customs duty rate on goods exported from Armenia to Mongolia will be  reduced from 7.5% to 1.2%. As a result, savings due to customs duty  benefits on exports from Armenia to Mongolia may amount to up to 1  million US dollars per year," the RA Ministry of Economy states.

The agreement provides for a three-year term with the possibility of  extending it for another three years, unless the parties agree  otherwise.

According to customs statistics, Armenia's exports to Mongolia  amounted to $340 thousand in 2024 and $516 thousand in 2023. Imports  from Mongolia to Armenia amounted to $53 thousand and $7 thousand,  respectively.