Interim Trade Agreement with Mongolia to come into effect on July 22, 2026

22.05.2026

Trade

Andrey Slepnev, Minister in charge of Trade of the Eurasian Economic Commission, and Jadamba Enkhbayar, First Deputy Prime Minister and Minister of Economy and Development of Mongolia, declared that the Interim Trade Agreement between the Eurasian Economic Union and Mongolia would come into effect on July 22, 2026.

During the meeting, Andrey Slepnev handed Dulamuren Davaa, Ambassador Extraordinary and Plenipotentiary of Mongolia to the Russian Federation, the Eurasian Economic Commission’s note confirming that the EAEU had completed the procedures required for enacting the Interim Trade Agreement. As for Mongolia, the relevant procedures had already been completed.

“A new era of cooperation between the Eurasian Economic Union and Mongolia is beginning. It is important to make the most of the opportunities available to us,” Andrey Slepnev emphasized.

The parties have prepared an action plan to ensure the efficient implementation of the Agreement, and its implementation has already begun.

“We believe that today’s meeting is not only an event that officially marks the upcoming entry into force of the Agreement, but also an important starting point for filling its implementation with practical content,” emphasized Jadamba Enkhbayar, who participated in the dialogue via videoconferencing.

A joint statement was signed following the meeting.

The Interim Trade Agreement between the Eurasian Economic Union and its Member States, on the one part, and Mongolia, on the other part, was signed on the sidelines of the Supreme Eurasian Economic Council's meeting on June 27, 2025 in Minsk. Once the Agreement comes into force, customs duties on 367 commodity subheadings will be zeroed or reduced for each party.

The Agreement is concluded for a period of three years with possible automatic renewal for another three-year period. Within one year following the expiration of the first three-year period, the parties will start revising the Agreement to simplify procedures and abolish duties and other restrictive rules covering substantially all trade.