Published
07/22/2026, 13:11On 22 July, the Interim Trade Agreement between the Eurasian Economic Union and Mongolia comes into force, providing for the removal or reduction of customs duties on 367 commodity subheadings. The agreement covers around 90 per cent of bilateral trade and may create new opportunities for Kyrgyz producers.
The agreement has been concluded for a period of three years, with the option of automatic renewal for a further three-year period.
“Unique conditions have been created for suppliers from the Eurasian Economic Union – Mongolia has no other such agreements in the region. Our producers are gaining access to a wide range of food and industrial goods, including dairy products, beverages, confectionery, chocolate, cars, lorries, cosmetics and other consumer goods,” said Andrei Slepnev, Minister for Trade of the Eurasian Economic Commission.
Under the agreement, Mongolian meat products, cashmere and other agricultural and industrial goods will be able to enter the EAEU market on preferential terms.
According to statistics, trade between Kyrgyzstan and Mongolia remains modest for the time being. Between January and May 2026, the volume of bilateral trade amounted to approximately $2.31 million.
Kyrgyzstan’s exports to Mongolia over the five-month period reached $1.99 million, whilst imports from Mongolia totalled $313,000.
Food products formed the bulk of Kyrgyz exports. The largest commodity group was chocolate and other cocoa-containing products, with shipments totalling $942,500. Kyrgyzstan also exported:
In addition, Kyrgyzstan supplied Mongolia with beverages, including alcoholic drinks, as well as certain types of equipment and electronic goods.
Imports from Mongolia were significantly lower. The main item was cheese and curd, totalling $139.4 thousand. Kyrgyzstan also purchased natural resins and gums – $32.6 thousand, hair care products – $20.5 thousand, hosiery – $5.6 thousand, and certain types of transport equipment.
The EEC notes that even before the agreement came into force, businesses on both sides had begun to develop their cooperation more actively. By early 2026, mutual trade between the EAEU countries and Mongolia had grown by approximately a third compared with the same period last year.
It is expected that, following the agreement’s entry into force, the parties will expand cooperation in the agro-industrial sector, increase supplies of meat products, remove technical barriers and develop e-commerce.
For Kyrgyzstan, the agreement opens up opportunities primarily for producers of foodstuffs, light industrial goods and consumer goods, as these categories already account for the bulk of exports to Mongolia.
