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Mongolia's Interim Trade Agreement with the Eurasian Economic Union establishes a new preferential trading framework set to take effect on July 22, 2026. The agreement introduces tariff concessions on specified goods, but businesses must navigate strict compliance requirements including precise weight declarations and rules of origin, while understanding that concessions apply only to customs duties and not to VAT or excise taxes.

On 29 September 2020, Mongolia acceded to the Asia Pacific Trade Agreement (APTA) as its seventh member by depositing the instrument of accession after long negotiation and domestic procedures.