Mongolia Bets on an EAEU Trade Deal. Will It Broaden the Economy or Deepen Old Risks?
- Amar Adiya
- 18 hours ago
- 2 min read
Mongolia is launching a three-year interim free trade agreement with the Russia-led Eurasian Economic Union. Signed in June and ratified in December 2025, the pact grants duty-free access for 367 specified goods.
It is framed as a controlled experiment. The aim is to test Mongolian exporters in a larger market without overwhelming domestic producers.
The design favors Mongolia’s traditional, labor-intensive sectors. Meat and animal products, including horse meat, beef, and canned goods, now enter the EAEU and particularly Russia at zero duty, replacing tariffs of 15% to 50%.
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