Kazakh parliament ratifies interim trade agreement between EAEU and Mongolia

ASTANA. Feb 12 (Interfax) - The Senate, the upper house of Kazakhstan's parliament, ratified on Thursday an interim trade agreement between the Eurasian Economic Union (EAEU) and Mongolia.

The law had earlier been approved by the lower house, the Majilis, and will now be sent to the president of Kazakhstan for signature.

The agreement was signed in Minsk on June 27, 2025, and aims to expand and strengthen trade ties between EAEU countries and Mongolia, while creating favorable conditions for Kazakh exports to the Mongolian market.

Under the agreement, the sides commit to tariff concessions, introducing a free-trade regime for a limited range of goods and reducing or eliminating import duties, while preserving the right to apply the national legislation in line with the 1994 General Agreement on Tariffs and Trade.

The document also requires compliance with World Trade Organization rules on technical regulations and sanitary and phytosanitary measures.

"The agreement eliminates import duties on 367 product categories and is concluded for three years with automatic extension for another three years. After the first three years, we will begin negotiations on a full-fledged free trade agreement," Deputy Trade and Integration Minister Zhanel Kushukova said earlier.