An archive photo
MOSCOW, 2 July (BelTA) – The Eurasian Economic Union (EAEU) and Mongolia have completed negotiations on a temporary trade agreement; it might be signed by the end of this year, BelTA learned from the Eurasian Economic Commission (EEC).
“The first round of negotiations on the temporary trade agreement between the Eurasian Economic Union, its member states and Mongolia was held in Ulaanbaatar. The talks produced some definitive outcomes. The draft document, including agreements on reducing or eliminating duties on a limited range of goods was prepared in record time,” the EEC said.
“It was strategically important to expand cooperation through the conclusion of the temporary trade agreement between the EAEU and Mongolia, as it will create additional incentives to step up and diversify trade and make goods more competitive in each other’s markets. In addition, we expect closer integration of the EAEU countries and Mongolia into regional and global value chains,” said Member of the EEC Board (Minister) for Trade Andrey Slepnev.
“The parties expressed their plans to sign the agreement before the end of this year,” the EEC added.
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