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27 June 2025, 15:03

Mongolia keen on promoting mutually beneficial cooperation with EAEU

MINSK, 27 June (BelTA) - Mongolia is keen on promoting mutually beneficial cooperation with the EAEU, Mongolia’s First Deputy Prime Minister Nyam-Osor Uchral said at a meeting of the Supreme Eurasian Economic Council in Minsk on 27 June, BelTA learned reports.

Nyam-Osor Uchral stressed that Mongolia always attaches great importance to strengthening ties with the Eurasian region. According to him, the EAEU is an important partner for his country, with which it has close trade, economic and cultural ties. 

“We have every opportunity to expand cooperation not only in trade and transport, but also in such areas as politics, green development, digital transformation, science and education,” he said.

At the same time, he noted that Mongolia’s trade with the EAEU is modest and accounts for only 11% of the country’s total foreign trade.

During the summit, the Eurasian Economic Union and Mongolia signed an interim trade agreement. Nyam-Osor Uchral believes that once this agreement is launched, trade between the countries and enterprises will grow.

“Mongolia is eager to promote mutually beneficial cooperation with the member states of the Eurasian Economic Union to ensure reliable supplies of food, energy, raw materials and create new production chains,” he said. 

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