Kyrgyzstan’s parliament has approved in the first reading a bill to ratify a temporary trade agreement between the Eurasian Economic Union (EAEU) and Mongolia, a move expected to lower tariffs and boost trade across key sectors.

The agreement, signed on June 27, 2025, in Minsk, was presented to lawmakers by Deputy Minister of Economy and Commerce Choro Seyitov during a meeting of a committee of the Jogorku Kenesh (parliament), The Caspian Post reports via Kyrgyz media.

Tariffs to be Reduced on 367 Categories of Goods

According to the government, the deal envisages mutual reductions in customs duties on 367 positions. The agreement is designed as a temporary measure and will remain in force for three years. If both sides meet the agreed conditions, it can be extended for an additional three-year period.

The initiative aims to facilitate trade flows and improve market access for agricultural products, food items, and industrial equipment between EAEU countries and Mongolia.

Meat, Fruits, Vegetables, and Equipment Included

During the parliamentary discussion, lawmakers asked whether key food products such as meat and beans were included in the preferential tariff list. Seyitov confirmed that meat products are covered by the agreement.

He noted that meat imported from Mongolia is currently cheaper and expressed confidence that reduced tariffs could benefit consumers and help stabilize prices in Kyrgyzstan.

The approved list of goods also includes vegetables, fruits, beans, and various types of machinery and equipment.

Step Toward Deeper Regional Economic Integration

The temporary agreement is seen as part of broader efforts to strengthen economic cooperation between the Eurasian Economic Union and Mongolia, opening new opportunities for trade expansion and supply diversification.

Following approval in the first reading, the bill will proceed through further parliamentary stages before final ratification. If fully adopted, the agreement could enhance Kyrgyzstan’s access to affordable imports while supporting regional economic integration and trade growth.