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The Russian government has approved the submission to the State Duma of a package of documents for the ratification of the EAEU-UAE Economic Partnership agreement. Preferential treatment has been declared for 96% of Russian exports. The average duty on Russian products should decrease from 4.7% to 1.4%, and the EAEU tariffs for the UAE from 6.6% to 1.5%.

The ratification of the trade agreement between the EAEU and Mongolia opens up new opportunities for Russian and Mongolian businesses. The reduction of duties, simplification of customs procedures and expansion of commodity lists create the prerequisites for a twofold increase in mutual trade by 2030 and the strengthening of economic ties between the two countries.