Tax-free supply to EU countries available

2018-06-15 15:51:00
Advisory day for private enterprises which are supplying products to the European Union countries or plan to make export was held on June 14 at the Mongolian National Chamber of Commerce and Industry (MNCCI).
The event was organized for the first time under the EU Trade Related Assistance to Mongolia (TRAM) project with the support of EU. Last year, Mongolia’s export to the EU totaled EUR 67 million,  40 percent of which was non-value added semi-finished products.
Cooperation between Mongolia and EU started in 2005 and Mongolia is eligible to export 7200 items tax free to the EU market. However, only few products such as knitwear, carpet and semi-finished leather are being exported. Therefore, the participants of the event stressed the need to increase the types of products for the EU market export, which accounts for 16 percent of world imports.
Related news