Mongolia to Enjoy EU’s GSP+ Until 2027

2023-11-28 10:15:45

Ulaanbaatar, November 28, 2023 /MONTSAME. A meeting of the Subcommittee on Trade and Investment under the Mongolia- European Union Joint Commission was held online on November 23, 2023.

During the meeting, the EU side announced that the EU’s Generalised Scheme of Preferences, designed to support good governance and sustainable development in developing countries, was extended until 2027.

The parties highlighted the importance of the GSP+ in increasing Mongolia’s exports through duty-free access of 7200 types of products to the EU market. At the meeting of the Sub-Committee, the parties discussed the current economic situation, trade policy, and investment environment.

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