Mongolia to Enjoy EU’s GSP+ Until 2027Politics
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.
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.