Submitted by MONTSAME on

Mongolia-Japan Economic Partnership Agreement came into force on June 7, 2016. According to this agreement, the customs tariff has reduced for 5,700 kinds of products made in Mongolia as well as about 9,300 goods made in Japan.
Moreover, the customs tariff for 3,423 kinds of products imported from Japan and the customs tax for 8,004 kinds of products supplied to Japan were reduced to zero.
An annual turnover of Mongolia-Japan trade reaches approximately USD 300-500 million which accounts for 3-4% of the total external trade of Mongolia. It is projected that the EPA will boost the bilateral trade by 50-60 per cent in the next two years.
As of today, Mongolia is exporting to Japan certain types of products such as sea buckthorn, processed leathers, cashmere, woolen and knitted products.

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