Astana and Ulaanbaatar aim to increase bilateral trade to $500 million. This was announced at the 10th meeting of the Kazakhstan-Mongolia Intergovernmental Commission. Last year, trade between the two countries grew by 8% to $133.5 million, with $123 million coming from Kazakhstan’s exports. Kazakhstan is also ready to increase agricultural exports to Mongolia, with a focus on processed food products with high added value. The temporary trade agreement between the EAEU and Mongolia, which entered into force in July 2026, is also expected to help strengthen trade and economic ties.
«Over the first seven months of this year, trade in agricultural products grew by a further 11% to $15.3 million. At the same time, there is significant potential for further growth. We are interested not only in increasing trade volumes, but also in joint processing, establishing new production facilities, and promoting high value-added products. Therefore, we propose developing a list of specific investment projects of mutual interest and ensuring their support at the level of the relevant government authorities,» said Aidarbek Saparov, Kazakh Minister of Agriculture.
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