Eurasian Economic Union to Sign Free Trade Agreements With Mongolia & UAE End June

Free Trade Agreements between the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE) and Mongolia will be signed in Minsk in late June, Belarusian Deputy Foreign Minister Pavel Utyupin has said. Belarus currently holds the chairmanship of the EAEU, which also includes Armenia, Kazakhstan, Kyrgyzstan, and Russia.

Utyupin was quoted in Belarus Segodnya as saying, “It is a great honor to the Republic of Belarus that agreements with such significant trade partners of the EAEU as the United Arab Emirates and Mongolia will be signed in Minsk on June 27, 2025, after the meeting of the Supreme Eurasian Economic Council. The signing of these agreements will be good for all sides. As for Belarus, the agreed tariff concessions cover more than 90% of Belarus’ bilateral trade with Mongolia and the Emirates, which will further strengthen and develop our trade-economic ties with these countries.”

He added that a proposed EAEU free trade agreement with Indonesia is in a high degree of readiness. “There is hope that the agreement will be signed before the end of this year,” Utyupin said, while talks on signing a trade agreement with India are expected to intensify in the near future. The bloc has an additional FTA with Iran, Serbia and Vietnam.

It was reported that the EAEU member states are also working with the Eurasian Economic Commission to approve new prospective partners in the trade talks. States and integration associations from Southeast and South Asia, the Middle East, and Africa are all now under consideration.

Utyupin said, “A decision on the start of the talks has not been made yet; I cannot name specific countries. But I can say precisely that we approach selection of trade partners very carefully; we conduct a comprehensive analysis of trade flows and international transport corridors, and we forecast benefits and potential risks to all five member states because trade agreements are eventually aimed at further strengthening the Eurasian Economic Union.”