Mongolia zeros out customs tariffs on flour and feed

Published 2024년 5월 6일

Tridge summary

On April 19, 2024, the State Great Khural of Mongolia passed the Law 'On Exemption from Customs Duties', which was followed by the Government of Mongolia's Resolution No. 180 on May 1, 2024. This significant legislative change exempts certain livestock feeds, feed additives, and wheat flour from customs duties, effective from May 1, 2024. The resolution sets a zero customs duty rate for various goods, including feed grains, fodder crops, and specific grades of wheat flour. The implementation of this resolution is assigned to the Ministers of Finance and Food, Agriculture and Light Industry. The primary aim is to stimulate Russian producers, particularly those in border regions, to boost their exports to Mongolia, thereby fostering closer economic ties between the two nations.

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Original content

A list of feed for livestock and animals, feed additives and wheat flour exempt from customs duties has been determined. Based on the Law “On Exemption from Customs Duties” adopted by the State Great Khural of Mongolia on April 19, 2024, Resolution of the Government of Mongolia No. 180 dated May 1, 2024 determined the “List of feed for livestock and animals, feed additives and wheat flour exempt from customs duties.” The Minister of Finance and the Minister of Food, Agriculture and Light Industry of Mongolia have been instructed to take organizational measures to implement this resolution. In the document, which came into force on May 1, 2024, a zero rate of customs duty is established for the following types of goods (according to the Commodity Classification of Foreign Economic Activity): feed rye, oats, barley, corn, rutabaga, leaf beet (chard), fodder root crops, hay, alfalfa, clover, sainfoin, cabbage, lupine, vetch and similar feed products, whether or not granulated, bran, ...

Source: Zol