Mongolia to Join Asia Pacific Trade Agreement
Mongolia will officially join the Asia Pacific Trade Agreement in January 2021, benefiting from reduced-tariff trade with China, Bangladesh, India, South Korea, Laos and Sri Lanka, China’s Ministry of Commerce said in an Oct. 26 notice. China said Mongolia will…
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reduce tariffs on 366 items, according to an unofficial translation of the notice, including “aquatic products,” vegetables, fruits, oils, certain chemicals, woods, cotton, yarn and machinery.