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Eurasian Economic Union, Vietnam to sign FTA soon

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/04/2015 (17:43)
The Eurasian Economic Union (EEU) and Vietnam may sign a free trade agreement (FTA) in the near future, according to the media reports. The EEU, which is comprised of Russia, Belarus, Kazakhstan, has reportedly reached an agreement with Vietnam on major issues regarding a free trade deal. Vietnam’s Prime Minister reported that the free trade agreement is expected to be concluded in the first half of this year.

Russian Deputy Prime Minister Sergey Prikhodko reported that any deal will improve economic relations between the two counties, adding that they expect Russian-Vietnamese trade turnover to increase to $10 billion by 2020. According to Prikhodko, the trade volume between the two counties was $3.8 billion last year.
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