EEU-Vietnam Free Trade Deal to Boost Investments – Russian Prime Minister

© Sputnik / Go to the photo bankPrime Minister Dmitry Medvedev speaks at government science-technology award ceremony
Prime Minister Dmitry Medvedev speaks at government science-technology award ceremony - Sputnik International
The introduction of the free trade zone between the Russia-led Eurasian Economic Union (EEU) and Vietnam is expected to help develop investment cooperation between Moscow and the Asia-Pacific region, Russian Prime Minister Dmitry Medvedev said Wednesday.

General view of the Eurasian Economic Union summit in Moscow's Kremlin, Russia. File photo - Sputnik International
Serbia Hopes to Sign Free Trade Agreement With EEU in 2016- Ambassador
MOSCOW (Sputnik) — Vietnam became the first country to sign a free trade agreement with the EEU in May 2015.

"We expect that the removal of barriers will expand investment cooperation between Russia and the Asia-Pacific region and, above all, Vietnam," Medvedev said.

The EEU, comprising Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan, is an international organization that encourages regional economic integration through the free movements of goods, services, and people within the union.

More than 40 countries and international organizations, including China, Indonesia, Israel and Iran have expressed interest in creating a free trade area with the bloc.

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