15:36 GMT16 May 2021
Listen Live
    Business
    Get short URL
    166
    Subscribe

    Russia's first deputy prime minister said the free trade deal between the EEU and Vietnam will take effect be the end of summer.

    ASTANA (Sputnik) – The free trade agreement between the Eurasian Economic Union (EEU) and Vietnam will enter into force by the end of summer, Russia's First Deputy Prime Minister Igor Shuvalov said Tuesday.

    “The presidents [of the EEU member states] endorsed the agreement that will develop our free trade zone agreement with Vietnam. We are at the stage of completing the ratification procedures and hope that this agreement will enter into force by the end of summer,” he said after the EEU Supreme Council Meeting.

    The Russia-led EEU, in existence since January 2015, provides for the free movement of goods, services, capital and labor among its five member states.

    Related:

    Joint EEU-Silk Road Project Should Move to Practical Phase – Ex-Kyrgyz PM
    Singapore in Talks on Free Trade Deal With EEU – Prime Minister
    Singapore, Indonesia, Cambodia, Thailand Seek Free Trade Zone With EEU
    Tags:
    free trade zone, EEU, Igor Shuvalov, Russia, Vietnam
    Community standardsDiscussion