05:33 GMT30 May 2020
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    The Eurasian Economic Union will explore the possibility of a free trade area with Singapore.

    MOSCOW (Sputnik) — The Eurasian Economic Commission's (EEC) Board gave the green light to the study of prospects of the free trade area between the Eurasian Economic Union (EEU) and Singapore, EEC Trade Minister Veronika Nikishina said.

    "In August, the EEC Board approved a proposal to explore jointly the feasibility of talks on the free trade area with Singapore. In September, we are set to bring the issue to the vice prime ministers of our countries," Nikishina told RIA Novosti.

    The EEU currently has a free trade agreement (FTA) with Vietnam. The economic bloc are considering signing bilateral FTAs with four more South Asian countries — Singapore, Cambodia, Thailand and Indonesia.

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    free trade, EEU, Veronika Nikishina, Singapore
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