Final touches were put on a free trade agreement (FTA) between Vietnam and the Customs Union of Belarus, Kazakhstan and Russia during the eighth negotiation round in Phu Quoc island district, the southern province of Kien Giang, from December 8-14.

The event was co-chaired by the Vietnamese Minister of Industry and Trade Vu Huy Hoang and the Minister for Trade of the Eurasian Economic Commission Andrey Slepnev with the participation of six negotiation groups on trade in goods, trade in services, investment, and personal movement; rule of origin; trade remedy; customs cooperation; trade facilitation; and legal and institutional issues.

In a bid to conclude the FTA talks in late 2014 as set by the two sides’ leaders, the negotiators fine-tuned the wording of the chapter on customs cooperation and basically finalised that of the remainders.

They signed an announcement on the basic conclusion of the negotiation and the promotion of internal consultation so as to finalise remaining technical matters and ink the FTA in early 2015.-VNA