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Vietnam-Eurasia Economi Union FTA expected to be signed

The free trade agreement (FTA) between the Eurasia Economic Union and Vietnam is expected to go into effect within this year, according to Minister Tatyana Valovaya of the Eurasia Economic Union( EEU).
The free trade agreement (FTA) between the Eurasia Economic Union andVietnam is expected to go into effect within this year, according toMinister Tatyana Valovaya of the Eurasia Economic Union( EEU).

During a working visit with the French Businessmen Association onApril 7 in Paris, Valovaya said the EEU (including Russia, Belarus,Kazakhstan, Kyrgyzstan and Armenia) hopes to sign the FTA with Vietnamin the first half of this year and implement it immediately thereafter.

At a meeting with businessmen on April 7 in HoChi Minh City, Russian Prime Minister Dmitry Medvedev highlighted thebenefits for Vietnam in the draft FTA, saying the negotiations are closeto a conclusion with almost all issues addressed.

Deputy Minister on the Development of the Far East Maxim Shereikintold reporters from the Russian Ria Novosti News Agency on April 8 thatbusinessmen from Vietnam as well as other Southeast Asian nations areexpected to be big investors in the Far East region of Russia.

He highlighted the potential in the Far East for wood processing, thelight industry and gas liquefaction as huge opportunities forVietnamese and Thai investors.-VNA
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