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“As technical aspects are cleared, the document will be ready for signing in early 2015,” the source said.
The agreement introducng zero import duty will boost economic cooperation between Vietnam and the Customs Union. According to the United Nations Economic Commission for Europe (UNECE), the annual trade turnover by 2020 may approach $12 billion, which is fourfold bigger than the present rate.
Vietnam will enjoy special terms for import of necessary goods - fertilisers, natural gas, and products of heavy industry.