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Vietnam and the Eurasian Economic Union will sign free trade agreement next week — PM

May 21, 2015, 13:07 UTC+3
Tariff protection will remain for some of the more sensitive categories
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© Alexander Astafyev/TASS

MOSCOW, May 21. /TASS/. The free trade agreement between Vietnam and the Eurasian Economic Union is to be signed next week, Prime Minister Medvedev said at a cabinet meeting.

"We're planning to sign the documents at the meeting of the Eurasian intergovernmental council next week in Kazakhstan. This will be the first such preferential agreement with a country of the Asian-Pacific region, we will reduce or waive tarrifs for many goods," Medvedev said.

As Medvedev noted tariff protection will remain for some of the more sensitive categories. "We're doing it to protect the interests of our consumers and entrepreneurs. We expect the liberalisation of trade to result in higher economic and trade cooperation in the EAEU and Vietnam, and most importantly, boost investment," Medvedev said.

The EAEU is an international economic union of Russia, Belarus, Kazakhstan and Armenia.

Infographics The Eurasian Economic Union starts its work The Eurasian Economic Union starts its work
The Treaty on the establishment of the Eurasian Economic Union comes into effect on January 1. Infographics by TASS

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