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Eurasian Economic Union ready to cooperate on free trade zone with Asia-Pacific —Russia PM

June 01, 2015, 20:37 UTC+3 GORKI
Last Friday, the agreement with Vietnam was signed which paves the way for other countries
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Russian Prime Minister Dmitry Medvedev

Russian Prime Minister Dmitry Medvedev

© Alexander Astafyev/Russian government press service/TASS

GORKI, June 1. /TASS/. The first free trade zone agreement signed by the Eurasian Economic Union (EAEU) with a third nation paves the way to the Union for the new similar agreements, Russian Prime Minister Dmitry Medvedev said on Monday.

"It [the agreement between the EAEU and Vietnam signed on Friday - TASS] merely opens the door to the Eurasian Economic Union to prepare similar preferential trade and investment agreements with our countries, including Asia-Pacific nations," the prime minister said. The agreement with Vietnam is "the most serious event," Medvedev added.

A joint action plan in the finance and economic sphere was approved at summit meetings of CIS and EAEU in Kazakhstan on May 29, Medvedev said.

"A turnover decline is observed recently for a host of nations and we are concerned about that," the Russian prime minister said. "We agreed to deepen the trade cooperation and to continue working on elimination of barriers preventing the mutual access to the markets of each other," he added.

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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