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Russia, China to prepare EAEU - China cooperation deal base by November — official

June 29, 2016, 16:41 UTC+3
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MOSCOW, June 29. /TASS/. Russia and China will complete a huge scope of preparatory work on the basis for the trade and economic cooperation agreement between the Eurasian Economic Union (EAEU) and China, First Deputy Prime Minister Igor Shuvalov said on Wednesday.

A memorandum to start the negotiating process on the trade and economic cooperation agreement was signed during the recent visit of Russian President Vladimir Putin to China, Shuvalov said.

"We will complete huge preparatory work to have a specific base for the next meeting of prime ministers that will take place in November," the official added.

Research centers in Russia and China, the Eurasian Economic Commission and relevant ministries of both countries will deal with this work, Shuvalov said.

Russia and China are closely monitoring establishment processes of Trans-Pacific and Trans-Atlantic partnership, the official said. Unlike them, the Eurasian economic space "will offer an absolute open nature of membership and confirm fundamental principles in the basis of the World Trade Organization," Shuvalov said.

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