NATO’s saber-rattling only impairs security of alliance's members — diplomatRussian Politics & Diplomacy May 22, 20:20
Russian sledge hockey team may compete in 2018 Paralympics — IPCSport May 22, 18:53
PM Medvedev says envoy’s murder 'left imprint' on Russian consulate’s work in TurkeyRussian Politics & Diplomacy May 22, 18:40
Peruvian fire-fighting service wants to buy Russian Mi-171 helicoptersBusiness & Economy May 22, 18:00
Putin sets task of accelerating work on super-heavy rocketScience & Space May 22, 17:55
Russian PM comments on decision to remove trade restrictions with TurkeyBusiness & Economy May 22, 17:39
Russia and its EU partners discuss entry point for Turkish Stream’s second lineBusiness & Economy May 22, 17:38
Austrian chancellor to address SPIEF-2017 on June 2Business & Economy May 22, 17:00
Russian air defense weaponry sparks interest at Minsk military showMilitary & Defense May 22, 16:54
MOSCOW, September 21. /TASS/. The free trade zone agreement between the Eurasian Economic Union (EAEU) and Vietnam will make possible to double the bilateral trade turnover in recent years, a representative of the Eurasian Economic Commission (EEC) told TASS on Wednesday.
"According to preliminary estimates, creation of the free trade zone agreement between the EAEU and Vietnam may boost the trade turnover from the current level of $4 bln to $8-10 in several coming years. Following the agreement coming into effect, Vietnam should cancel (set to zero) import duty rates for suppliers from the Eurasian [Economic] Union for more than 59% tariff lines of the total range of goods," the official said.
Import duty rates will be slashed to zero for 30% more of the goods range during the transitional period. "Hence cancellation of import duties by the Vietnamese side does not cover just 12% of the goods range, where the Union member-states have no export interest in the majority of cases," the EEC representative added.
The free trade zone agreement between the EAEU and Vietnam will go live from October 5, 2016, Russia’s First Deputy Prime Minister Igor Shuvalov said earlier.