Russia hopes Astana talks on Syria will yield package of documents on de-escalation zonesRussian Politics & Diplomacy June 25, 20:31
Russians’ real incomes up by 3% in May - Russian finance ministerBusiness & Economy June 25, 18:39
All doping tests of Russian players at 2014 FIFA World Cup are negativeSport June 25, 15:10
Police refrains from calling Newcastle incident a terrorist attackWorld June 25, 13:14
Putin offers condolences to Pakistan’s president over fire victimsRussian Politics & Diplomacy June 25, 12:39
Fire of fuel tank kills 123 people in Pakistan - TVWorld June 25, 7:58
Muslims worldwide celebrate Eid al-FitrSociety & Culture June 25, 5:18
Mexico knocks out Russia from FIFA Confederations Cup with 2-1 win in KazanSport June 24, 19:59
Putin visits Crimean youth camp ArtekSociety & Culture June 24, 19:42
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.