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Eurasian Economic Union

Eurasian Economic Union launches talks with Israel over free trade zone

The decision was made at a meeting of the Supreme Eurasian Economic Council on Friday

© AP Photo/Sebastian Scheiner, File

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BURABAY/Kazakhstan/, October 16. /TASS/. The Eurasian Economic Union (EAEU) will launch negotiations with Israel on creating a free trade zone. The decision was made at a meeting of the Supreme Eurasian Economic Council on Friday.

Representatives of the meeting also approved Main areas of international activity of Eurasian Economic Union for 2015-216. Among other issues on agenda, participants of the meeting discussed the order of accepting new EAEU member-states, some aspects of Kazakhstan’s joining the World Trade Organization (WTO), personnel of collegium of Eurasian Economic Commission, mid-term approaches to development of trade and economic cooperation with the union’s main partners.

Also, the leaders of the member-states discussed Main areas of EAEU development, concentration of actions regarding issues of EAEU’s conjugacy with Chinese project of Silk Road Economic Belt. Besides, a number of sectors have been defined where equal service market will be formed in line with liberalization plans. Also, a working group has been set up to prepare unified system of identification external economic participants within the territory of the union.

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