The free trade zone agreement between the Eurasian Economic Union (EAEU) and Vietnam will come into force starting October 5, 2016, Russia’s First Deputy Prime Minister Igor Shuvalov said at the meeting of the Russian-Vietnamese intergovernmental commission today.
“We’ve discussed the most important and complicated issue of the launch of the free trade zone agreement between the EAEU and the Republic of Vietnam. All domestic procedures in the EAEU member-states and Vietnam have been finalized and we realize and confirm that the agreement in coming into force starting from October 5 of this year,” he said.
According to Shuvalov, the agreement is unmatched and the discussion over its peculiarities has taken a rather long period of time.
Also, the sides have agreed that Russia will consider within the nearest two months Vietnam’s proposals on potential agreement between Agriculture Ministries of the two countries on transparent mechanisms of export and import transactions in order to promote food products made in Russia and Vietnam, particularly regarding Vietnamese seafood, First deputy PM said.
Simultaneously with the free trade zone agreement the protocol allowing Russian investors to launch car assembly and production facilities, will come into force. Further on the produced cars may be sold not only in Vietnam but also on the markets of all ASEAN countries.
Source: russia-now.com
Key words : Eurasian Economic Union-Vietnam, free trade zone, deal, will come into force, October 5.
