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The platform for a comprehensive FTA across the Global South may be based on the BRICS+ framework The expanded format of the BRICS+ dialogue conducted by China in June 2022 as well as the rising number of large developing economies expressing willingness to join the BRICS core grouping ...
No matter how well the cooperation between Ankara and Kiev may develop, Erdogan will not forget about the “intermediary” role between Ukraine and Russia On February 3, 2022, President of Turkey Recep Tayyip Erdogan made an official visit to Ukraine, during which he managed to put his signature to a Turkey–Ukraine free trade agreement following more than ten years of negotiations on the provisions of the document. But this was not the only achievement of the President’s visit: Ankara and Kiev...
... pressure” against Iran. As the agreement was designed to be in effect for 3 years, it is to expire on October 5, 2022. For this reason, the parties have recently begun technical and expert negotiations to upgrade the PTA to a free trade agreement (FTA). In this regard, Iran and the EAEU held their first round of negotiations on upgrading the PTA to a free trade deal in Tehran on July 19, 2021. According to Hamid Zadboum, the former head of Trade Promotion Organization of Iran, the two sides have ...
... appears that a lot of the developments in the BRICS universe were associated with the advancement of regional initiatives: The launching of the RCEP project led by China and the ASEAN economies The launching of the African Continental Free Trade Area (ACFTA) BRICS+ summit in South Africa, with invitees being representatives of regional blocs from the Global South The signing of a memorandum on understanding between the Eurasian Economic Union (EAEU) and MERCOSUR (in 2018) as well as between the EAEU ...
... rapprochement with the EAEU Negotiations on a full-scale free trade agreement between Iran and the Eurasian Economic Union (EAEU) are planned for the second half of 2021. The success of the current interim agreement with Iran suggests that initiating a proper FTA could indeed work. However, a number of obstacles—which have nothing to do with customs duties and trade tariffs—need to be eliminated if any possible agreement is to bear fruit. Being the parties most interested in reaching such an agreement,...
Emerging trends include the improved quality of integration and the shaping of the Union as a pragmatic and responsible partner The development of the Eurasian Economic Union in 2019 was once again marked by deepening integration and the expansion of global trade and economic relations. Emerging trends include the improved quality of integration and the shaping of the Union as a pragmatic and responsible partner involved in international relations as an independent actor. Elena Kuzmina: Free Trade...
... agreement with Singapore was the third such document the Eurasian Union has signed with third countries. The Agreement with Vietnam Igor Ivanov: The Belt and Road Initiative: Towards a New World Order The EAEU signed its first ever free-trade area (FTA) agreement with Vietnam on May 29, 2015. The agreement entered into force on October 5, 2016. From the outset, the agreement was concluded in the FTA+ format, which stipulates both duty-free trade rules and other interaction formats. Simultaneously ...
... Putin hopes that with the establishment of a free trade area between India and the EAEU, additional opportunities for diversifying trade will be created. However, there is not much progress being made in this field. Negotiations are still going on the FTA between India and EAEU. The trade between the EAEU members and India is still low. The trade volume between New Delhi and the member states stood at $7.3 billion in 2016, a dip from $7.6 billion in 2012. In contrary, India’s trade volume with the ...
... policy dialogue among the largest powers on the world stage. While the summit did not bring a definitive resolution to the China-US trade dispute, there were in fact important breakthroughs in other areas, such as the announcement of the EU-Mercosur FTA deal, which took several decades to negotiate. This agreement is set to create the largest free-trade area in the world, thus signifying the potential for regional integration to compensate in part for the trade disputes and mounting protectionism ...
... trade barriers regionally would allow for third parties to enter the African market via one country. He added that this would be made possible by successful negotiations and the proper implementation of the African Continental Free Trade Agreement (AfCFTA). The Agreement entered into force on May 30, 2019 after its 22nd ratification, signaling the start of a long and tedious negotiation process that will largely determine the nature and exact conditions of the agreement. Schedules of tariff concessions ...
| U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements |
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| U.S. wants to deter Russia’s military and political activity |
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| U.S. wants to dissolve Russia |
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| U.S. wants to establish alliance relations with Russia under the US conditions to rival China |
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