ASEAN and Russia Look to Achieve Their Full Potential

... two-way trade by 2020. Vietnam and Thailand have both set a target of US$10 billion in annual trade within five years, up from the current US$4 billion with Vietnam and US$2 billion with Thailand. In Sochi, Mr Putin proposed a free trade agreement (FTA) between ASEAN and the Eurasian Economic Union (EEU), an economic forum of five former Soviet republics, including Russia, as well as greater economic cooperation among ASEAN, the EEU and the Shanghai Cooperation Organisation (which includes both Russia and China). ASEAN agreed to examine the proposal. Singapore showed the greatest enthusiasm for boosting trade with ...