... 20 South Korean Trade Minister Yoo Myung-hee and Russian Economic Development Minister Maxim Oreshkin launched FTA negotiations in services and investment in Moscow.
Currently, more than 20 countries and blocs have expressed interest in creating an FTA with the Eurasian Economic Union, including the likes of Egypt, Jordan, Thailand and Chile. There are also memoranda signed with trade blocs such as Mercosur and ASEAN on joint cooperation and potential liberalization initiatives. Overall, Russia together with partners from the Eurasian Economic Union is starting from a low base in terms of the number of alliances – currently there are only the FTA accords with ...
... 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)....
... terms of scope, the EU-Vietnam Free Trade Agreement is similar to the one with the EEU. The TPP Agreement is also widely known for its provisions that go far beyond the sphere of trade. In the same year, Vietnam established a FTA with South Korea; this FTA appears to be more “traditional,” but is no less important, due to the top position of Korean business in the Vietnamese foreign investment market. The fact that the ASEAN Economic Community (AEC) was officially launched on November 22, 2015 should not be neglected either.
REUTERS/Host Photo Agency/
Vladimir Mazyrin:
EEU-Vietnam Free Trade:
the Devil Is in the Details
All of these initiatives testify to the Vietnamese ...
