Eurasian Economic Commission rules in favor of free-trade zone between Customs Union and Vietnam

Print version
Sept. 11, 2012, 8:36 a.m. | Russia — by Interfax-Ukraine

Russian President Vladimir Putin (R) shakes hands with Vietnamese President Truong Tan Sang in Moscow on July 27, 1012 during their meeting.


The Interfax-Ukraine News Agency – a company belonging to the Interfax Information Services international group – has been an information provider in the political and economic information market of Ukraine since 1992.

MOSCOW - The Eurasian Economic Commission (EEC) has stated the expediency of a free-trade zone between the Customs Union and Vietnam.

"The conclusions presented by a joint research group show that the potential of trade and economic relations between the Customs Union and Vietnam will receive a significant boost if a free-trade zone is set up. It will take the long-standing fruitful and mutually profitable cooperation to a new level," the EEC said in a statement.

Now that the joint group ended its work, the sides may proceed to negotiating a free-trade agreement. Talks will are expected to begin in the first quarter of 2013 after the heads of state complete necessary formalities and issue the necessary negotiating mandates.

The EEC and Vietnam underscored the importance of such an agreement in line with the practices and norms of the World Trade Organization.

"Talks will be closely connected with the implementation of bilateral projects, work on which will begin parallel to the negotiating process," the EEC press service said.

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus


© 1995–2016 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.