Integration with Vietnam to enable EEU members to double their trade with Hanoi
YEREVAN, October 14. /ARKA/. Integration between the Eurasian Economic Union (EEU) and Vietnam will allow EEU member countries to more than double their trade with Vietnam by 2020, according to Tigran Sargsyan, the chairman of the Eurasian Economic Commission Board.
Speaking at the First Eurasian Partnership Forum in Yerevan he said the agreement on free trade zone with Vietnam had already been signed. “The document provides for zero tariffs for 90% of the goods, which will allow EEU member countries to increase their trade with Vietnam more than 2 times”, – said Sargsyan.
Sargsyan said the EEU is elaborating trade and economic agreements with India, Egypt, Iran, Israel, Mongolia, South Korea, Cambodia and Singapore. He said all this creates new opportunities for businesses to participate in the implementation of long-term strategic projects.
“Today the maximum added value is being created in new industries and sectors, which are being transformed in accordance with the concept of the 4th industrial revolution. We must not miss this period of global change, “- he said.-0-