CU and Vietnam finalized negotiations on free trade zone agreement preparation
Almaty. December 15. KazTAG - The Customs Union and Vietnam have finalized the negotiations process on agreement preparation on free trade zone, reports TASS news agency.
According to the trade representation of Russia in Vietnam, the 8th final round of negotiations between the delegations of Vietnam and CU member states was held on December 8-14 on the Fukuok island.
"The parties agreed the key principles of the draft agreement on free trade zone. After solution of technical issues the document will be ready for signing in early 2015," reads the message.
The agreement will zero import fees, boost growth of trade-economic ties between the CU and Vietnam. The commodity circulation between the parties may reach $10-12 bln a year by 2020, 4 times up in comparison to the current level.