EEU and Singapore to sign free trade zone agreement

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Economy

03.08.2018, 16:37

The Eurasian Economic Union (EEU) and Singapore are expected to sign a free trade zone agreement at an East Asia Summit, scheduled for November 2018, Singapore's Foreign Minister Vivian Balakrishnan said, according to Russian "Vesti.Ekonomika."

EEU and Singapore to sign free trade zone agreement

YEREVAN, August 3. /ARKA/. The Eurasian Economic Union (EEU) and Singapore are expected to sign a free trade zone agreement at an East Asia Summit, scheduled for November 2018, Singapore's Foreign Minister Vivian Balakrishnan said, according to Russian "Vesti.Ekonomika."

"We hope to prepare all the necessary documents by November this year, when Russian President Vladimir Putin is to pay a state visit to Singapore," the minister was quoted by Russian daily Kommersant.

According to the Foreign Minister of Singapore, the agreement is now "in a high degree of readiness, but there are still important legal issues remaining." "There is not much time left, but we hope to settle them before the visit."

Negotiations on the conclusion of the agreement on a free trade zone between the EEU and Singapore began in 2016. Since then, four rounds of talks have been held, the latest in Singapore in June this year. At the moment, the EEU has a free trade zone agreement with Vietnam. -0-

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