Russian President, Vladimir Putin says that he expects the ongoing talks between the countries of the Eurasian Economic Union (EEU) about establishing a free trade zone with Serbia to be successfully completed soon.
“We expect that the ongoing talks about setting up free trade zones with Egypt, Israel, India, Iran, Serbia and Singapore to be fruitful. The free trade zone, set up with Vietnam, has been successfully functioning since 2016”, Putin said for the Russian news agency TASS.
He added that there was a great potential in signing of a trade and economic cooperation agreement between the EEU and China.
“I am confident that the Eurasian Economic Union and the Chinese initiative ‘One Belt, One Road’ could efficiently complement each other”, Putin underlined.
He also appealed for a broader cooperation between the EEU and the Commonwealth of Independent States (CIS).
The Eurasian Economic Union is a trade bloc established in 2015 based on the Customs Union of Russia, Kazakhstan, and Belarus. It was later joined by Armenia and Kyrgyzstan. In 2016, Vietnam officially became the first non-regional country to join the bloc which is designed to ensure the free movement of goods, services, capital and worker between member countries.
More than 40 countries and international organizations, including China, Indonesia, and Iran, as well as some South American countries, have expressed interest in a free trade deal with the EEU.
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