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FTA with Customs Union agreed to

Released at: 16:57, 15/12/2014

FTA with Customs Union agreed to

Vietnam and the Customs Union of Belarus, Kazakhstan and Russia conclude FTA negotiations, with signing set for early 2015.

by Ha Anh

The eighth round of negotiations over a free trade agreement (FTA) between Vietnam and the Customs Union of Belarus, Kazakhstan and Russia wrapped up last week on Phu Quoc Island.

Technical issues will be dealt with shortly so the FTA can be signed in early 2015, according to government sources.

The round was co-chaired by the Minister of Industry and Trade Vu Huy Hoang and the Minister for Trade of the Eurasian Economic Commission Andrey Slepnev on Phu Quoc Island from December 8-14.

Six negotiating groups joined the round, dealing with trade in goods and services, investment, personal movement, rules of origin, dispute remedies, customs cooperation, trade facilitation, and legal and institutional issues.

They signed an announcement on the basic conclusion of the negotiations and the continuation of internal consultations and exchanges to ink the FTA in early 2015.

Vietnam last week also wrapped up FTA negotiations with South Korea after more than two years of discussions. Minister of Industry and Trade Vu Huy Hoang and the Republic of Korea (RoK)’s Minister of Trade, Industry, and Energy Yoon Sang-jick signed minutes on the conclusion of negotiations for the Vietnam-RoK FTA on December 10 in Busan, with the agreement to also be signed in 2015.

  • TAGS
  • FTA
  • Vu Huy Hoang

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