• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

VN-EEU FTA to come into force since October 5

VGP – The The Viet Nam-Eurasia Economic Union Free Trade Agreement (VN-EAEU FTA) will take effect on October 5, 20t16, according to the Ministry of Industry and Trade (MoIT).

08/19/2016 15:06
The FTA between Viet Nam and the Eurasia Economic Union (the Russian Federation, Belarus, Kazakhstan, Armenia, and Kyrgyzstan was kick-started in March 2013. After eight official rounds of negotiations and many mid-term meetings, the agreement was signed on May 29, 2015 in Burabay, Kazakhstan.
 
The Vietnamese Ministry of Foreign Affairs has recently issued a statement announcing that the two sides have completed procedures and the agreement will come into force from October 5, 2016. 
 
Once the FTA takes effect, the two sides would set up a joint committee, a committee on goods trade, and a subcommittee on origin regulations for the effective implementation and supervision of the agreement.
 
The FTA reduces tariffs on 90% of all goods traded between Viet Nam and the EEU nations and is expected to boost trade between Viet Nam and the EEU to US$10 billion within the next five years.
 
The implementation of the FTA is expected to save EEU exporters US$40-60 million, and Vietnamese exporters US$5-10 million in its first year. The agreement will enter into force within 60 days of being ratified./. 
 
By Kim Anh