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Russia expects Thailand to apply for free trade zone with Eurasian Union before yearend

According to the Russian minister of industry and trade, it would be an important step in the expansion of trade and economic cooperation

MOSCOW, July 15. / TASS / Ministry of Industry and Trade expects Thailand to apply to the Eurasian Economic Commission (EEC) for a free trade zone before end of year, Minister of Industry and Trade Minister Denis Manturov told reporters after a meeting of the joint Russian-Thai commission on bilateral cooperation on Wednesday.

«They are working on the application. Everything will depend on when they will be ready to for it. Right now, they have confirmed their interest and thus are shaping the format of the agreement. We believe that before the end of the year it should be sent to EEC» he said.

According to the minister, Thailand may present a proposal to the Eurasian Economic Union to form an agreement on a free trade zone.

«An important step in the expansion of trade and economic cooperation would be an appeal by the Thai side to the Eurasian Economic Union with a proposal to start negotiations on an agreement on a free trade zone between the EEU member states and the Kingdom of Thailand,» Manturov said.

Источник: tass.ru

EAEU hopes to receive observer status at next UN General Assembly

The Eurasian Economic Union has already established itself as an international legal entity and automatically possess juridical personality, the Minister of Eurasian Economic Commission says

MINSK, November 5. /TASS/. The Eurasian Economic Union (EAEU) hopes to be granted observer status from the United Nations (UN) at the next General Assembly, the Minister of Eurasian Economic Commission (EEC) on Economy and Financial Policy Timur Suleimenov said on Thursday.

«We’re working at this (receiving status — TASS) through our legal department and ministries of foreign affairs of EAEU member-states. Hopefully, we’ll be granted this status at the nearest meeting of the UN General Assembly,» he said.

Suleimenov added that the Eurasian Economic Union has already established itself as an international legal entity and automatically possess juridical personality. «I think this (receiving status within the UN — TASS) is a formalization of our status, which by no means disables us either in our rights, or in talks with countries, or in talks with each other,» the Minister said.

Belarus, which is chairing the EAEU, submitted a draft resolution on granting it the UN observer status in mid-October in New York.

Источник: tass.ru

More than 40 countries express interest in creating free trade zone with EAEU

According to the Russian Economic Development Minister, the EAEU countries play an important role in the global economy with its member states’ GDP reaching $60.5 trillion in 2014

Russian Economic Development Minister Alexey Ulyukayev
© TASS/Mikhail Metzel

KUALA LUMPUR, August 24. /TASS/. More than 40 countries have expressed interest in creating a free trade zone (FTA) with the Eurasian Economic Union (EAEU), the Russian Economic Development Minister Alexey Ulyukayev said Monday at the East Asia Summit (EAS).

«Global cooperation is an important trend. Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan organized a Eurasian Economic Union and set up the free trade zone with Vietnam. More than 40 countries and international organizations have expressed interest in establishing a free trade zone with the EAEU — China, Indonesia, Thailand and Cambodia are among them,» the Minister said.

Speaking about the cooperation with the countries of EAS, Ulyukayev noted that the summit is «an excellent opportunity to extend participation in integration processes in the region» for Russia. «The EAEU countries play an important role in the global economy — the GDP of the member states reached $60.5 trillion in 2014,» the Minister added.

18 states participate in the EAS: 10 ASEAN countries and its dialogue partners — Australia, China, India, South Korea, New Zealand, Russia, the United States and Japan.

In 2014 Russia’s trade turnover with the countries of EAS, according to the Russian customs statistics, amounted to $208 bln and increased in comparison with 2013 by 2%, including export that amounted to $105.8 bln (increasing by 8.9%), import — $102.2 bln (decreasing by 4.2%). The foreign trade surplus between Russia and the EAS in 2014 amounted to $3.7 bln. The Russian exports to these countries were based on fuel and mineral products.

Источник: tass.ru

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