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389066
Thu, 11/26/2015 - 10:42
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Vietnam to become trade, investment bridge between EAEU, ASEAN - Russia’s Deputy Economic Development Minister

HANOI, November 25. /TASS/. Vietnam is about to get a unique opportunity to become a trade and investment bridge between 2 biggest regional entities - the Eurasian Economic Union (EAEU) and the Association of Southeast Asian Nations (ASEAN), Russia’s First Deputy Economic Development Minister Alexey Likhachev said on Wednesday at the first business forum EAEU-Vietnam. First Deputy Minister said that after ASEAN summit, which took place in Kuala Lumpur on November 21-22, a Declaration on creation of a common network of ASEAN was signed. "In fact we’re witnessing that on the one hand integration processes within ASEAN are developing as "the ten" tied up by preferential trade relations, is starting to implement its economic policy regarding third countries as an integrated union," while simultaneously great work is being done within the Eurasian Economic Union in order to further boost Eurasian integration, Likhachev said. "In this case Vietnam’s role is particularly important as it was the first country to reach an agreement on creation of a free trade zone with the EAEU in May this year. Now Vietnam is becoming a bridge between two powerful economic unions as it unites more than 500 mln consumers within ASEAN and almost 200 mln within the EAEU," he said, adding that both Russian and Vietnamese business should use this unique opportunity. Read more

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