Free Trade Agreements between the EAEU and Vietnam

The EAEU ( Eurasian Economic Union) and Vietnam signed an agreement on creating a free trade zone.

The EAEU is the "common market" bringing together 170 million people in the space of the CIS (Commonwealth of Independent States) , born of the agreements between Russia , Belarus and Kazakhstan. Armenia and Kirghizistanon joined the EAEU in 2015.

The countries of the former Soviet Union are not the only ones interested in this new economic area.

Right now , more than 30 states and international organizations have already expressed their interest in creating a free trade area with EAEU.

The agreement with Vietnam will increase the exchange from $ 2.76 billion to more than $ 10 billion in 2020 .

source : sputniknews.com, fructidor.com