EAEU free trade deals with Indonesia, UAE to take effect soon
Russian Deputy Prime Minister Alexey Overchuk speaks at the Eastern Economic Forum in Vladivostok.
Quick Look
Free trade agreements between the EAEU and Indonesia and the UAE will take effect soon, Russian Deputy Prime Minister Alexey Overchuk announced at the Eastern Economic Forum.
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Why It Matters
The Eastern Economic Forum is held annually in Vladivostok to support the economic development of Russia's Far East and expand international cooperation.
VLADIVOSTOK, September 3. /TASS/. Free trade agreements between the Eurasian Economic Union (EAEU) and Indonesia and the United Arab Emirates will take effect in the very near future, Russian Deputy Prime Minister Alexey Overchuk said at the Eastern Economic Forum (EEF).
"We signed [an agreement] with the UAE. We signed one with Indonesia, and it will also take effect in the very near future," he said.
Overchuk also noted that several rounds of talks have been held with India on concluding an agreement. "We have already gone through the text of the agreement. The work is progressing quite well, but we need to wait for the outcome," he added.
"Pakistan is a very large and important economy that also has a large consumer base. The Eurasian Economic Commission has held consultations with Pakistan on a free trade agreement. We are open to developing this further," Overchuk said.
The Eastern Economic Forum is being held on September 1-4 in Vladivostok on the campus of Far Eastern Federal University. The forum is organized by the Roscongress Foundation with the support of the Russian government. TASS is the general information partner.
Open Questions
- When exactly will the agreements take effect?
- What are the specific tariff reductions included in the deals?
