FTA ne­go­ti­a­tions con­cluded

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Vieät Nam and the Cus­toms Union of Rus­sia, Be­larus and Kaza­khstan have signed a joint dec­la­ra­tion an­nounc­ing the end of ne­go­ti­a­tions on their free trade agree­ment.

The two sides kicked off their FTA talks in March 2013. After eight rounds of ne­go­ti­a­tion and many tech­ni­cal dis­cus­sions, Vieät Nam and the Cus­toms Union have de­cided on the con­tents of the agree­ment, mak­ing high-level com­mit­ments to en­sure both par­ties ben­e­fit equally.

Prime Min­is­ter Nguyeãn Taán Duõng has urged ne­go­ti­a­tion del­e­ga­tions from Vieät Nam and the Cus­toms Union to fi­nalise last­minute de­tails so they can sign their free trade agree­ment in early 2015.

Duõng said the sign­ing and im­ple­men­ta­tion of the agree­ment will help lift re­la­tions be­tween Vieät Nam and the Union's mem­ber na­tions to a higher level. It will also help bring Vieät Nam and Rus­sia closer to their goal of reach­ing US$10 bil­lion in trade rev­enue by 2020.

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