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The Eurasian Economic Commission and Vietnam agreed to hold a meeting of the Joint Committee in October this year (within the framework of the Free Trade Agreement between the EAEU and Vietnam), as well as the Eurasian-Vietnamese Trade and Economic Forum. The corresponding agreement was reached within the framework of the meeting of the EEC Minister of Trade Andrei Slepnev with the Minister of Industry and Trade of the Socialist Republic of Vietnam Nguyen Hong Zien.

“The format of the joint committee will be determined later, taking into account the situation with the coronavirus. However, I am confident that it will attract widespread business attention. We also propose to organize a Eurasian-Vietnamese business forum and hold it in a mixed format: part – online, part – face-to-face. We need to give an additional impetus to our interaction and discuss new areas of cooperation, ”said Andrei Slepnev.

During the meeting, the emphasis was placed on the implementation of the agreements reached at the conclusion of the Free Trade Agreement, which entered into force five years ago, as well as the intention to qualitatively increase trade and economic ties and develop the role of Vietnam as a trade hub for the Eurasian Economic Union in ASEAN.

Andrey Slepnev and Nguyen Hong Zien agreed to make additional efforts to resolve existing issues related to the production of vehicles of the Union countries in the territory of the Socialist Republic of Vietnam, the supply of Belarusian boneless beef, Russian wheat and phosphorus fertilizers, as well as Eurasian medicines. At the same time, the issues of the EAEU’s application of trigger protective measures in relation to certain types of textile products and aspects of the development of mutual trade in agricultural products were touched upon.

At the suggestion of the EEC Minister of Trade, special attention in the upcoming meeting of the joint committee will be paid to cooperation in the field of digitalization, as well as a low-carbon agenda.

A source: EEC

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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