Both sides discussed issues related to commodity exports, services, investment and customs cooperation, the application of sanitary and phytosanitary measures (SPS), the Agreement on Technical Barriers to Trade (TBT), and legal articles and institutions.
Vietnamese Minister of Industry and Trade Vu Huy Hoang and the Eurasian Economic Commission (EEC) Trade Minister Andrei Slepnev underscored the need to conduct negotiations in line with the World Trade Organization (WTO) rules governing sensitive areas and development levels of each side.
They agreed on extensive consultations to move towards the third round of negotiations scheduled for September 9-13 in Belarus.
Vietnam-Customs Union trade on the rise Customs Union negotiates FTA with Vietnam A document to this effect was signed recently between Vietnamese Trade Minister Vu Huy Hoang and his Russian counterpart A.A. Slepnev. The Vietnamese Ministry of Trade (MoIT) quoted the joint study group of parties concerned as saying there will be great potential for developing economic and trade ties between Vietnam and countries of the Customs Union once the FTA is signed. Both sides stressed the need to establish a mechanism for durable and comprehensive cooperation in trade, economics and investment, and committed to expanding trade cooperation within the Asia-Pacific…... [read more]
Minister of Industry and Trade Vu Huy Hoang and Trade Minister of theEurasian Economic Commission Andrei A.Slepnhev signed a joint statementon the conclusion of the Vietnam-Custom Union Free Trade Agreement(VCUFTA) on December 15 in the southern province of Kien Giang .Witnessing the event, Prime Minister Nguyen Tan Dungsaid the signing and implementation of the agreement will be animportant progress to enhance bilateral relations in economy,education-training, science-technology, and culture. He urged the twosides to finalise all necessary procedures to put final touches on theagreement in early 2015. Vietnam and theCustom Unions kicked off their FTA talks in March 2013. After eightrounds…... [read more]
Tran Quoc Khanh said that after five negotiation rounds the two parties reached a series of agreements on areas such as intellectual property, governmental procurement, e-technology and principles on country of origin. In the short term the two parties would accelerate the pace of negotiations on services and investment. A. E. Likhachev proposed that the parties try harder to complete drafts by this coming August. The FTA is expected for conclusion this year. After that, with tariff preferences Vietnamese exports to Russia would likely increase by 63 percent, Belarus up by 41 percent and Kazakhstan up by 8 percent. Similarly,…... [read more]
The round opened in the central city on February 9 under the co-chair of Vietnamese Minister of Industry and Trade Vu Huy Hoang and Eurasian Economic Commission Trade Minister Andrey Slepnev. In the spirit of cooperation, openness and mutual interest, the two sides basically agreed upon the content of the agreement. They set a target of concluding the negotiations by the end of this year. The two sides agreed to speed up information sharing and internal consultation as well as the progress of group negotiations for the next round, slated for March 31 to April 4 in Kazakhstan.... [read more]
This round of negotiation covered trade measures, trade and investment services, trade in goods, electronic technology in commerce, legal issues and dispute resolution, rules of origin, intellectual property, food safety and hygiene, and animal and plant quarantine. Negotiating parties negotiated an FTA suitable with the rules of the World Trade Organization (WTO), sensitive areas of each country and the disparity in development levels of the related parties. At this fifth round of negotiations, the two sides reached an agreement on e-commerce. This showed the determination to conclude negotiations by the end of the year. According to the plan, Vietnam and…... [read more]
Photo: Can Dung Agreement on many issues So far this year, the two parties have carried out three rounds of negotiations and come to agreement on many issues which are vital for the conclusion of the FTA by the end of this year. Specifically, the two parties agreed on most of the agreement’s content, reached agreement on e-commerce and agreed to quickly complete the content of the agreement. According to the Ministry of Industry and Trade’s European Market Department, during the sixth round of negotiations held recently in Russia, the negotiators spoke about issues which had not reached agreement, and…... [read more]
NDO – A Free Trade Agreement between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan (VCUFTA) is expected to be signed by early 2015, offering a range of incentives to facilitate two-way trade turnover. Vietnam’s Minister of Industry and Trade, Vu Huy Hoang and Eurasian Economic Commission Minister for Trade cum head of the Customs Union’s negotiator delegation, Andrei A. Slepnev, signed the joint statement announcing the conclusion of negotiations of the VCUFTA this morning in Kien Giang province’s Phu Quoc Island, with the presence of Prime Minister Nguyen Tan Dung. Officially launched in Hanoi on March 28,…... [read more]
The Vietnamese delegation was led by Minister of Industry and Trade Vu Huy Hoang and the Eurasian Economic Commission led by Eurasian Trade Minister Andrei Slepnev.Ten working groups discussed a wide range of issues relating to commodity trade, product-specific rules of origin, trade services, customs management, trade and investment facilitation, intellectual property, legislation, institutions, and trade safeguarding measures.The negotiations took place in a constructive, frank and cooperative spirit with a view to harmonising all standpoints and balancing interests of parties concerned. Negotiators said progress was made in the third round compared to the previous one in Moscow. They completed in…... [read more]
The two parties reached consensus onpoints relating to goods, services, investment and movement of naturalpersons, rules of origin and customs cooperation. The outcomewas drawn after comprehensive discussions between the two sides, whowere led respectively by Vietnam’s Minister of Industry and Trade (MoIT)Vu Huy Hoang and Eurasian Economic Commission Trade Minister AndreySlepnev. The heads of the negotiation teams discussingtechnical points were Dang Hoang Hai from MoIT and Andrey Tochin fromthe Eurasian Economic Commission, and they coordinated 10 working groupsdiscussing the content of the FTA. The eventual agreementwill encompass goods trade, service trade, investment, customscooperation, sanitary and phytosanitary measures (SPS), technicalbarriers to…... [read more]
Final touches were put on a free trade agreement (FTA) betweenVietnam and the Customs Union of Belarus, Kazakhstan and Russia duringthe eighth negotiation round in Phu Quoc island district, the southernprovince of Kien Giang, from December 8-14.The event wasco-chaired by the Vietnamese Minister of Industry and Trade Vu Huy Hoangand the Minister for Trade of the Eurasian Economic Commission AndreySlepnev with the participation of six negotiation groups on trade ingoods, trade in services, investment, and personal movement; rule oforigin; trade remedy; customs cooperation; trade facilitation; and legaland institutional issues.In a bid to conclude the FTA talks inlate 2014 as set…... [read more]