(VOV) – The second round of Free Trade Agreement (FTA) negotiations between Vietnam and the Russia-Belarus-Kazakhstan Customs Union was held in Moscow from June 20-25.
Both sides discussed issues related to commodity exports, services, investment and custom cooperation, the application of sanitary and phytosanitary measures (SPS), the Agreement on Technical Barriers to Trade (TBT), and legal articles and institutions.
Minister of Industry and Trade Vu Huy Hoang, Head of the Vietnamese delegation and the Eurasian Economic Commission (EAEC) 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 country.
They agreed on extensive consultations to move towards the third round of negotiations scheduled for September 9-13 in Belarus.
Vietnam, Customs Union launch FTA talks The Saigon Times Daily HANOI – Prime Minister Nguyen Tan Dung and Chairman of the Eurasian Economic Commission (EEC) Viktor Khristenko on Thursday announced the formal launch of negotiations over a free trade agreement (FTA) between Vietnam and the Customs Union that groups Russia, Belarus and Kazakhstan. Prime Minister Dung had a meeting with Khristenko, who is in Vietnam for a visit, at the Government Office on Thursday, according to the Government web portal. Vietnam always wants to deepen relations with Russia, Belarus and Kazakhstan, Dung said. He expressed his pleasure at the launch…... [read more]
During the five-day talks, delegations will focus discussions on trading commodity and service, and investment, commercial law, trade dispute settlement, customs management as well as advantages and disadvantages in building the FTA. Began in March with the first two rounds of talks held in Hanoi and Moscow, the parties have reached consensus on a plenary structure of the agreement as well as a roadmap for building the FTA. The FTA is believed to create a breakthrough in bilateral relations, helping lift customs barriers, and offer great opportunities for the union to penetrate potential ASEAN countries’ markets and open the doors…... [read more]
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…... [read more]
Vietnam, S.Korea to conclude FTA negotiations this year Tran Thu By Tran Thu - The Saigon Times Daily HCMC – South Korea is expected to wrap up negotiations for a free trade agreement (FTA) with Vietnam late this year, Vietnam News Agency reports, citing South Korean Minister of Trade, Industry and Energy Yoon Sang-jik. The South Korean minister mentioned the time for the two countries to conclude negotiations for the trade pact at a meeting with Vuong Dinh Hue, head of Vietnam’s Party Central Committee’s Economic Commission, on Tuesday when he led a senior delegation to visit South Korea from…... [read more]
Government officials, economists, researchers and businessmen of Vietnam and members of the Customs Union of Russia, Belarus and Kazakhstan gathered in Moscow on Dec. 21 to discuss economic, trade and investment ties between the two sides, looking to early signing of a bilateral free trade agreement. Addressing the workshop themed "FTA between Vietnam and the Customs Union members – a useful tool for increase of bilateral trade relations," Vietnamese Ambassador to Russia Bui Dinh Dinh stressed the importance of the Vietnam-Russia strategic partnership and the traditional relations between Vietnam and Kazakhstan and Belarus . Trade and investment between Vietnam and…... [read more]
Nhan Dan Online - Vietnam proposes that the European Union (EU) promptly ratify the Partnership and Co-operation Agreement (PCA) and actively promote the completion of Vietnam-EU free trade agreement (FTA) negotiations on schedule, Deputy Prime Minister and Foreign Minister Pham Binh Minh has said. During talks with Vice President of the European Commission and High Representative of the EU for Foreign Affairs and Security Policy, Catherine Ashton in Hanoi on August 12, Deputy PM Minh expressed his belief that the EU recognition of Vietnam's economic market mechanism will help to lift bilateral ties to a new level that meets the…... [read more]
Two-way trade turnover between Vietnam and the Customs Union is expected to rebound strongly with the official signing of the VCUFTA in 2015. (Image credit: VGP) NDO- Nhan Dan Online reviews some of the most significant events that made headlines in the last week. 1. Vietnam, Customs Union reach final conclusion towards free trade agreement 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 Vietnam and the Customs Union of Russia,…... [read more]
(VOVworld) - Vietnam and South Africa held their second Defense Policy Dialogue in Pretoria on March 29. Vietnamese Deputy Defense Minister Sen. Lieut. Gen. Nguyen Chi Vinh and South African Secretary for Defence Samson Makhudu Gulube co-chaired the event. Gulube highlighted the growing relations between South Africa and Vietnam in different fields, including national defense. Vinh briefed the hosts about security in Asia-Pacific, affirming that peace, cooperation and development are main trends in the region. He also pointed out several regional challenges, including the gap between the rich and the poor, territorial disputes, and other non-traditional security challenges, saying that…... [read more]
Negotiations on a free trade agreement (FTA) between Vietnam and the Customs Union of Russia, Belarus and Kazakhstan were productive as the second round of discussions that took place over six days ended on June 25 in Moscow, Russia. The two parties reached consensus on points relating to goods, services, investment and movement of natural persons, rules of origin and customs cooperation. The outcome was drawn after comprehensive discussions between the two sides, who were led respectively by Vietnam's Minister of Industry and Trade (MoIT) Vu Huy Hoang and Eurasian Economic Commission Trade Minister Andrey Slepnev. The heads of the…... [read more]
Prime Minister Nguyen Tan Dung has urged negotiation delegations of Vietnam and the Customs Union of Russia, Belarus and Kazakhstan to soon complete remaining procedures for the signing of their Free Trade Agreement (FTA) in early 2015. At his reception for Trade Minister of the Eurasian Economic Commission Andrei A. Slepnhev, who is head of the Union’s negotiation delegation, in the southern province of Kien Giang on December 15, the PM stressed the signing and implementation of the agreement will be an important step to lift the traditional relations between Vietnam and the Union’s member nations to a higher level.…... [read more]