The Free Trade Agreement between the Socialist Republic of Vietnam and the Eurasian Economic Union (EAEU – including the Russian Federation, the Republic of Belarus, the Republic of Kazakhstan, the Republic of Armenia, and the Kyrgyz Republic) was signed on May 29th, 2015. This FTA is now under the domestic ratification process of the Parties and has not come into effect yet. This is the very first FTA of the EAEU and is expected to create preferences for Vietnamese enterprises when exporting to EAEU countries.
The Economic Cooperation Organization (ECO) was founded in 1985 to provide members with a platform to discuss ways to improve development as well as promote trade and investment opportunities. Around 462 million people — 6.2 per cent of the world’s population — live within the 10 member states of Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyz Republic, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan. But at a time when the world trading system is moving towards regional economic integration, ECO remains one of the least integrated trade organisations in the world, making up only 2.1 per cent of world trade.
Execution Unit: Center for WTO and Economic Integration - Vietnam Chamber of Commerce and Industry
Execution Time: March 2017