Russian Ministry of Industry and Trade: Free trade agreements with three countries nearing finalization

ArmInfo. The EAEU agreements on free trade zones with the United Arab Emirates (UAE), Indonesia and Egypt are at a high level of development. As reported by TASS, this was stated by the Russian of Industry and Trade Minister Anton Alikhanov at a meeting of BRICS industry ministers. "Free trade agreements are a major and effecient mechanism of developing the EAEU's relations with foreign partners.

They allowed seriously increasing trade turnover with Vietnam, Serbia and Iran. Agreements with the United Arab Emirates, Indonesia and Egypt are at advanced stages," he said. Alikhanov also suggested to consider the possibility of cooperation between BRICS and the EAEU. "Today, the EAEU is a deeply integrated regional economic association of five countries: Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan. The EAEU space ensures freedom of movement of goods, services, capital, labor, and a common regulatory policy is pursued in key sectors of the economy. Thanks to this, the Union is actively developing, with mutual trade and industrial cooperation growing," Alikhanov stressed.