Vietnam is considering the possibility of joining the Customs Union

 

Vietnam is considering the possibility of joining the Customs Union, said the president of this country Truong Tan Sang on Sunday at a press conference in Naryan-Mar.

"We discussed the acceleration of the start of negotiations on signing a free trade agreement. We agreed that announce the start of negotiations on a free trade agreement in September 2012 during the APEC summit in Vladivostok. We expect that in the presence of a strong political will of the leadership of our countries as well as Belarusian and Kazakh colleagues, partners, and we will soon start the process and bring it to an end in the form of an agreement on Vietnam's accession to the Customs Union ", — said Truong Tan Sang, responding to a question about the desire of his country to join the Customs Union .

He noted that the government of Vietnam and Russia want to increase the volume of bilateral foreign economic relations and expressed confidence that the agreement on Vietnam's accession to the Customs Union will give a great impetus to strengthen relationships and increase the supply of tovarov.Prezident Vietnam arrived in Russia on Thursday at the invitation of leader.

Representatives of Russia and Vietnam have repeatedly stated about the possibility of an agreement on establishing a free trade area between the two countries. As stated in December 2011, First Deputy Prime Minister Igor Shuvalov, the proposal to establish a free trade zone was derived from Vietnam. Shuvalov also said that since Russia is a member of the Customs Union for the conclusion of such an agreement will need the consent of the Russian partners in the Customs Union and the Common Economic Space.

The decision on the establishment of the Customs Union of Russia, Belarus and Kazakhstan was adopted in August 2006 at an informal summit of the Eurasian Economic Community (EurAsEC).

Customs Union provides for the creation of a single customs territory, within which do not apply customs duties and restrictions of economic nature, with the exception of special protective, antidumping and countervailing measures. In the framework of the Customs Union apply a common customs tariff and other common measures regulating trade with third countries.

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