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    Eurasian Economic Union (EAEU)

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    Werewolf
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    Re: Eurasian Economic Union (EAEU)

    Post  Werewolf on Tue Oct 20, 2015 4:41 pm

    I do not get that garbage of illegal sanctions at all. They and not even UN has no buisness telling anyone whom they can trade with and with whom they can not. Especially for countries like Russia it should be ignored since the west will still have to buy russian gas, metals, precious metals and so on.

    George1
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    Re: Eurasian Economic Union (EAEU)

    Post  George1 on Tue Oct 20, 2015 10:42 pm

    Eurasian Development Bank to expand, China, Turkey, Iran among possible newcomers

    ST. PETERSBURG, October 20. /TASS/. The Eurasian Development Bank (EDB) plans to increase the number of its member-states, Chairman Dmitry Pankin told TASS on Tuesday, adding that China, Korea, Turkey, India and Iran may potentially become its new members.

    "Among EDB top-priorities is the goal of increasing its member-states. Potentially those are countries interested in the region - China, Korea, maybe Turkey, India, Iran. Of course, we don’t have a tough schedule of adding new members to the EDB, this being more like a motion vector," Pankin said.

    In August, the bank’s shareholders reviewed its development strategy, the official said. "We offered an option to the EDB board: if founders assume that the Bank should be engaged in big infrastructure projects, significant to the regions’ states recapitalization should equal to at least $10 bln. Then the Bank may take on big energy, transport projects involving member-states. But their budgets have no such funds thus, a decision was made not to carry out this huge recapitalization," he said, adding that amid this environment "the Bank’s goal is to focus on integration projects with value chains in industry, chemicals, pharmacy, machine building." "Intersection of interests of the Bank’s member-states was our key criterion in the project," Pankin said.

    Eurasian Development Bank is an international financial organization established to promote economic growth in its member states, extend trade and economic ties between them and to support integration in Eurasia. It was conceived by Presidents of the Russian Federation and the Republic of Kazakhstan and established in 2006. The Republic of Armenia and the Republic of Tajikistan, the Republic of Belarus and the Kyrgyz Republic became its full members of in 2009, 2010 and 2011 respectively. The Bank’s equity capital totals $1.5 bln.


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    George1
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    Re: Eurasian Economic Union (EAEU)

    Post  George1 on Tue Nov 24, 2015 2:21 am

    Eurasian Economic Union to Consider Free Trade Zone With Iran - Putin

    Read more: http://sputniknews.com/business/20151123/1030622707/eurasian-economic-union-iran-free-trade-zone.html#ixzz3sMr9awIC


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    George1
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    Re: Eurasian Economic Union (EAEU)

    Post  George1 on Fri Dec 04, 2015 11:11 am

    China backs Putin’s model of Eurasian integration — foreign ministry

    Vladimir Putin suggested Eurasian Economic Union begin consultations with countries of the Shanghai Cooperation Organisation and the Association of Southeast Asian Nations on economic partnership

    BEIJING, December 4. /TASS/. China supports a model proposed by Russian President Vladimir Putin of the Eurasian integration involving Beijing’s initiative, the Silk Road Economic Belt, China’s Foreign Ministry spokesperson Hua Chunying said on Friday.

    "As for the integration of the Eurasian Economic Union (EAEU) and the Silk Road Economic Belt proposed by Russian President Vladimir Putin, the leaders of the two countries have reached consensus on this issue," Chunying said.

    "This is an important strategic step made by the countries of the region for economic cooperation and also for gaining common profit and prosperity," the Chinese diplomat said.

    "For achieving greater economic profits for the countries and people of the region, China is ready to work with all the sides, including Russia, to promote regional cooperation based on equality, mutual benefit and consultations as part of the Shanghai Cooperation Organization," she said.

    In his state of the nation address on Thursday, Putin invited EAEU colleagues to begin consultations with countries of the Shanghai Cooperation Organisation (SCO) and the Association of Southeast Asian Nations (ASEAN) on establishing economic partnership.

    Putin said "this partnership creates new possibilities for Russia for increasing supplies of food, energy resources, engineering, educational, health and tourism services to the Asia-Pacific region and will allow playing a leading role in the formation of new technological markets, and extend major global trade flows to Russia."


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    George1
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    Re: Eurasian Economic Union (EAEU)

    Post  George1 on Tue Feb 16, 2016 10:18 am

    Russian Gov't Committee Backs Eurasian Union’s Free Trade Deal With Vietnam

    Russian government’s legislative committee on Tuesday endorsed a free trade deal between Eurasian Economic Union (EEU) and Vietnam, in a bid to streamline the flow of goods between the EEU and Asia Pacific.

    MOSCOW (Sputnik) — The draft law will now be scrutinized by the Russian government at a meeting. The deal needs to be ratified since it contains regulations that diverge from those enshrined in Russian laws.

    "The implementation of the agreement will help boost mutual flow of goods and strengthen trade and economic ties between its signatories, create conditions for EEU gaining a greater role in integration processes underway in the Asia-Pacific region," the Russian government said in a statement.

    The Eurasian Economic Union, which came into being in January 2015, is an economic union of former Soviet republics, namely Armenia, Belarus, Kazakhstan, Russia, and Kyrgyzstan.

    Vietnam signed a trade pact with the five-member bloc on May 29, 2015. It stipulates that all parties are to tear down all major trade barriers in their markets for imports of other state signatories.

    A separate batch of protocols stipulates commitments on bilateral trade in services, company management and travel that Russia and Vietnam have as member states of the World Trade Organization.

    Read more: http://sputniknews.com/business/20160216/1034822661/russia-eurasian-union-free-trade-deal-vietnam.html#ixzz40JxP4wng


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    George1
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    Re: Eurasian Economic Union (EAEU)

    Post  George1 on Wed Feb 24, 2016 6:11 pm

    Kazakhstan ratifies Vietnam-EAEU free trade agreement

    More:
    http://tass.ru/en/economy/858691


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    George1
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    Re: Eurasian Economic Union (EAEU)

    Post  George1 on Sun Apr 24, 2016 3:29 pm

    State Duma ratifies free trade zone agreement between EAEU and Vietnam

    More:
    http://tass.ru/en/economy/871975


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    Viktor
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    Re: Eurasian Economic Union (EAEU)

    Post  Viktor on Wed Aug 03, 2016 5:32 pm

    6-th member from the next year thumbsup

    Tajikistan: The Eurasian Economic Union’s Next Member?

    George1
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    Re: Eurasian Economic Union (EAEU)

    Post  George1 on Sat Aug 20, 2016 4:48 pm

    EAEU, Vietnam free trade agreement to come into force on October 5

    The EAEU signed the free trade zone agreement with Vietnam in May 2015

    MOSCOW, August 19. /TASS/. The free trade agreement between the Eurasian Economic Union (EAEU) and Vietnam will come into force on October 5, Trade Minister of the Eurasian Economic Commission (EEC) Veronika Nikishina said on Friday.

    "We are happy to say all ratification procedures are completed and the free trade agreement between the Eurasian Economic Union and Vietnam will come into force on October 5. Lower rates of customs duties will apply to the greater portion of goods countries are trading from October 5," Nikishina said.

    Vietnam will open the market for many goods of export interest for the EAEU member-states, the EEC said earlier. In particular, these are agricultural products, animal feed, mechanical and engineering equipment.

    The EAEU signed the free trade zone agreement with Vietnam in May 2015.


    More:
    http://tass.com/economy/895081


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    George1
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    Re: Eurasian Economic Union (EAEU)

    Post  George1 on Sat Nov 05, 2016 2:57 pm

    Mongolia Expresses Interest to Join Eurasian Economic Union - Ambassador

    Read more: https://sputniknews.com/asia/201611051047096901-mongolia-russia-eaec/


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