EAEU, China sign trade and economic cooperation agreementMay 17, 2018 - 12:31 AMT PanARMENIAN.Net - The Eurasian Economic Union (EAEU) and China inked a trade and economic cooperation agreement on Thursday, May 17. The agreement is non-preferential by nature and does not imply cancellation of duties or automatic reduction of non-tariff barriers, Kazakhstan’s Minister of National Economy Timur Suleimenov said earlier. At the same time, the agreement will make it possible to improve conditions for import of goods to the Chinese market by means of norms for the simplification of trade procedures, increase the transparency level and improve the level of interaction across all spheres of trade cooperation. Negotiations between the EAEU and China were held on the basis of the decision of the Supreme Eurasian Economic Council of May 8, 2015. The EAEU and Iran signed an agreement on a free trade zone after “lengthy and complicated negotiations”, Deputy Armenian Prime Minister Tigran Avinyan said Thursday. A trade bloc established in 2015, the EAEU was based on the Customs Union of Russia, Kazakhstan, and Belarus. It was later joined by Armenia and Kyrgyzstan. In 2016, Vietnam officially became the first non-regional country to join the bloc. The union is designed to ensure the free movement of goods, services, capital and workers between member countries. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |