// IP Marketing video - START// IP Marketing video - END

EAEU, China sign trade and economic cooperation agreement

EAEU, China sign trade and economic cooperation agreement

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
Mount Maymekh will become a skiing zone under a new project which will attract about $30 million in investments and create some 1600 jobs.
Armenia would become a rock-bottom option in the Eastern European region, maybe in the world, for citizenship through investment.
Cryptocurrency fever seems to have spread to the former Soviet republics with Armenia, the land of Mount Ararat, being one of them.
"There is ample proof that Monsanto's sprays have poisoned our environment contributing drastically to dying off of bees," Tankian said.
Partner news