Putin: possibility of agreements on the FTA with the EEU consider 40 countries

MOSCOW, Nov 17. Forty countries are considering the possibility of signing agreements on free trade zone with the Eurasian economic Union (EEU), said the President of the Russian Federation Vladimir Putin in the article for the APEC summit, to be held 18-19 November in Manila, the Philippines.

In the article the head of state reminded that in may it signed an agreement on free trade zone between the EEU and Vietnam.

“The possibility of signing similar agreements review of 40 countries”, — said Putin.

According to him, a long time driving force of economic growth in the Asia-Pacific region and other regions of the world was trade. “However, as the decreased effect of tariff liberalization, it became apparent that additional agreements covering services, investment, non-tariff barriers, competition policy and subsidies. Of course, without difficult negotiations, of mutual compromise to achieve the impossible,” the President added.

One of the possible ways out of the situation, according to the Russian leader, it is the deepening of regional economic integration. “Today Russia together with Armenia, Belarus, Kazakhstan, and Kyrgyzstan — has successfully developed the EEU. Our integration project is initially focused on cooperation with other countries and their communities,” he said.

Example of transparent partnerships Putin called the agreement the pairing of the EAEU with the Chinese initiative “Economic zone silk road”. “This project will allow to expand a range of bottlenecks in transport infrastructure, regulation of cross-border movement of goods and services; will give an impetus to the integration of APEC economies”, — is spoken in article of the President.