The decision to start formal negotiations was made after the experts, they concluded that the feasibility of establishing a free trade area with Israel, said the Director of the integration development Department of the EEC Viktor Spassky.
WASHINGTON, 8 Dec. The Eurasian economic Commission (EEC), which oversees the activities of the Eurasian Union (EEU), soon intends to start talks with Israel on free trade area (FTA), said the Director of the integration development Department of the EEC Viktor Spassky.
“We currently plan to start negotiations on a new agreement on free trade with Israel”, — said Spassky on the sidelines of the conference Doing Business with the Eurasian Union.
The decision to start formal negotiations on the results of a long work of experts — joint research group, which has concluded that the feasibility of establishing a free trade area.
For Israel, the effect is expected in the growth of trade with the States of the Eurasian economic Union is 6-8%, previously announced participants in the process. For Russia it will be not so great — “at the level of tenths of a cent”, but experts hope that the integration will improve the quality of its economic relations with Israel, intensifying the investment process and the transfer of technology.
A member of the government of Israel Zeev Elkin reported earlier, that counts in the beginning of 2016 to engage in formal negotiations and for about two years to reach agreement on the establishment of a free trade zone with the Eurasian economic Union.
