Belarus approves Vietnam- EAES free trade agreement

09:29 | 27/05/2015 Trade

Belarusian President Alexander Lukashenko has approved a draft free trade agreement between the Eurasia Economic Union (EAES) and Vietnam, according to the Belarusian News, BeITA.

Belarus approves Vietnam- EAES free trade agreement

Assembly line of exported woodwork products. Photo: VNA

The agency cited a press source from the President Office, saying that President Lukashenko signed the corresponding decree on May 25.

It added that t he Belarusian Government was authorised to sign the agreement with the Vietnamese government, which serves as a basis for further talks.

The EAES agreement was signed by the Presidents from Russia, Kazakhstan and Belarus on May 29, 2014 and took effect on January 1, 2015.

Under the agreement, goods, services, capital and workforces will be freely moved among member countries.

The Vietnam-EAES free trade agreement is scheduled to be signed in Kazakhstan on May 29, according to the news agency.

The agreement will be the first the EAES signed with a partner, it added.

Source VNA