European media hail trade deal between Vietnam and EAEU

(VOVworld) – The free trade agreement (FTA) signed between Vietnam and the Eurasian Economic Union (EAEU) marks Vietnam’s deepened integration into the international market, the Euro Presse Image highlighted on June 1st.

European media hail trade deal between Vietnam and EAEU - ảnh 1
Prime Minister Nguyen Tan Dung (front, right) signs the FTA with the EAEU leaders. Russian PM Dmitry Medvedev is on the left (Photo: VNA)

The trade deal will help the EAEU expand trade and investment ties with Southeast Asia and the Asia-Pacific region, the article cited Viktor Khristenko, Chairman of the Board of the Eurasia Economic Commission. Meanwhile, Vietnam, an ASEAN member, will serve as a bridge linking the EAEU and the ASEAN, assisting the union in extending its affiliation with the ASEAN Community, a 600 million-strong market with a GDP of 2.5 trillion USD. Two-way trade is forecast to expand 18-20 percent each year to 10-12 billion USD in 2020, from 4 billion USD in 2014. Vietnam is finalizing and has completed free trade negotiations with a number of countries including the US, Japan, the EU, Canada, Australia, New Zealand, and the Republic of Korea.