The EAEU Free Trade Bloc includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fills the economic space between Eastern Europe and Western China. With Free Trade Agreements now in place with China, Indonesia, Iran, Mongolia, Serbia, Singapore, the UAE and Vietnam, and negotiations well underway with India and Egypt, the EAEU is developing as a vast Eurasian trade space. Leverage the EAEU single market as we discuss business regulations, customs procedures, and trade advantages for companies operating within or trading with the Eurasian Economic Union.
Maxim Vasiliev, Russia’s Trade Representative with Mongolia has suggested that the Mongolian government has linked its future economic growth to the successful signing of a Free Trade Agreement with the Eurasian Economic Union (EAEU). He was speaking at the economic conference “Prospects for the development of trade, economic and investment cooperation between Mongolia and the […]
Mikhail Galuzin, Russia’s Deputy Foreign Minister, has stated that the total volume of trade turnover with Central Asia in 2023 exceeded US$44 billion, representing 33% of all foreign trade of the Central Asian states. Meanwhile, the use of mutual currency settlements in this trade in national currencies of Russia with Kazakhstan, Kyrgyzstan and Tajikistan has […]
Update – August 14: Sergei Shoigu, Russia’s Security Council Secretary has reaffirmed Russia’s readiness to continue development and interaction between the Security Council of the Russian Federation and the Public Security Ministry of Laos, in meetings with Chansamone Chanyalath, the National Defense Minister of Laos, in Moscow. Laos, a member of the southeast ASEAN bloc, […]
Vietnam’s TH Group has begun construction of a livestock complex for a total population of 10,000 cows in the Yakovlevsky district of Primorsky Krai (Province) with commissioning scheduled for 2027, the Russian Far East and Arctic Development Corporation has reported. The project is being implemented by TH Rus Primorsky LLC, a resident of the Mikhailovsky […]
FESCO, Russia’s largest transport company , and Vietnam’s Ratraco have signed a cooperation agreement that will introduce the launch of regular direct railway services between Russia and Vietnam through China. FESCO stated in a press release that “We signed a cooperation agreement in Hanoi with the Vietnamese logistics operator Ratraco, within the framework of which […]
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The tenth anniversary meetings of the founding of the Eurasian Economic Union (EAEU) took place last week, with the five member bloc assessing progress and planning ahead. The EAEU, which includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, fills the geographic space between Eastern Europe and Western China. Uzbekistan is not a member but does have […]
The heads of state of the Eurasian Economic Union (EAEU) countries met in Moscow this week to discuss the ten-year progress since the bloc was formed and make plans for future development. The event was attended by the five heads of state from Armenia, (Prime Minister Nikolai Pashinyan) Belarus (President Alexander Lukashenko), Kazakhstan, (President Kassym-Zhomart […]
Kambiz Mirkarimi, a member of the board of directors of the Iran-Russia Joint Chamber of Commerce, has projected that over 88% of commodities exchanged between Iran and the member states of the Eurasian Economic Union (EAEU) will soon be subject to zero tariffs within the next two months. This forecast comes amidst the facilitation of […]
India and the Eurasian Economic Union (EAEU) have been holding discussions concerning a proposed free trade agreement for some time now. With the EAEU including Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia, the concept holds considerable promise for India as it looks to secure new markets – Kazakhstan is a target, as is Russia, without having […]
The first meeting on the development of the international Belarus-Russia-Kazakhstan-Uzbekistan-Afghanistan-Pakistan multimodal transport corridor with access to Indian Ocean Seaports has been held in Termez, Uzbekistan, and was attended by officials from respective national transport departments, freight forwarding companies and businesses. They discussed the possibilities of increasing the volume of international cargo transportation along land corridors, […]
Ulaanbaatar plans to increase the capacity of checkpoints with Russia by at least 3 times, with the Mondy automobile checkpoint at the Russian Republic of Buryatia and the border with Mongolia being modernised. The border crossing will have nine lanes instead of today’s one. The capacity will be slightly less than 600 vehicles per day. […]
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