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.
Freight trade between Russia, Azerbaijan and Iran along the Western route of the INSTC rose by 50% in June as a result of Iran shifting its supply chains north. This is having a significant impact on new Caspian-Eurasian trade flows.
The Eurasian Economic Commission has met to discuss protocols concerning the EAEU-Mongolia Free Trade Agreement, which is set to commence from July 22. Meetings were held with Mongolian government and business representatives as part of the ‘Mongolia to Eurasia Strategic Dialogue’.
The Eurasian Economic Union has been discussing trade with China and the prospects for defined tariffs. At present the two parties have a non-preferential trade agreement, but this could change to a more significant trade deal.
The Belarus President Aleksander Lukashenko is on an Asian tour and has met with Chinese President Xi Jinping and proposed “11 Key Technologies” in which Belarus wants to cooperate with China in trade and investment.
The Eurasian Development Bank, in which Russia is a major investor, is set to approve 11 new countries as members, mainly from the Middle East. This will help facilitate Middle East sovereign investments into Central Asia.
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The Russia-ASEAN business forum was held last week with important geopolitical strategic agreements signed in energy, supply chains, finance, and trade and a 2026-2020 Comprehensive Action Plan. We examine all these initiatives and provide a country-by-country breakdown of deals agreed on a multilateral and bilateral basis with Russia. It is essential reading for anyone involved in ASEAN and Asian affairs.
The Eurasian Economic Union is considering the applications of Myanmar, Nicaragua and Venezuela to become ‘Observer’ states to the EAEU, with several other countries, including India, Israel, Egypt, Tunisia, Pakistan, and Cambodia all negotiating Free Trade Agreements.
Vietnam’s Prime Minister Le Minh Hung has invited the Russian President, Vladimir Putin to Vietnam to attend the 2026 APEC conference, the second senior ASEAN official to extend invitations in the past three days. APEC is attended by 21 countries leaders – including the United States.
The Russia-ASEAN annual summit is currently taking place in Kazan amongst huge geopolitical changes in Eurasia. We discuss what these mean and provide a detailed overview of Russia’s trade with ASEAN – including with nine of its member countries. It is essential reading for anyone involved in Southeast Asian trade and investment.
The Russian Prime Minister Mikhail Mishustin has met with Uzbekistan President Shavkat Mirziyoyev and Prime Minister Abdulla Aripov at the Tashkent International Investment Forum. We discuss what was said and the latest in bilateral trade and investment trends.
While the United States and Iran apparently reaching a peace agreement, the war has nevertheless permanently changed global supply chains. We look at the reasons behind the conflict, the immediate aftermath, and the regional development implications for Russia, China and the Eurasian continent as a whole.
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