Vietnam, Russia Pledge to Accelerate Signing of FTA

Vietnam and Russia have agreed to strengthen the bilateral trade and economic links, including the signing of a free trade agreement between Vietnam and the customs alliance of Russia, Belarus, and Kazakhstan.

 

The agreement was reached by Vietnamese Deputy PM Hoang Trung Hai and his Russian counterpart Igor Ivanovic Shuvalov during the 15th meeting of the Vietnam-Russia Intergovernmental Committee for Economic, Trade, Science and Technological Cooperation which opened Wednesday in Moscow.

 

The two-way trade turnover is estimated to reach US$3 billion this year. Both sides have signed the roadmap for realizing joint action program on economic, trade and investment cooperation towards 2015.

 

During the meeting, the two sides will discuss ways to push cooperation in energy, industry and science and technology areas.

 

The two Deputy PMs will also talk on measures to step up cooperation between the two countries’ localities and in agriculture, finance-banking, healthcare, education and science and technology as well.