Vietnam – EAEU Full Free Trade Agreement
The Free Trade Agreement between Vietnam and the Eurasian Economic Union has been retrieved by Dezan Shira & Associates, translated into English, archived and is available for complimentary PDF download here.
The Eurasian Economic Union is a trade bloc that includes Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan, and is a significant player in terms of China’s OBOR ambitions. The agreement, which runs to 1,300 pages, is the first FTA agreed between the Eurasian Economic Union and an Asian country, and since its ratification in May 2015. Bilateral trade between Russia and Vietnam has risen from a base of close to zero to over US$10 billion since the treaty came into effect. Of particular interest within the document are provisions for lower taxes among agricultural and automotive trade.
“The EAEU is an emerging tax-free zone that will have a significant impact on Chinese and Asian trade with the West” says Chris Devonshire-Ellis of Dezan Shira & Associates. “China is also about to agree to an FTA with the EAEU and India, Singapore and many other Asian countries are also having EAEU FTA fast-tracked. With Russia and Belarus having borders with the EU the impact of duty-free goods arriving on the borders on Europe will provide significant opportunities for traders large and small as well as service providers such as repackaging, warehousing, distribution, and logistics companies specializing into European-Asian trade and services.”
Dezan Shira & Associates maintain offices in Hanoi and Ho Chi Minh City and have a Partner firm in Russia as well as a Russian desk. The practice produces Vietnam Briefing and Russia Briefing and is a long-term services provider in Eurasian legal, tax and related services.
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Dezan Shira & Associates provide business intelligence, due diligence, legal, tax and advisory services throughout the Vietnam and the Asian region. We maintain offices in Hanoi and Ho Chi Minh City, as well as throughout China, South-East Asia, India, and Russia. For assistance with investments into Vietnam please contact us at firstname.lastname@example.org or visit us at www.dezshira.com
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