Vietnam preparing to begin talks on accession to Customs Union

Mon, 30/07/2012 - 11:22

 

Vietnam is preparing to begin negotiations on its accession to the Customs Union of Belarus, Kazakhstan and Russia, which would allow it to trade freely with the post-Soviet states, Vietnamese President Truong Tan Sang told reporters in Russia’s Naryan Mar on Sunday, according to RIA Novosti.

“If there is a political will on the part of our countries’ authorities, as well as Belarusian and Kazakh partners, we will soon be able to start this process [joining the Customs Union],” said Mr. Sang.

The talks will be launched at the 24th summit of the Asia-Pacific Economic Cooperation (APEC) forum to be held in Russia’s Vladivostok this September, he said.

Mr. Sang expressed confidence that Vietnam’s accession to the Customs Union would give a boost to its trade with Russia.

In December last year, Vietnam formally invited Russia to establish a free trade zone.

Last week Kyrgyz Prime Minister Omurbek Babanov said that his country had filed an application to join the Customs Union, a move that was supported by Russia, according to RIA Novosti. //BelaPAN

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