Russia Free Trade Agreements List

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An interactive list of bilateral and multilateral free trade instruments can be find on the TREND Analytics website. [59] A second factor is Russia`s gradual import substitution policy since 2012, which largely coincides with Russia`s accession to the WTO. WTO membership had raised hopes that trade with Russia would benefit from sustainable liberalization. Instead, Russia has gradually taken many steps to promote domestic products and services over foreign products and to encourage the location of production in Russia by foreign companies. Related measures are often contrary to the spirit and/or letter of WTO rules and are at the root of many trade stimuli. Since Russia joined the WTO in 2012, the EU has lodged four WTO disputes against Russia: the trade and economic cooperation agreement between the Eurasian Economic Union and the People`s Republic of China was signed on 17 May 2018 and will come into force at the end of October 2019. It is not a free trade agreement, but it does define a uniform format of trade cooperation between the EAEU and China. The agreement covers a wide range of issues, including simplified trade procedures (for example. (b) the availability of electronic customs declarations, goods present as soon as possible), reflecting changes in the new EAEU customs code: improving transparency and working towards mutual recognition of standards, technical rules and compliance assessment procedures; Regulation of e-commerce Public procurement cooperation. At the same time, Vietnam wants to expand its trade with the EAEU.

In his speech at the Eastern Economic Forum in September 2019, Vietnam`s Deputy Prime Minister, Trenh Dinh Dung, proposed a further reduction of customs barriers to improve opportunities to realize his country`s economic potential. The EAEU-Singapore Free Trade Agreement was signed at the EAEU summit in Yerevan on 1 October 2019. The document was the first step towards the creation of a comprehensive free trade area between the Eurasian Economic Union (EAEU) and Singapore and will govern not only trade in goods, but also trade in services and investment conditions. Since 1997, the EU`s political and economic relations with Russia have been based on a bilateral Partnership and Cooperation Agreement (APC).

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