Russian PM approves free trade zone deal between EEU, Vietnam

Russian Prime Minister Dmitry Medvedev has approved a free trade zone agreement between the Eurasian Economic Union (EEU) and Vietnam, the cabinet announced in a Monday statement, Sputnik News reports.

“The implementation of the agreement will contribute to an increase in the mutual trade turnover and the development of trade and economic relations between its participants, as well as help solve the problem of getting the EEU involved in the integration processes in the Asia-Pacific region,” the statement said.

Vietnam will be the first country to sign a free trade agreement with the EEU, which includes Russia, Armenia, Belarus and Kazakhstan. The agreement is expected to be inked on Friday in Moscow.