Vietnam preparing to begin talks on accession to Customs Union

 

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