Deputy PM orders stricter measures to ensure road safety
The upper chamber of the Kazakhstani parliament has ratified a free trade agreement between the Eurasian Economic Union (EAEU) and Vietnam, according to the Russian news agency TASS on February 11.
 |
| The signing ceremony in 2015 |
The document was signed in Kazakhstan’s Burabay township on May 29, 2015, opening up favourable conditions for mutual trade and investment.
Once the deal takes effect, nearly 90% of goods will enjoy lower tariffs and 60 percent will be entitled to zero tax. It is also the first FTA that the EAEU has signed with a country.
The EAEU includes Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.
The Kazakhstani Ministry of National Economy predicted that the country will export more of its foodstuff to Vietnam, including flour, cereals, milk and pork.
Last year, two-way trade between Vietnam and Kazakhstan amounted to US$205 million.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Development highlights in Q1 through expert’s lenses (April 08, 2024 | 16:48)
- Vietnam logs 17.1 million business cyberthreats in 2023 (April 08, 2024 | 16:34)
- Vietnam now China's top ASEAN trading partner (April 08, 2024 | 16:26)
- Vietnamese businesses grapple with surging exchange rates (April 08, 2024 | 09:59)
- PM outlines 10 socioeconomic achievements in first quarter (April 04, 2024 | 08:00)
- Implementation strategy for new power development plan approved (April 03, 2024 | 15:14)
- Wood sector sees signs of recovery (April 02, 2024 | 06:56)
- Ba Ria-Vung Tau received major investment boost in Q1 (March 29, 2024 | 17:22)
- More chinese solar-tech manufacturers enter Vietnam (March 29, 2024 | 16:10)
- Canadian businesses focus on green energy and agriculture in Vietnam (March 29, 2024 | 10:04)
Mobile Version