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Date: 8 months ago   Category: Finances

Minister of trade of EEU Veronika Nikishina: we go to the full-fledged free trade zone with Iran


Veronika Nikishina.
What prospects of creation of such zones, what advantages and risks does it bear? With what countries of EEU does conduct negotiations and already set up cooperation is how effective? The minister has answered these and other questions in Business FM interview Veronika Nikishina. Photo: Donat Sorokin/TASS In Yerevan there has passed the third Euroasian week — a forum of the Eurasian Economic Union. One of the main subjects on the agenda — creation of free trade zones between EEU and other countries. As well as why it occurs, in an interview of Business FM the minister of trade of the Euroasian economic commission, executive body of EEU, Veronika Nikishina has told. The editor-in-chief of radio station Ilya Kopelevich talked to her. One of hot topics in the agenda of the Eurasian Economic Union are a creation of free trade zones with the third countries. But in the beginning I will ask you to remind with whom agreements on such free trade have been concluded and on what conditions. How this mode is combined with the Customs union? Veronika Nikishina: I, first of all, want to tell that for us conclusion of agreement about free trade is not a craze at all, and it is absolutely conscious choice which is that through the agreement on free trade we reduce tariff protection in the countries with which we want to trade as with perspective trade partners. And through such decrease in the customs duties we create the system instrument of support of export. Therefore for us the agreement on free trade is a possibility of creation of much more effective, more competitive conditions for an exit of ours is export the focused companies on the markets of those countries with which we have consciously defined our export interest. We understand that export is one of sources of economic growth. Therefore our contribution which we can offer the governments in the solution of tasks in export support is a creation of such modes of more competitive entry into the markets of the third countries. According to our procedure, we conduct negotiations with the third countries on the basis of mandates which give us five presidents the decision. For today we have one agreement on free trade with Vietnam signed and come into force. Also we have seven mandates, seven decisions of our five presidents on negotiations, two of which we have already implemented and the agreement was signed. This interim agreement with Iran conducting to the full-fledged free trade zone. We have signed it in May, and now it undergoes ratification procedures in our parliaments. After these procedures are complete, it will come into force. And the second agreement — with China. It is not preferential, it isn't the agreement on the free trade zone, that is it doesn't concern decrease in the customs duties, but this trade and economic agreement which creates a legal frame of the union with China. These are two agreements, negotiations on which we have completed. There are five. On a closing stage of negotiations we have a track with Singapore and Serbia. With Serbia at us specifics перегово

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