EAEU plans to expand free trade zone

The Eurasian Economic Union intends to further expand the free trade zone with third countries. Ties have already been established with Vietnam, Iran, Serbia and Singapore to remove trade barriers. Negotiations are well underway with Egypt, Israel and India. It is also planned to explore the markets of Indonesia and Mongolia. If trade agreements are signed with these countries, the free trade zone will cover a market with a population of around two billion people, and the Growth Domestic Product will reach US$5 trillion. At the moment, the GDP of the EAEU countries has approached US$750 billion.

Translation by Saniya Sakenova

Editing by Saule Mukhamejanova