China initiates feasibility study on free trade area agreement with EEU – EEC
<p> MINSK, Dec 7 - PrimePress. China initiates a feasibility study on a free trade agreement with the Eurasian Economic Union (EEU: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia), Deputy Minister of Commerce of China Yu Jianhua said at the First Eurasian Congress held on December 4, 2020, the press office of the Eurasian Economic Commission (EEC) reports. </p> <p> </p> <p> It is proposed to begin technical and economic feasibility research, which is a format required develop the economies of the parties, liberalize and step up global trade and investment, reads the report. </p> <p> </p> <p> It is also important to ensure continuous economic activity and alignment of standards, and bring bilateral dialogue to a new level. To this end, it is necessary to take measures that will simplify international trade procedures, promote cross-border e-commerce, ensure uninterrupted supplies, green channels for cargos, facilitate customs clearance, and build logistics and depot centers. </p> <p> </p> <p> The EEU-China trade and economic cooperation agreement entered into force on October 25, 2019. It does not provide for a reduction in duties, thus aiming at increasing the transparency of regulatory systems, simplification of trade procedures, and strengthening of cooperation. End </p> <p> </p>
2020-12-08
Primepress
MINSK, Dec 7 - PrimePress. China initiates a feasibility study on a free trade agreement with the Eurasian Economic Union (EEU: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia), Deputy Minister of Commerce of China Yu Jianhua said at the First Eurasian Congress held on December 4, 2020, the press office of the Eurasian Economic Commission (EEC) reports.
It is proposed to begin technical and economic feasibility research, which is a format required develop the economies of the parties, liberalize and step up global trade and investment, reads the report.
It is also important to ensure continuous economic activity and alignment of standards, and bring bilateral dialogue to a new level. To this end, it is necessary to take measures that will simplify international trade procedures, promote cross-border e-commerce, ensure uninterrupted supplies, green channels for cargos, facilitate customs clearance, and build logistics and depot centers.
The EEU-China trade and economic cooperation agreement entered into force on October 25, 2019. It does not provide for a reduction in duties, thus aiming at increasing the transparency of regulatory systems, simplification of trade procedures, and strengthening of cooperation. End